Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. Puoi modificare le tue scelte in qualsiasi momento cliccando sui link "Dashboard privacy" sui nostri siti e sulle nostre app. Importantly, I want to thank our loyal investors and fellow WULFpack members for sticking with us through an unimaginably challenging year. Ms. Motz graduated summa cum laude fromDartmouth Collegewith a B.A. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Terawulf (NASDAQ: WULF) is owned by 9.57% institutional shareholders, 79.43% Terawulf insiders, and 11.00% retail investors. Previously, Mr. New was a senior member of the Distressed Finance Group at Credit Suisse and Donaldson, Lufkin and Jenrette. Despite weather-related price volatility in December, the Company projects an average cost of power of approximately $0.035/kWh across its two sites. 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. All Rights Reserved. Energy Intensive Bitcoin Mining: Can the Use of Renewables Answer Critics of Cryptocurrency? Paul B Prager owns about 31,534,679 units of Terawulf Inc common stock. 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. 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. Before joining Semtech, Mr. Harrison held analyst positions with increasing levels of responsibility at Wunderlich Securities, Signal Hill Capital Group and Pacific Growth Equities. Finally, as you consider investing in the space, look at our public disclosures. 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. LinkedIn View on LinkedIn. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Co-Founder, Chairman & Chief Executive Officer, Co-Founder, Chief Operating Officer & Chief Technology Officer. Most recently, Mr. Carter served as Superintendent of theU.S. Ikonics (NASDAQ:IKNX) investors will receive $5 in cash and one share in the new company for each share . and M.S. What is Paul B. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. Mr. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. Attended United States Naval Academy. Ms. Fleischmann holds a J.D. 2022 Terawulf. He earned a B.A. This has been our business for over 30 years. . By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. Ms. Prager brings broad legal, compliance, and regulatory expertise to the TeraWulf board of directors. The company was founded on February 8, 2021 and is headquartered in Easton, MD. If you want to invest in a bitcoin mining company, come to TeraWulf. For the avoidance of doubt, I did not sell 12 million shares. Prior to joining the bank, Ms. Prager was a partner in law firms where she focused on government investigations. Regions Greater New York Area, East Coast, Northeastern US. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. Read our most recent investor deck here. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. Jason New is the Co-Founder and Managing Partner of NovaWulf Digital Management, an institutionally focused digital asset infrastructure investment firm. 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. TeraWulfs business is conducted by its employees and executive officers with oversight from a distinguished and diversified board of directors. Thank you to all our investors, partners, and fellow WULFpack members for working with us to build the leading mining company. 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. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. 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. Se non vuoi che noi e i nostri partner utilizziamo i cookie e i dati personali per questi scopi aggiuntivi, clicca su "Rifiuta tutto". This is HUGE. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Se vuoi personalizzare le tue scelte, clicca su "Gestisci le impostazioni per la privacy". 3. 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. And in that short period, our team has accomplished key milestones that we believe will be foundational in achieving our . 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. Before that, he was a Managing Director at Blackstones global credit platform, GSO Capital Partners. With a core focus on ESG that ties directly to its business success, TeraWulf expects to offer attractive mining economics at an industrial scale. Marathon Patent Group Company Contact: Jason Assad Telephone: 678-570-6791 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. 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. Our best days are ahead of us. 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. from WesternNew England UniversitySchool of Law. Fifth Amendment to Loan Agreement. "TeraWulf's ability to raise private capital underscores the attractiveness of bringing a new paradigm for cryptocurrency mining to the public markets," CEO Paul Prager said in a statement. Mr. Farrell has over 12 years of energy experience in renewables, grid optimization, digitalization and storage cross-business solutions. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. 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. Si vous ne souhaitez pas que nos partenaires et nousmmes utilisions des cookies et vos donnes personnelles pour ces motifs supplmentaires, cliquez sur Refuser tout. and a B.A. Mr. Carter's extensive leadership background brings a strong commitment to corporate ethics, values and business practices to the board of directors. Our industrial-scale mining facilities in New York and Pennsylvania will mine Bitcoin using cost-effective, zero-carbon energy. TeraWulf's Prager on cryptocurrency market. "December represented another month of robust growth for TeraWulf. Id like to take a moment to highlight a few key milestones that we achieved during our first year as a public company: What differentiates TeraWulf is that we own and operate our facilities, control our power supply and utilize 91%+ zero-carbon energy sources. TeraWulf Announces January 2023 Production and Operations Updates. Mr. Harrison brings decades of experience in financial and marketing communications, equity research, financial analysis, and strategic planning. 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. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. Green bitcoin miner TeraWulf going public via reverse merger. 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 . Twitter View on Twitter. Founded in 2021 by Nazar Khan and Paul Prager, who were senior executives of Beowulf, an energy infrastructure company Prager had launched in 1990, Terawulf pitched itself as a "leading. in accounting from the University of Florida. "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 . from the University of Pennsylvania. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Co-Founder, and Chief Executive Officer of TeraWulf Inc. Gender Male. For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. 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. Read More WULF Stock News Headlines Our priority continues to be reducing costs and deploying those resources towards the Companys path to positive cash flow from operations in 2023. He speaks with Guy Johnson and Alix . This past year was a transformational year for TeraWulf and the crypto industry at large. Ms. Motz brings to the board of directors extensive leadership and public policy experience. Mr. Farrell holds a B.S. Our corporate governance framework promotes accountability, transparency, and effective decision making to ensure the long-term success of the business. Paul Prager is the Co-Founder, Chairman and CEO of TeraWulf Inc., a leading clean energy digital asset company. 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. February 2023 Dear Shareholders, . Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. 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 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. Our operations team effectively maintained our mining operations and deployed additional miners at Lake Mariner during one of the harshest weather events to hit the region, while also supporting the grid during periods of extreme stress," stated Paul Prager, Co-founder and Chief Executive Officer of TeraWulf. 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. The Nautilus Cryptomine, located in Berwick, Pennsylvania, is directly connected to the Susquehanna Nuclear Station and pays a five-year fixed-price of $0.02/kWh, among the lowest in the Bitcoin mining sector. 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 . 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. Mr. Khan received a B.S. Prager Paul B. C/O TERAWULF INC. 9 FEDERAL STREET EASTON, MD 21601 X X Chief Executive Officer Signatures /s/ Paul B. Prager 3/1/2023 HYPERLINK "" \l "**Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Co-Founder, and Chief Executive Officer of TeraWulf Inc. 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. TeraWulf Announces Proposed Public Offering of Common Stock . This past year, our management team invested over $15 million of our personal capital in the Company. 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. Insider Trading. 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. You can sign up for additional alert options at any time. 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. 2022 Terawulf. TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining facilities in the United States. Paul Prager is the Co-Founder and Chief Executive Officer of TeraWulf Inc, and the Chairman of the Board of Directors. Co-Founder, and Chief Executive Officer of TeraWulf Inc. 1 December 2022 results are based on estimated power costs, which remain subject to standard month end adjustments. mesurer votre utilisation de nos sites et applications. Today, I write in gratitude:. 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 . "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 . Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. "TeraWulf made remarkable operational advancements in January as we continued to make significant progress towards expanding capacity at Lake Mariner with the addition of Building 2, and energization of the Nautilus Cryptomine facility, which will be the first behind the meter bitcoin mining facility utilizing low cost, zero-carbon nuclear power at scale in the U.S.," stated Paul Prager . Yahoo fa parte della famiglia di brand di Yahoo. Mr. Carter is a Distinguished Flying Cross and Bronze Star recipient. Mr. Fleury brings 22 years of finance experience, comprising of capital markets, principal investing, and advisory roles. It has been four weeks since I shared my reflections on TeraWulfs achievements in 2022 and stated goals for 2023. 2022 Terawulf. "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 . Stefanie Fleischmann is Chief Legal Officer and Corporate Secretary of TeraWulf Inc., where she oversees all legal and compliance matters for the company. For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. You must click the activation link in order to complete your subscription. and M.S. Power volatility in 2022 underscored the importance of power contracts. Path to Positive Cash Flow from Operations in 2023 and Beyond. TeraWulf Inc. is a digital asset technology company, which is engaged in the business of sustainable bitcoin mining. Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. 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. Terawulf met en place une usine minire alimente par l'nergie nuclaire appele Nautilus. 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. Paul Prager @PaulBPrager . 22. Paul Prager is the Chief Executive Officer and the chair of the board of directors of TeraWulf. Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. You could say it all started with a bundt cake. Mr. 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. from Duke University School of Law. I also want to address the confusion out there regarding the perceived sale of stock. Company profile for TeraWulf Inc. including key executives, insider trading, ownership, revenue and average growth rates. Paul Prager Chief Executive Officer; Director: 1388889: Award at $ 0. . 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. in accounting from the University of Florida. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. We will remain laser-focused on scaling mining operations at our existing sites while opportunistically pursuing strategic opportunities in a financially responsible manner. Your trust and confidence in TeraWulf have helped us build a remarkable company. You can sign up for additional alert options at any time. 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. 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. Why? Paul Prager, TeraWulf CEO and Founder, discusses crypto regulation and green mining. TeraWulf Inc. WULF ("TeraWulf" or the . Before that, he was a Managing Director at Blackstones global credit platform, GSO Capital Partners. Because our confidence in TeraWulf is stronger than ever as we build upon, and begin to realize, our distinguishing advantages. Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. Most recently, he ran the Multi-Asset Sales & Trading business in Canada and led efforts to expand this strategy globally. Self-mined 125 Bitcoin in December 2022 for a total of 378 Bitcoin produced in Q4 2022, a 223% increase as compared to 117 Bitcoin produced in Q3 2022. Power volatility in 2022 underscored the importance of power contracts. Paul Prager, CEO and Founder of bitcoin mining company TeraWulf, on how they are generating environmentally sustainable bitcoin and crypto mining practices. TeraWulf went public after it agreed in June to merge with Ikonics . 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. 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. Bitcoin Miami - LIVE Panel with TeraWulf CEO Paul Prager - TeraWulf Inc. CEO Paul Prager discusses moving from energy industry, next gen bitcoin mining, joining forces with Gwyneth Paltrow. 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. 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. Mr. Fleury began his career in the Global Energy & Power Investment Banking Group at Banc of America Securities, LLC. 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. He was an original Partner of GSO and a member of its Management Committee and Investment Committee. Today, I write in gratitude: proud of our accomplishments, inspired by our extraordinary employees, and confident in our strategy. Paul Prager is the Chairman, Co-Founder & CEO at TeraWulf. In addition, forward-looking statements are typically identified by words such as "plan," "believe," "goal," "target," "aim," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, although the absence of these words or expressions does not mean that a statement is not forward-looking. Her distinguished career in both nonprofit and government will help TeraWulf execute on its strategy of sustainable growth and community impact. 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. 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 . Naval Academy, his alma matter. 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. August 11th, 2021, 2:00 PM PDT. Paul Prager is the Co-Founder, Chairman of the Board, and Chief Executive Officer of TeraWulf Inc. Mr. Farrell has over 12 years of energy experience in renewables, grid optimization, digitalization and storage cross-business solutions. She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. from the University of Pennsylvania. 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. Deployed fleet of 18,000 miners exceeding hash rate . Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity . Paul Prager. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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.. She later served as a Deputy Attorney General for theDistrict of Columbiagovernment, representing the city's child welfare and mental health agencies. Your trust and confidence in TeraWulf have helped us build a remarkable company. 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. All Rights Reserved. dvelopper et amliorer nos produits et services. from Heidelberg University and an LL.M. Item 1.01. If you experience any issues with this process, please contact us for further assistance. 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, "TeraWulf represents an exciting new paradigm for cryptocurrency mining, which is built on a significant strategic. He began his career at AIG and held senior roles at Johnson & Higgins and Aon. Naval Academyreached the No. Vous pouvez modifier vos choix tout moment en cliquant sur le lien Tableau de bord sur la vie prive prsent sur nos sites et dans nos applications. 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. 53 Palmeras Street, Suite 601 . He began his career at AIG and held senior roles at both Johnson & Higgins and Aon. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. San Juan, Puerto Rico 00901 . At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. Beowulf is led by its founder, Chairman, and Chief Executive Officer, Paul B. Prager. "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.". Fleet of deployed miners reached approximately 18,000 with a hash rate capacity over 2.0 EH/s.
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