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. Se non vuoi che noi e i nostri partner utilizziamo i cookie e i dati personali per questi scopi aggiuntivi, clicca su "Rifiuta tutto". TeraWulf is an infrastructure-focused bitcoin mining company accelerating the transition to a zero-carbon future. Co-Founder, and Chief Executive Officer of TeraWulf Inc. Most recently, he served as North American Head of Onshore Sales and Marketing at Siemens Gamesa Renewable Energy Inc., leading the U.S. and Canadas onshore wind turbine product development and market strategy. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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, 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. and a B.A. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. Naval Academyreached the No. In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. from Boston University and is admitted to practice law in New York and Germany. Power volatility in 2022 underscored the importance of power contracts. Paul Prager "TeraWulf " BTC TeraWulf 100% BTC Ms. Prager brings broad legal, compliance, and regulatory expertise to the TeraWulf board of directors. ESG is at the core of TeraWulfs corporate strategy and ties directly to its business success, risk mitigation, and reputational value. 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. Our industrial-scale mining facilities in New York and Pennsylvania will mine Bitcoin using cost-effective, zero-carbon energy. After submitting your request, you will receive an activation email to the requested email address. Mr. Harrison brings decades of experience in financial and marketing communications, equity research, financial analysis, and strategic planning. The Company is scheduled to receive over 18,000 additional miners from Bitmain over the coming months. He earned a BS in Finance, Economics & Accounting from Fordham University. Webcast TeraWulf will generate domestically produced bitcoin powered by nuclear, hydro and solar energy. Enter TeraWulf, which believes it has a better way forward. Mr. Carter is a Distinguished Flying Cross and Bronze Star recipient. 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. We are prepared to demonstrate the importance of what we do and how we do it. 1 Source: Cambridge Bitcoin Electricity Consumption Index (CBECI) (ccaf.io). Press Releases. Mr. Prager has also founded and has been the President of Beowulf Energy LLC and its. She later served as a Deputy Attorney General for theDistrict of Columbiagovernment, representing the city's child welfare and mental health agencies. TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining facilities in the United States. Most recently, Mr. Carter served as Superintendent of theU.S. Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. TeraWulf. 410-770-9500 (Name, Address and Telephone Number of Person . Under his leadership, theU.S. Paul Prager is the Co-Founder, Chairman and CEO of TeraWulf Inc., a leading clean energy digital asset company. "For 2023, we plan to aggressively expand our deployed hash rate as we continue to receive miner shipments with a goal of reaching 5.5 EH/s of sustainable, operating mining capacity.". 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. 22. Mr. Harrison brings decades of experience in financial and marketing communications, equity research, financial analysis, and strategic planning. 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 . A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. 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. Thats right, we bought at market while this transformational equity raise came at a modest discount to the market. August 11th, 2021, 2:00 PM PDT. Ms. Motz brings to the board of directors extensive leadership and public policy experience. 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. 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. Co-Founder, Chairman & Chief Executive Officer. Before that, he was a Managing Director at Blackstones global credit platform, GSO Capital Partners. She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. 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. 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. Potential investors, stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Cassie Motz is the Executive Director of the CollegeBound Foundation inBaltimore. Paul Prager, Chief Executive Officer and chairman of the board of TeraWulf, will participate in the Bitcoin 2022 Conference to speak on the Building New Grids panel on April 8, 2022 at 12:45 p.m . Ms. Motz also taught as an adjunct professor at theUniversity of Maryland School of Law. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. It has been four weeks since I shared my reflections on TeraWulfs achievements in 2022 and stated goals for 2023. This past year, our management team invested over $15 million of our personal capital in the Company. Co-Founder, and Chief Executive Officer of TeraWulf Inc. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. Importantly, I want to thank our loyal investors and fellow WULFpack members for sticking with us through an unimaginably challenging year. in history and earned a J.D. He holds a B.S. in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder. Naval Academy, his alma matter. For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. 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. 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. 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.. You can sign up for additional alert options at any time. Power volatility in 2022 underscored the importance of power contracts. 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. TeraWulf went public after it agreed in June to merge with Ikonics . 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"). Authorized to Receive Notices and Communications) January 30, 2023 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. Fleet of deployed miners reached approximately 18,000 with a hash rate capacity over 2.0 EH/s. 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 . Marathon Patent Group Company Contact: Jason Assad Telephone: 678-570-6791 In the last 2 years at Terawulf Inc, Paul B Prager has sold an estimated value of $0 worth. She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. TeraWulfs business is conducted by its employees and executive officers with oversight from a distinguished and diversified board of directors. As a nearly entirely zero-carbon miner, we believe we are strategically positioned relative to our peers in what will be an increasingly stringent regulatory environment. Paul Prager is the founder of Beowulf Energy LLC, a private, independent infrastructure holding company that develops, builds, owns, and operates power generation and energy infrastructure. TeraWulf Retweeted. from Heidelberg University and an LL.M. Prior to BlockTower, Mr. Bucella spent nearly a decade with Goldman Sachs in a variety of roles. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. 1 December 2022 results are based on estimated power costs, which remain subject to standard month end adjustments. TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining facilities in the United States. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Mr. Carter's extensive leadership background brings a strong commitment to corporate ethics, values and business practices to the board of directors. If you experience any issues with this process, please contact us for further assistance. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. TeraWulf cofounder and CEO Paul Prager joins us to talk about his experience building a vertically-integrated, zero carbon Bitcoin miner. Jason New is the Co-Founder and Managing Partner of NovaWulf Digital Management, an institutionally focused digital asset infrastructure investment firm. CEO Paul Prager discusses moving from energy industry, next gen bitcoin mining, joining forces with Gwyneth Paltrow. Mr. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. We believe these strategic steps will position TeraWulf forlong-term, sustainable growth. Successfully navigated extreme operating conditions during Winter Storm Elliot (the "Storm"), quickly returning to full output at the Storms close. Her distinguished career in both nonprofit and government will help TeraWulf execute on its strategy of sustainable growth and community impact. in accounting from the University of Florida. 4. 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. TeraWulf Announces Closing of $28 Million Underwritten Equity Offering and Over-Allotment Option. 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. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. from Duke University School of Law. If you experience any issues with this process, please contact us for further assistance. During December 2022, the Company received approximately 4,500 miners and an additional 3,750 miners were delivered during the first week of January 2023 from Bitmain Technologies Limited ("Bitmain"). Since the Storms departure, New York market prices have corrected to pre-December levels. Chairman of the Board, Chief Executive Officer, Co-Founder . For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. Today, I write in gratitude:. Terawulf (NASDAQ: WULF) is owned by 9.57% institutional shareholders, 79.43% Terawulf insiders, and 11.00% retail investors. . 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. By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. If you experience any issues with this process, please contact us for further assistance. Mr. Farrell began his energy career at Siemens Energy and held positions of increasing responsibility within their Power System Sales organization in both generation and electric delivery across diverse verticals for over a decade. dvelopper et amliorer nos produits et services. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. Mr. Khan received a B.S. He is also part of the global Corporate Risk and Broking leadership team. He earned a B.A. I also want to address the confusion out there regarding the perceived sale of stock. in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder. Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. One member, TeraWulf, has pledged to run cryptocurrency mines using more than 90 percent zero-carbon energy. Together, for more . The full text of the letter is below and available on the Company's website at www.terawulf.com: An Open Letter to Shareholders from TeraWulf Chairman and CEO Paul Prager February 2023 Dear. Stefanie Fleischmann is Chief Legal Officer and Corporate Secretary of TeraWulf Inc., where she oversees all legal and compliance matters for the company. He began his career at AIG and held senior roles at Johnson & Higgins and Aon. 2022 Terawulf. in Economics from Allegheny College and a J.D. Our best days are ahead of us. Today, I write in gratitude: proud of our accomplishments, inspired by our extraordinary employees, and confident in our strategy. All Rights Reserved. New Executive Interview with TeraWulf CTO and COO Nazar Khan. Deployed fleet of 18,000 miners exceeding hash rate . Ms. Langlais received her BA in Finance and graduated with honors from Boston College. 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. Paul Prager is the Co-Founder and Chief Executive Officer of TeraWulf Inc, and the Chairman of the Board of Directors. Co-Founder, Chief Operating Officer & Chief Technology Officer. For the avoidance of doubt, I did not sell 12 million shares. All Rights Reserved. "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 . 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. 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 . Nous, Yahoo, faisons partie de la famille de marques Yahoo. Dear Shareholders, It has been four weeks since I shared my reflections on TeraWulf's achievements in 2022 and stated goals for 2023. Mr. 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.. 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. from the University of Pennsylvania. TeraWulf Announces January 2023 Production and Operations Updates. 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. As an Assistant U.S. Attorney, Ms. Prager handled federal cases involving terrorism, wire and mail fraud, economic espionage, and export control violations, among other matters. 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. You can sign up for additional alert options at any time. An Open Letter to Shareholders from TeraWulf Chairman and CEO Paul Prager. Lisa Pragerserves as General Counsel and Executive Vice President of the Agricultural Bank ofChinaNew YorkBranch. LinkedIn View on LinkedIn. The Company maintains its estimated average power cost of approximately $0.035/kWh across its portfolio. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. Bitcoin Miami - LIVE Panel with TeraWulf CEO Paul Prager - TeraWulf Inc. Management Investment: today, TeraWulf also announced that its co-founders, 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 per share (the last reported sale price of the Company's common stock on the Nasdaq on January 26, 2023). The Company is nearing final stages of construction at its two mining sites and expects to have a total operational capacity of 49,000 miners (5.5 EH/s) in early Q2 2023, representing about 160 MW of power demand. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. in accounting from the University of Florida. "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 . 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. 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. Our priority continues to be reducing costs and deploying those resources towards the Companys path to positive cash flow from operations in 2023. Mining Disrupt Conference July 25-27, 2023 Miami . Mr. Fleury began his career in the Global Energy & Power Investment Banking Group at Banc of America Securities, LLC. It is led by energy entrepreneur Paul Prager and a seasoned team with many leadership positions held by women, including Chief Strategy . 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. 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. After submitting your request, you will receive an activation email to the requested email address. TeraWulf, Inc. owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States. The approximate remaining 6,500 miners (0.7 EH/s) are operated pursuant to hosting arrangements where the Company receives a fee and participates financially in mining profits. Previously, Mr. New was a senior member of the Distressed Finance Group at Credit Suisse and Donaldson, Lufkin and Jenrette. 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. All Rights Reserved. Be assured that I am here with you and will continue to personally invest in TeraWulf. This past year was a transformational year for TeraWulf and the crypto industry at large. Paul Prager is the Chairman, Co-Founder & CEO at TeraWulf. Paul Prager @PaulBPrager . To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Because our confidence in TeraWulf is stronger than ever as we build upon, and begin to realize, our distinguishing advantages. 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 . 2022 Terawulf. Paul Prager, Chairman & Chief Executive Officer of TeraWulf, said, "TeraWulf represents an exciting new paradigm for cryptocurrency mining, which is built on a significant strategic. Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. 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. 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. "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. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. About TeraWulf TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining. 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. Thank you to all our investors, partners, and fellow WULFpack members for working with us to build the leading mining company.
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