Why? . Ms. Motz brings to the board of directors extensive leadership and public policy experience. Stefanie Fleischmann is Chief Legal Officer and Corporate Secretary of TeraWulf Inc., where she oversees all legal and compliance matters for the company. Enter TeraWulf, which believes it has a better way forward. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. Also Known As Paul B. Prager. For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. And in that short period, our team has accomplished key milestones that we believe will be foundational in achieving our goal of being the preeminent miner producing bitcoin from zero-carbon energy resources at the lowest marginal cost in the sector. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. Paul Prager, CEO and Founder of bitcoin mining company TeraWulf, on how they are generating environmentally sustainable bitcoin and crypto mining practices. Puoi modificare le tue scelte in qualsiasi momento cliccando sui link "Dashboard privacy" sui nostri siti e sulle nostre app. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. 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. New Executive Interview with TeraWulf CTO and COO Nazar Khan. 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. Meltem Demirors, Chief Strategy Officer . ESG is at the core of TeraWulfs corporate strategy and ties directly to its business success, risk mitigation, and reputational value. Your trust and confidence in TeraWulf have helped us build a remarkable company. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. He began his career at AIG and held senior roles at both Johnson & Higgins and Aon. Fleet of deployed miners reached approximately 18,000 with a hash rate capacity over 2.0 EH/s. Feb 2 2023. TeraWulf will generate domestically produced bitcoin powered by nuclear, hydro and solar energy. About 11,500 are proprietary miners with a hash rate capacity of approximately 1.4 EH/s. from Heidelberg University and an LL.M. He is also part of the global Corporate Risk and Broking leadership team. 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. | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. 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. Thank you to all our investors, partners, and fellow WULFpack members for working with us to build the leading mining company. in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Prior to BlockTower, Mr. Bucella spent nearly a decade with Goldman Sachs in a variety of roles. Deployed fleet of 18,000 miners exceeding hash rate . 1. Earlier in her career as an Assistant U.S. Attorney, Ms. Motz prosecuted homicide and domestic violence cases and argued appellate cases in federal and local courts. After submitting your request, you will receive an activation email to the requested email address. Your trust and confidence in TeraWulf have helped us build a remarkable company. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. Mr. Deane brings more than 20 years of financial and operational experience in the power, high tech and public accounting sectors. We have said all along the amount of monies required to achieve free cash flow positive operations, and we have now reached that important milestone. All Rights Reserved. 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. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. Terawulf met en place une usine minire alimente par l'nergie nuclaire appele Nautilus. I said that I was right alongside you as a shareholder and that I would continue to invest personally in TeraWulf. LinkedIn View on LinkedIn. Michael Bucella is a Partner and Global Head of Strategic Partnerships for BlockTower Capital, a leading institutional cryptocurrency investment firm bringing professional trading and portfolio management to an emerging digital asset class. You must click the activation link in order to complete your subscription. Her distinguished career in both nonprofit and government will help TeraWulf execute on its strategy of sustainable growth and community impact. Co-Founder, Chairman & Chief Executive Officer. She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. The Company operates approximately 18,000 Bitcoin miners with a hash rate capacity over 2.0 EH/s at its Lake Mariner facility. Most recently, Mr. Carter served as Superintendent of theU.S. Regions Greater New York Area, East Coast, Northeastern US. 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. Ms. Fleischmann holds a J.D. EASTON, Md., January 09, 2023--(BUSINESS WIRE)--Today TeraWulf Inc. (Nasdaq: WULF) ("TeraWulf" or the "Company"), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more than 91% zero-carbon energy, provided an unaudited monthly production and operations update for December 2022. Paul Prager, Chief Executive Officer, and Nazar Khan, Chief Operating Officer, purchased $2.5 million in a private placement at a market price of $1.05 . In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. in Industrial Psychology & History from Washington & Lee University. Prior to NovaWulf, Mr. New was the Head of Onex Credit, a leading asset manager with more than $23 billion of assets under management. 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. Authorized to Receive Notices and Communications) January 30, 2023 Led by an experienced group of energy entrepreneurs, the Company is currently operating and/or completing construction of two mining facilities: Lake Mariner in New York, and Nautilus Cryptomine in Pennsylvania. 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. | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. Paul Prager is the Chairman, Co-Founder & CEO at TeraWulf. TeraWulf went public after it agreed in June to merge with Ikonics . . He earned a B.A. Mr. Farrell holds a B.S. Ms. Motz previously served on the University System ofMaryland BoardofRegentsfromJune 2014throughMarch 2015 and as a Deputy Chief of Staff to Maryland GovernorMartin O'Malley. in history and earned a J.D. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Ted Carter became the eighth president of theUniversity of NebraskainJanuary 2020after retiring as Vice Admiral following 38 years of service in the U.S.Navy. "Everyone I talk to now is talking about carbon neutrality," said Paul Prager . 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. Company profile for TeraWulf Inc. including key executives, insider trading, ownership, revenue and average growth rates. fromYale Universityand J.D. from WesternNew England UniversitySchool of Law. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. TeraWulf, Inc. owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States. Paul Prager @PaulBPrager . February 2023 Dear Shareholders, . 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. Lisa Pragerserves as General Counsel and Executive Vice President of the Agricultural Bank ofChinaNew YorkBranch. 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. Mr. New has over 26 years of investment experience and, previous to Onex, was a Senior Managing Director of Blackstone and Co-Head of Distressed and Special Situation Investing for GSO Capital Partners (GSO). There can be no assurance that future developments will be those that have been anticipated. Mr. Khan previously served as Executive Vice President of Beowulf Energy LLC for nearly 20 years, where he led the firms acquisition and development efforts. Co-Founder, Chairman & Chief Executive Officer, Co-Founder, Chief Operating Officer & Chief Technology Officer. 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. This is HUGE. Despite weather-related price volatility in December, the Company projects an average cost of power of approximately $0.035/kWh across its two sites. We efficiently procured miners to completely utilize our 160 MW of mining capacity with, Achieving our target of 49,000 operating miners (5.5 EH/s hash rate) in Q1 2023, Leveraging our blended power cost of $0.035/kWh, which is 30% lower than the industry, Optimizing our earnings power by executing on our recently announced, Expanding the suite of grid services that we offer to the market, Supporting a more collaborative approach to regulation and thoughtful calibration of the rules. Thats right, we bought at market while this transformational equity raise came at a modest discount to the market. Last month, I highlighted the industry-leading investment level our executive team has made in the Company and the commitment it demonstrates. The Company maintains its estimated average power cost of approximately $0.035/kWh across its portfolio. Most recently, Mr. Fleury served as a founding member of the credit team at Platinum Equity, where he was responsible for public and private credit investments. By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. Ms. Motz also taught as an adjunct professor at theUniversity of Maryland School of Law. This has been our business for over 30 years. Beowulf is led by its founder, Chairman, and Chief Executive Officer, Paul B. Prager. You must click the activation link in order to complete your subscription. 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. 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. On March 1, 2023 (the "Fifth Amendment Effective Date"), TeraWulf Inc. (the "Company") entered into an amendment (the "Fifth Amendment") to its Loan, Guaranty and Security Agreement, dated as of December 1, 2021 (as amended, modified or supplemented from time to time, the "Loan Agreement"), by and . 22. 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. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. and a B.A. Importantly, I want to thank our loyal investors and fellow WULFpack members for sticking with us through an unimaginably challenging year. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Paul Prager, TeraWulf's CEO, said in a statement: "Disposition of the Ikonics legacy business allows the TeraWulf management team to focus our energies on the continued build-out of our zero . Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the Companys filings with the SEC, which are available at www.sec.gov. 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. Ms. Fleischmann holds a J.D. Gender Male. All Rights Reserved. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. Jason New is the Co-Founder and Managing Partner of NovaWulf Digital Management, an institutionally focused digital asset infrastructure investment firm. Most recently, he ran the Multi-Asset Sales & Trading business in Canada and led efforts to expand this strategy globally. and a B.A. He speaks with Guy Johnson and Alix . . Co-Founder, Chairman & Chief Executive Officer. 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. An Open Letter from TeraWulf Chairman and CEO Paul Prager January 2023 This past year was a transformational year for TeraWulf and the crypto industry at large. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. Prior to joining Beowulf, Ms. Fleischmann was a Senior Associate in the Mergers and Acquisitions Group at Paul, Weiss, Rifkind, Wharton & Garrison LLP, where she worked on a wide range of private and public M&A, joint venture, cross-border and financing transactions. Together, for more . Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. TeraWulf does not assume any obligation to publicly update any forward-looking statement after it was made, whether as a result of new information, future events or otherwise, except as required by law or regulation. Bitcoin Miami - LIVE Panel with TeraWulf CEO Paul Prager - TeraWulf Inc. Paul Prager to Lead TeraWulf Foundation for Social Health Sustainability Programs January 13, 2022 by Spy Desk Email TeraWulf today announced the formation of the TeraWulf Charitable Foundation, a private, philanthropic organization focused on funding and participating in social health, environmental and sustainability programs. 4. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. Mr. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. New Executive Interview with TeraWulf CTO and COO Nazar Khan. Paul B. Prager's Terawulf shares are currently valued at $15.81M. "TeraWulf's ability to raise private capital underscores the attractiveness of bringing a new paradigm for cryptocurrency mining to the public markets," TeraWulf chairman and CEO Paul Prager said . Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. TeraWulf Announces Closing of $28 Million Underwritten Equity Offering and Over-Allotment Option. Self-mined 157 Bitcoin in January 2023, a >25% increase over December 2022. Our industrial-scale mining facilities in New York and Pennsylvania will mine Bitcoin using cost-effective, zero-carbon energy. . You must click the activation link in order to complete your subscription. Patrick Fleury is the Chief Financial Officer of TeraWulf Inc., where he is responsible for directing and overseeing the financial activities of the Company, including investment of funds and additional capital for expansion. Nous, Yahoo, faisons partie de la famille de marques Yahoo. Paul B Prager owns about 31,534,679 units of Terawulf Inc common stock. Mr. Most recently, Mr. Deane was an executive with Heorot Power Holdings LLC, an owner and operator of power generation assets. Paul Prager. Terawulf a dclar pour la premire fois en 2021 que la flotte de 15 000 machines minires de Nautilus aura un taux de hachage de 1,6 exahash par seconde (EH/s) lorsqu'elle atteindra sa pleine capacit plus tard au premier trimestre de . February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager . 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. Let me quickly highlight what undeniably sets WULF apart from our peers: Every move from this point forward is about advancingourmissionandpushingthe boundaries of what is possible for our business and our shareholders. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. And if you dont want to invest in a bitcoin mining company, call us. in accounting from the University of Florida. Prior to joining the bank, Ms. Prager was a partner in law firms where she focused on government investigations. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. This past year, our management team invested over $15 million of our personal capital in the Company. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. Fifth Amendment to Loan Agreement. Webcast Before entering private practice, Ms. Prager was a federal prosecutor in the U.S. Attorneys Office for the District of Columbia, as well as Acting Assistant Secretary and Deputy Assistant Secretary for Export Enforcement at the U.S. Department of Commerces Bureau of Industry and Security. 1 December 2022 results are based on estimated power costs, which remain subject to standard month end adjustments. Mining Disrupt Conference July 25-27, 2023 Miami . mostrarti annunci e contenuti personalizzati in base ai profili di interesse; misurare l'efficacia di annunci e contenuti personalizzati; sviluppare e migliorare i nostri prodotti e servizi. Today, I write in gratitude:. Forward-looking statements are based on the current expectations and beliefs of TeraWulfs management and are inherently subject to a number of factors, risks, uncertainties and assumptions and their potential effects. TeraWulf Inc. WULF ("TeraWulf" or the . mesurer votre utilisation de nos sites et applications. April 22, 2022, 4:20 PM. | Privacy Policy, TeraWulf Announces Closing of $28 Million Underwritten Equity Offering and Over-Allotment Option, TeraWulfs Nuclear Bitcoin Plant Is Just One Piece of the Green Mining Puzzle, TeraWulf Announces January 2023 Production and Operations Updates, TeraWulf Issues an Open Letter to Shareholders from Chairman and CEO, TeraWulf Announces Beneficial Debt Modifications and Approximately $32 Million of New Equity Proceeds, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, TeraWulf Announces Proposed Public Offering of Common Stock, First Nuclear-Powered Bitcoin Mine in US Opening in 2023, Americas first nuclear-powered Bitcoin mining center to open in Pennsylvania.
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