Mr. Khan received a B.S. February 2023 Dear Shareholders, . "Everyone I talk to now is talking about carbon neutrality," said Paul Prager, the CEO of TeraWulf. 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. 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. 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. 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. Mr. New brings to the board of directors a wealth of experience in complex financial structuring and optimization in a public company setting. Ikonics (NASDAQ:IKNX) investors will receive $5 in cash and one share in the new company for each share . An Open Letter to Shareholders from TeraWulf Chairman and CEO Paul Prager. 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. Before joining Semtech, Mr. Harrison held analyst positions with increasing levels of responsibility at Wunderlich Securities, Signal Hill Capital Group and Pacific Growth Equities. Deployed fleet of 18,000 miners exceeding hash rate . After submitting your request, you will receive an activation email to the requested email address. Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. Because our confidence in TeraWulf is stronger than ever as we build upon, and begin to realize, our distinguishing advantages. Webcast Before that, he was a Managing Director at Blackstones global credit platform, GSO Capital Partners. Cassie Motz is the Executive Director of the CollegeBound Foundation inBaltimore. 3. Co-Founder, Chairman & Chief Executive Officer, Co-Founder, Chief Operating Officer & Chief Technology Officer. 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. 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). Location New York, New York, United States. Co-Founder, Chairman & Chief Executive Officer. 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. The Company is scheduled to receive over 18,000 additional miners from Bitmain over the coming months. Her distinguished career in both nonprofit and government will help TeraWulf execute on its strategy of sustainable growth and community impact. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. . In this installment of the mining miniseries we cover: Paul's career trajectory from coal trading to energy infrastructure to Bitcoin Beowulf's deal with Marat Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. Mr. Carter is a Distinguished Flying Cross and Bronze Star recipient. Ms. Motz brings to the board of directors extensive leadership and public policy experience. The Company operates approximately 18,000 Bitcoin miners with a hash rate capacity over 2.0 EH/s at its Lake Mariner facility. 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. All Rights Reserved. As further evidence of my conviction, I have not sold a share, directly or indirectly. Before joining Semtech, Mr. Harrison held analyst positions with increasing levels of responsibility at Wunderlich Securities, Signal Hill Capital Group and Pacific Growth Equities. Paul Prager, TeraWulf CEO and Founder, discusses crypto regulation and green 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. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. and a B.A. 2022 Terawulf. TeraWulf Retweeted. Most recently, Mr. Deane was an executive with Heorot Power Holdings LLC, an owner and operator of power generation assets. And in that short period, our team has accomplished key milestones that we believe will be foundational in achieving our . Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Energy Intensive Bitcoin Mining: Can the Use of Renewables Answer Critics of Cryptocurrency? Finally, as you consider investing in the space, look at our public disclosures. 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. Puoi modificare le tue scelte in qualsiasi momento cliccando sui link "Dashboard privacy" sui nostri siti e sulle nostre app. 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. Paul Prager is the Co-Founder, Chairman of the Board, and Chief Executive Officer of TeraWulf Inc. Under his leadership, theU.S. THE WOODLANDS, Texas, Aug. 3, 2021 /PRNewswire/ -- Talen Energy Corporation ("Talen" or "the Company") announced today that, as part of its strategic transformation to a renewable energy and digital infrastructure growth platform, it has entered into a Joint Venture with TeraWulf Inc. ("TeraWulf"), a U.S.-based bitcoin mining company, to develop up to 300 Megawatts of zero-carbon bitcoin . You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Paul Prager to Speak at the 2022 Bitcoin Conference February 22, 2022 Yahoo Finance Bitcoin mining as 'energy infrastructure': TeraWulf CEO details zero carbon emission operation December 14, 2021 New York Times A New Focus on Amazon Warehouses December 13, 2021 Seeking Alpha Gwyneth Paltrow invests in green bitcoin miner TeraWulf 12> He speaks with Guy Johnson and Alix . 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. 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. You can sign up for additional alert options at any time. By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. Mr. Harrison brings decades of experience in financial and marketing communications, equity research, financial analysis, and strategic planning. TeraWulf Announces Closing of $28 Million Underwritten Equity Offering and Over-Allotment Option. 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. We believe these strategic steps will position TeraWulf forlong-term, sustainable growth. Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. Ms. Fleischmann holds a J.D. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. 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. Most recently, he ran the Multi-Asset Sales & Trading business in Canada and led efforts to expand this strategy globally. Before joining Heorot Power, Mr. Deane held positions of Chief Financial Officer, Vice President and Corporate Secretary at Isonics Corporation; Senior Finance Manager at Sun Microsystems, Inc.; and Audit Manager at Deloitte LLP. If you experience any issues with this process, please contact us for further assistance. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining facilities in the United States. Our corporate governance framework promotes accountability, transparency, and effective decision making to ensure the long-term success of the business. 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. 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. Last month, I highlighted the industry-leading investment level our executive team has made in the Company and the commitment it demonstrates. The Lake Mariner facility sources attractively priced power in Western New York where 91% of market energy comes from zero-carbon resources, including from the Niagara Hydroelectric Power Station, which is located 35 miles from the Lake Mariner facility. CEO Paul Prager discusses moving from energy industry, next gen bitcoin mining, joining forces with Gwyneth Paltrow. You must click the activation link in order to complete your subscription. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. TeraWulf Announces Closing of $28 Million Underwritten Equity Offering and Over-Allotment Option. After submitting your request, you will receive an activation email to the requested email address. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. 22. Energy Intensive Bitcoin Mining: Can the Use of Renewables Answer Critics of Cryptocurrency. Your trust and confidence in TeraWulf have helped us build a remarkable company. 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. Paul Prager Chief Executive Officer; Director: 1388889: Award at $ 0. . Co-Founder, and Chief Executive Officer of TeraWulf Inc. "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. Your trust and confidence in TeraWulf have helped us build a remarkable company. in accounting from the University of Florida. mesurer votre utilisation de nos sites et applications. This is HUGE. 410-770-9500 (Name, Address and Telephone Number of Person . Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. All Rights Reserved. TeraWulf Inc. is a digital asset technology company, which is engaged in the business of sustainable bitcoin mining. 4. Mr. Farrell has over 12 years of energy experience in renewables, grid optimization, digitalization and storage cross-business solutions. 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. 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. Quando utilizzi i nostri siti e le nostre app, noi utilizziamo i. autenticare gli utenti, applicare misure di sicurezza e prevenire spam e abusi; misurare l'utilizzo dei nostri siti e delle nostre app. Ms. Motz also taught as an adjunct professor at theUniversity of Maryland School of Law. The company was founded on February 8, 2021 and is headquartered in Easton, MD. 53 Palmeras Street, Suite 601 . Prior to BlockTower, Mr. Bucella spent nearly a decade with Goldman Sachs in a variety of roles. 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. Ms. Motz previously served on the University System ofMaryland BoardofRegentsfromJune 2014throughMarch 2015 and as a Deputy Chief of Staff to Maryland GovernorMartin O'Malley. 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. 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 . He earned a BS in Finance, Economics & Accounting from Fordham University. Mr. Farrell holds a B.S. 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. The total cost of. and a B.A. Dear Shareholders, It has been four weeks since I shared my reflections on TeraWulf's achievements in 2022 and stated goals for 2023. Co-Founder, Chairman & Chief Executive Officer, Co-Founder, Chief Operating Officer & Chief Technology Officer. "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 . in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder. April 22, 2022, 4:20 PM. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. Insider Trading. | Privacy Policy. TeraWulf went public after it agreed in June to merge with Ikonics . Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. In addition, TeraWulf Inc. saw -0.84% in overturn over a single year, with a tendency to cut further losses. Mr. Fleury brings 22 years of finance experience, comprising of capital markets, principal investing, and advisory roles. "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 . To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Mr. Farrell holds a B.S. He holds a B.S. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. Prior to joining the bank, Ms. Prager was a partner in law firms where she focused on government investigations. 2022 Terawulf. Fleet of deployed miners reached approximately 18,000 with a hash rate capacity over 2.0 EH/s. Today, I write in gratitude: proud of our accomplishments, inspired by our extraordinary employees, and confident in our strategy. Together, for more . 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. All Rights Reserved. Ms. Motz graduated summa cum laude fromDartmouth Collegewith a B.A. As part of our recent and likely final capital raise, my co-founder and COO, Nazar Khan, and I purchased an additional $2.5 million of equity at the market price. . in Economics from Allegheny College and a J.D. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. TeraWulf is an infrastructure-focused bitcoin mining company accelerating the transition to a zero-carbon future. Previously, Mr. New was a senior member of the Distressed Finance Group at Credit Suisse and Donaldson, Lufkin and Jenrette. "December represented another month of robust growth for TeraWulf. 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. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. While there has been significant progress this year, much more remains to be done. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. 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. 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. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. He began his career at AIG and held senior roles at both Johnson & Higgins and Aon. 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. in Industrial Psychology & History from Washington & Lee University. 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. She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. Importantly, I want to thank our loyal investors and fellow WULFpack members for sticking with us through an unimaginably challenging year. 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 . For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. . TeraWulf cofounder and CEO Paul Prager joins us to talk about his experience building a vertically-integrated, zero carbon Bitcoin miner. Before joining Heorot Power, Mr. Deane held positions of Chief Financial Officer, Vice President and Corporate Secretary at Isonics Corporation; Senior Finance Manager at Sun Microsystems, Inc.; and Audit Manager at Deloitte LLP. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. I also want to address the confusion out there regarding the perceived sale of stock. There can be no assurance that future developments will be those that have been anticipated. 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, today announced that today announced that the Company's Co-founder, Chairman and Chief Executive Officer, Paul Prager, has issued an open letter to shareholders. Co-Founder, Chief Operating Officer & Chief Technology Officer. from Boston University and is admitted to practice law in New York and Germany. 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. Mr. Fleury began his career in the Global Energy & Power Investment Banking Group at Banc of America Securities, LLC. Stefanie Fleischmann is General Counsel & Secretary of TeraWulf Inc., where she oversees all legal and compliance matters for the company. Entry into a Material Definitive Agreement. Steven Pincusserves as an Executive Vice President with global insurance companyWillis Towers Watsonand is the Global Head of Broking for the firm's FINEX business. For the avoidance of doubt, I did not sell 12 million shares. "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 . Most recently, Mr. Carter served as Superintendent of theU.S. New Executive Interview with TeraWulf CTO and COO Nazar Khan. from Heidelberg University and an LL.M. He is also part of the global Corporate Risk and Broking leadership team. Mr. Fleury brings 22 years of finance experience, comprising of capital markets, principal investing, and advisory roles. 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. 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. Read More WULF Stock News Headlines Mr. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. 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. Naval Academyreached the No. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. TeraWulf, Inc. owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States. Ms. Prager received a B.A. It is led by energy entrepreneur Paul Prager and a seasoned team with many leadership positions held by women, including Chief Strategy . 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.
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