Se vuoi personalizzare le tue scelte, clicca su "Gestisci le impostazioni per la privacy". Mr. Bucella brings to the board of directors extensive capital markets experience, institutional knowledge, and deep experience in the digital asset space. Proprietary mining produced 125 Bitcoin in December 22, pushing Q4 22 total to 378 Bitcoin, reflecting a more than 220% increase over the Bitcoin produced in Q3 22, Total fleet of deployed miners reached 18,000 with over 2.0 EH/s of hash rate as of December 31, 2022, On track to bring additional 15,000 miners online at Nautilus Cryptomine in Q1 2023. Press Releases. While there has been significant progress this year, much more remains to be done. Gender Male. A Peek Into the Origins of TeraWulf and Our Up-and-Coming Nuclear Facility. Ms. Prager brings broad legal, compliance, and regulatory expertise to the TeraWulf board of directors. from Yale Law School. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. An Open Letter to Shareholders from TeraWulf Chairman and CEO Paul Prager. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity . The Company maintains its estimated average power cost of approximately $0.035/kWh across its portfolio. She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. Paul Prager "TeraWulf " BTC TeraWulf 100% BTC He began his career at AIG and held senior roles at Johnson & Higgins and Aon. Mr. Harrison brings decades of experience in financial and marketing communications, equity research, financial analysis, and strategic planning. Paul Prager Co-Founder, Chairman & Chief Executive Officer Paul Prager is the Co-Founder, Chairman of the Board, and Chief Executive Officer of TeraWulf Inc. I exchanged shares for warrants to free up available authorized common stock, ahead of our shareholder meeting later this month, to increase the Companys authorized common shares. Before joining Semtech, Mr. Harrison held analyst positions with increasing levels of responsibility at Wunderlich Securities, Signal Hill Capital Group and Pacific Growth Equities. from Boston University and is admitted to practice law in New York and Germany. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Finally, as you consider investing in the space, look at our public disclosures. Before Beowulf, Ms. Langlais spent nearly a decade in the Investment Banking Division at Goldman Sachs, where she was most recently in the Natural Resources advisory group in New York. Co-Founder, and Chief Executive Officer of TeraWulf Inc. Mr. Harrison brings decades of experience in financial and marketing communications, equity research, financial analysis, and strategic planning. Marathon Patent Group Company Contact: Jason Assad Telephone: 678-570-6791 TeraWulf's Co-Founder and CEO, Paul Prager, commented, "The amendments to the Nautilus JV agreement enable TeraWulf to reduce our near-term capital obligations at the Nautilus Cryptomine . For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. What is Paul B. dvelopper et amliorer nos produits et services. ESG is at the core of TeraWulfs corporate strategy and ties directly to its business success, risk mitigation, and reputational value. Mr. Khan received a B.S. After submitting your request, you will receive an activation email to the requested email address. Mr. Fleury brings 22 years of finance experience, comprising of capital markets, principal investing, and advisory roles. This past year, our management team invested over $15 million of our personal capital in the Company. After submitting your request, you will receive an activation email to the requested email address. The upcoming deliveries will fill the Companys 160 MW of mining capacity available in early Q2 2023 with 34,000 miners (110 MW) at its Lake Mariner facility and 15,000 miners (50 MW) at its Nautilus facility. In the matter of just a few weeks, we raised what we plan to be the final funding needed to bridge the Company to self-sustaining operations, only a few months away. Why? Attended United States Naval Academy. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. He holds a B.S. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. As COO and CTO, Mr. Khan oversees the development and implementation of TeraWulfs day-to-day operations, including hardware procurement, site evaluation, infrastructure buildout and identification of future growth opportunities. Mr. Farrell has over 12 years of energy experience in renewables, grid optimization, digitalization and storage cross-business solutions. "Our ability to secure this new capital, together with the near-term deployment of the S19 XP miners at Lake Mariner, is further indication of TeraWulf's continued momentum," said Paul Prager . Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. TeraWulfs business is conducted by its employees and executive officers with oversight from a distinguished and diversified board of directors. Ms. Motz graduated summa cum laude fromDartmouth Collegewith a B.A. Nazar Khan is the Co-Founder, Chief Operating Officer, Chief Technology Officer, and Board Member of TeraWulf Inc. Mr. Khan brings tremendous experience in energy infrastructure and cryptocurrency mining and has led TeraWulfs business strategy since day one. Bitcoin Miami - LIVE Panel with TeraWulf CEO Paul Prager - TeraWulf Inc. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. Nazar Khan is the Co-Founder, Chief Operating Officer, Chief Technology Officer, and Board Member of TeraWulf Inc. Mr. Khan brings tremendous experience in energy infrastructure and cryptocurrency mining and has led TeraWulfs business strategy since day one. En el noreste de Pensilvania, un singular Bitcoin experimento minero est a punto de entrar en lnea.. Llamado Nautilus, Terawulf est girando un instalacin minera de propulsin nuclear.. Nombre anunci en 2021, Terawulf dijo que cuando Nautilus est a plena capacidad ms adelante en el primer trimestre de este ao, la flota de 1 15,000 equipos de minera de la instalacin tendr . This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. Paul Prager is the Co-Founder and Chief Executive Officer of TeraWulf Inc, and the Chairman of the Board of Directors. CEO of Terawulf Inc ( 30-Year Financial, Insider Trades) Paul B. Prager ( insider trades) bought 66,000 shares of WULF on 12/23/2021 at an average price of $12.85 a share. 4. TeraWulf Inc. WULF ("TeraWulf" or the . Kenneth Deane is the Chief Accounting Officer and Treasurer of TeraWulf Inc., where he is responsible for managing the Companys financial functions, including accounting, audit, internal control and treasury. Kerri Langlais is the Chief Strategy Officer for TeraWulf Inc., where she is responsible for the development and implementation of the Companys overall corporate strategy, business development, strategic partnerships, and growth initiatives. Paul Weiss, Rifkind, Wharton & Garrison LLP is serving as legal advisor and Moelis & Company LLC acted as exclusive placement agent to TeraWulf in connection with the debt and equity financing.. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, risks, uncertainties and assumptions, including, among others: (1) conditions in the cryptocurrency mining industry, including fluctuation in the market pricing of Bitcoin and other cryptocurrencies, and the economics of cryptocurrency mining, including as to variables or factors affecting the cost, efficiency and profitability of cryptocurrency mining; (2) competition among the various providers of cryptocurrency mining services; (3) changes in applicable laws, regulations and/or permits affecting TeraWulfs operations or the industries in which it operates, including regulation regarding power generation, cryptocurrency usage and/or cryptocurrency mining; (4) the ability to implement certain business objectives and to timely and cost-effectively execute integrated projects; (5) failure to obtain adequate financing on a timely basis and/or on acceptable terms with regard to growth strategies or operations (6) loss of public confidence in Bitcoin or other cryptocurrencies and the potential for cryptocurrency market manipulation (7) the potential of cybercrime, money-laundering, malware infections and phishing and/or loss and interference as a result of equipment malfunction or break-down, physical disaster, data security breach, computer malfunction or sabotage (and the costs associated with any of the foregoing) (8) the availability, delivery schedule and cost of equipment necessary to maintain and grow the business and operations of TeraWulf, including mining equipment and infrastructure equipment meeting the technical or other specifications required to achieve its growth strategy; (9) employment workforce factors, including the loss of key employees; (10) litigation relating to TeraWulf, RM 101 f/k/a IKONICS Corporation and/or the business combination; (11) the ability to recognize the anticipated objectives and benefits of the business combination; and (12) other risks and uncertainties detailed from time to time in the Companys filings with the Securities and Exchange Commission ("SEC"). The Nautilus Cryptomine facility, a joint venture with Talen Energy Corporation, is in the initial stages of ramping its mining operations and is expected to provide 50 MW of net mining capacity to TeraWulf in Q1 2023, representing the Companys 25% interest in the joint venture. TeraWulf's Co-Founder and CEO, Paul Prager, commented, "The amendments to the Nautilus JV agreement enable TeraWulf to reduce our near-term capital obligations at the Nautilus Cryptomine . 1. View source version on businesswire.com: https://www.businesswire.com/news/home/20230106005442/en/, Sandy Harrisonharrison@terawulf.com (410) 770-9500, https://www.businesswire.com/news/home/20230106005442/en/, Pot vote has Oklahoma hungry to rake in green from Texas, How Ron DeSantis misreads Corporate America, Tesla recalls 3,470 Model Y vehicles over loose bolts, 3 big things in investing you might have missed this week, UPDATE 1-North Korea says US causing international arms control collapse. Naval Academy, his alma matter. Paul Prager, Chairman & Chief Executive Officer of TeraWulf, said, "We are thrilled to join the Bitcoin Mining Council and are honored to support sustainable bitcoin mining. With over 40 years of experience, Mr. Pincus has extensive experience in the energy and high-tech sectors. Energy Intensive Bitcoin Mining: Can the Use of Renewables Answer Critics of Cryptocurrency. We believe these strategic steps will position TeraWulf forlong-term, sustainable growth. It has been four weeks since I shared my reflections on TeraWulfs achievements in 2022 and stated goals for 2023. Read our most recent investor deck here. Paul Prager is the Co-Founder, Chairman of the Board, and Chief Executive Officer of TeraWulf Inc. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. Sean Farrell is a Vice President of Operations for TeraWulf Inc., where he is responsible for coordinating and overseeing the companys data center operations and vertical integration strategy. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. If you want to invest in a bitcoin mining company, come to TeraWulf. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Mr. Carter's extensive leadership background brings a strong commitment to corporate ethics, values and business practices to the board of directors. Her distinguished career in both nonprofit and government will help TeraWulf execute on its strategy of sustainable growth and community impact. Our best days are ahead of us. Your trust and confidence in TeraWulf have helped us build a remarkable company. TeraWulf Announces Proposed Public Offering of Common Stock . Most recently, Ms. Langlais was an executive at Beowulf Energy LLC, a leading private energy infrastructure company, where she led the companys M&A and financing efforts. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Thank you to all our investors, partners, and fellow WULFpack members for working with us to build the leading mining company. 22. Sandy Harrison is the Vice President of Investor Relations for TeraWulf Inc., where he is responsible for leading the companys investor relations program and furthering its environmental, sustainability and governance initiatives. In the last 2 years at Terawulf Inc, Paul B Prager has sold an estimated value of $0 worth. Terawulf met en place une usine minire alimente par l'nergie nuclaire appele Nautilus. In doing so, we believe that we will be able to generate increasing cash flow throughout the year, which will give us further financial leverage to scale our mining operations. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Compare what we share: the breadth and depth of real data, with unbridled transparency, in a timely way. TeraWulf Co-Founder, CEO & Chair of the Board Paul Prager joins Yahoo Finance Live to talk about zero carbon mining for bitcoin and other cryptocurrencies, outlook on . Pour en savoir plus sur la faon dont nous utilisons vos donnes personnelles, veuillez consulter notre politique relative la vie prive et notre politique en matire de cookies. Terawulf aims to promote eco-friendly Bitcoin mining Terawulf advertised itself as a "leading sustainable Bitcoin mining firm" when it was founded in 2021 by Nazar Khan and Paul Prager, who. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. She also served as Deputy Legal Counsel to Governor O'Malley and as the Interim Director of the Governor's Office for Children. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. I said that I was right alongside you as a shareholder and that I would continue to invest personally in TeraWulf. By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. Your trust and confidence in TeraWulf have helped us build a remarkable company. Before that, he was a Managing Director at Blackstones global credit platform, GSO Capital Partners. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. The Company operates approximately 18,000 Bitcoin miners with a hash rate capacity over 2.0 EH/s at its Lake Mariner facility. Regions Greater New York Area, East Coast, Northeastern US. 1 public school ranking by Forbes and expanded academic opportunity and diversity. Event Details Bitcoin Miami - LIVE Panel with TeraWulf CEO Paul Prager April 8, 2022 12:45 PM ET Tune into Bitcoin Miami's LIVE Mining Stage stream featuring TeraWulf's CEO, Paul Prager. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Webcast Also Known As Paul B. Prager. "December represented another month of robust growth for TeraWulf. It is led by energy entrepreneur Paul Prager and a seasoned team with many leadership positions held by women, including Chief Strategy . Mr. Fleury brings 22 years of finance experience, comprising of capital markets, principal investing, and advisory roles. Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. Our industrial-scale mining facilities in New York and Pennsylvania will mine Bitcoin using cost-effective, zero-carbon energy. Paul Prager. April 22, 2022, 4:20 PM. Fleet of deployed miners reached approximately 18,000 with a hash rate capacity over 2.0 EH/s. "Everyone I talk to now is talking about carbon neutrality," said Paul Prager, the CEO of TeraWulf. "TeraWulf's ability to raise private capital underscores the attractiveness of bringing a new paradigm for cryptocurrency mining to the public markets," said Paul Prager, Chairman and Chief . If you experience any issues with this process, please contact us for further assistance. Ms. Motz previously served on the University System ofMaryland BoardofRegentsfromJune 2014throughMarch 2015 and as a Deputy Chief of Staff to Maryland GovernorMartin O'Malley. "The language has absolutely changed." But financial priorities and technological barriers in the crypto mining industry, which includes more than a dozen publicly traded companies like Argo, are preventing a complete shift to renewable . All Rights Reserved. Deployed fleet of 18,000 miners exceeding hash rate . | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. New Executive Interview with TeraWulf CTO and COO Nazar Khan. He earned a B.A. You can sign up for additional alert options at any time. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. Today, the Companys wholly-owned Lake Mariner facility has approximately 60 MW of operational mining capacity, and TeraWulf expects to reach 110 MW of capacity at the facility in Q2 2023. In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. Because our confidence in TeraWulf is stronger than ever as we build upon, and begin to realize, our distinguishing advantages. Together, for more . The company was founded on February 8, 2021 and is headquartered in Easton, MD. "We believe the continued ramp of our proprietary mining capacity coupled with our industry-leading power costs distinguishes TeraWulf as one of the lowest cost Bitcoin miners in the sector," continued Prager. Chairman of the Board, Chief Executive Officer, Co-Founder . As we transition into 2023 and strive to execute our plan and pursue growth, we will operate with several clear priorities: So, I will close where I started with a sincere thank you. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. Kerri Langlais is the Chief Strategy Officer for TeraWulf Inc., where she is responsible for the development and implementation of the Companys overall corporate strategy, business development, strategic partnerships, and growth initiatives. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. He graduated from the Navy Fighter Weapons School (Top Gun) inMiramar, California, and was commander for the Carrier Strike Group Twelve, in which he commanded 20 ships, two nuclear-powered aircraft carriers and two carrier air wings that were deployed toAfghanistanin the Arabian Gulf. Paul Prager is the Chairman of the Board of Directors. Despite the turbulent backdrop, we remained steadfastly focused on building a scalable, vertically integrated Bitcoin mining company that uses low-cost, 91%+ zero-carbon energy. Power prices increased dramatically during the severe weather event that crossed most of the United States in December, increasing Lake Mariners operating cost during the days of local impact. Most recently, Mr. Deane was an executive with Heorot Power Holdings LLC, an owner and operator of power generation assets. You could say it all started with a bundt cake. February 2023 Dear Shareholders, It has been four weeks since I shared my reflections on TeraWulf's achievements in 2022 and stated goals for 2023. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. and a B.A. There can be no assurance that future developments will be those that have been anticipated. TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining facilities in the United States.