In addition, TeraWulf Inc. saw -0.84% in overturn over a single year, with a tendency to cut further losses. Marathon Patent Group Company Contact: Jason Assad Telephone: 678-570-6791 from Duke University School of Law. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Mr. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. TeraWulf Inc. is a digital asset technology company, which is engaged in the business of sustainable bitcoin mining. 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. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. Before that, he was a Managing Director at Blackstones global credit platform, GSO Capital Partners. Mr. Carter's extensive leadership background brings a strong commitment to corporate ethics, values and business practices to the board of directors. TeraWulf's Prager on cryptocurrency market. "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 . Before that, he was a Managing Director at Blackstones global credit platform, GSO Capital Partners. Feb 1 2023. 4. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. Puoi modificare le tue scelte in qualsiasi momento cliccando sui link "Dashboard privacy" sui nostri siti e sulle nostre app. from the University of Pennsylvania. Under his leadership, theU.S. Power volatility in 2022 underscored the importance of power contracts. Our corporate governance framework promotes accountability, transparency, and effective decision making to ensure the long-term success of the business. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. Successfully navigated extreme operating conditions during Winter Storm Elliot (the "Storm"), quickly returning to full output at the Storms close. 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. 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 . afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. "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 . Kerri Langlais is the Chief Strategy Officer for TeraWulf Inc., where she is responsible for the development and implementation of the Companys overall corporate strategy, business development, strategic partnerships, and growth initiatives. Mr. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. 1. Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. Let me be clear we have a deal that should enable the Company to pay down principal when we have available free cash flow, instead of adhering to a mandatory payment schedule. 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. Be assured that I am here with you and will continue to personally invest in TeraWulf. 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 unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. 2022 Terawulf. New Executive Interview with TeraWulf CTO and COO Nazar Khan. Importantly, I want to thank our loyal investors and fellow WULFpack members for sticking with us through an unimaginably challenging year. and a B.A. I also want to address the confusion out there regarding the perceived sale of stock. And in that short period, our team has accomplished key milestones that we believe will be foundational in achieving our . All Rights Reserved. Mr. Farrell holds a B.S. Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. TeraWulf Announces Closing of $28 Million Underwritten Equity Offering and Over-Allotment Option. 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. 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. 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. She later served as a Deputy Attorney General for theDistrict of Columbiagovernment, representing the city's child welfare and mental health agencies. 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> You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. 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. Mr. Farrell holds a B.S. Prior to joining the bank, Ms. Prager was a partner in law firms where she focused on government investigations. Company profile for TeraWulf Inc. including key executives, insider trading, ownership, revenue and average growth rates. Mr. Prager has also founded and has been the President of Beowulf Energy LLC and its. LinkedIn View on LinkedIn. 1 public school ranking by Forbes and expanded academic opportunity and diversity. Ms. Prager brings broad legal, compliance, and regulatory expertise to the TeraWulf board of directors. and a B.A. 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. 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. If you want to invest in a bitcoin mining company, come to TeraWulf. The Company is scheduled to receive over 18,000 additional miners from Bitmain over the coming months. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. Paul B. Prager's Terawulf shares are currently valued at $15.81M. fromYale Universityand J.D. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. Sincerely, Paul Prager Chairman and Chief Executive Officer About TeraWulf TeraWulf (Nasdaq: WULF) owns. in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder. in Industrial Psychology & History from Washington & Lee University. Co-Founder, and Chief Executive Officer of TeraWulf Inc. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Ms. Motz also taught as an adjunct professor at theUniversity of Maryland School of Law. Meltem Demirors, Chief Strategy Officer . 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. By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. The company was founded on February 8, 2021 and is headquartered in Easton, MD. Insider Trading. It is led by energy entrepreneur Paul Prager and a seasoned team with many leadership positions held by women, including Chief Strategy . "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 . Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. Naval Academy, his alma matter. | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. Energy Intensive Bitcoin Mining: Can the Use of Renewables Answer Critics of Cryptocurrency. . Pour en savoir plus sur la faon dont nous utilisons vos donnes personnelles, veuillez consulter notre politique relative la vie prive et notre politique en matire de cookies. With a core focus on ESG that ties directly to its business success, TeraWulf expects to offer attractive mining economics at an industrial scale. 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. The Company operates approximately 18,000 Bitcoin miners with a hash rate capacity over 2.0 EH/s at its Lake Mariner facility. 2022 Terawulf. Today, I write in gratitude:. TeraWulf will generate domestically produced bitcoin powered by nuclear, hydro and solar energy. 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. Power volatility in 2022 underscored the importance of power contracts. 1 Source: Cambridge Bitcoin Electricity Consumption Index (CBECI) (ccaf.io). These warrants will convert back to common stock without any price differential. in accounting from the University of Florida. and M.S. Because our confidence in TeraWulf is stronger than ever as we build upon, and begin to realize, our distinguishing advantages. 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. A Peek Into the Origins of TeraWulf and Our Up-and-Coming Nuclear Facility. Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. Co-Founder, Chairman & Chief Executive Officer, Co-Founder, Chief Operating Officer & Chief Technology Officer. Path to Positive Cash Flow from Operations in 2023 and Beyond. Paul Prager is the Chairman, Co-Founder & CEO at TeraWulf. 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 graduated from the Navy Fighter Weapons School (Top Gun) inMiramar, California, and was commander for the Carrier Strike Group Twelve, in which he commanded 20 ships, two nuclear-powered aircraft carriers and two carrier air wings that were deployed toAfghanistanin the Arabian Gulf. Paul Prager, chairman and CEO of TeraWulf, will hold the same positions in the new company. 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. After several weeks of constructive dialogue with our lenders, we have reached an agreement on modifying the terms of our debt to eliminate near-term amortization and thereby optimize TeraWulfs financial flexibility through market cycles. He holds a B.S. Self-mined 157 Bitcoin in January 2023, a >25% increase over December 2022. 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. Today, I write in gratitude: proud of our accomplishments, inspired by our extraordinary employees, and confident in our strategy. Paul Prager is the Co-Founder and Chief Executive Officer of TeraWulf Inc, and the Chairman of the Board of Directors. The Company maintains its estimated average power cost of approximately $0.035/kWh across its portfolio. 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. in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. 2022 Terawulf. 22. She also served as Deputy Legal Counsel to Governor O'Malley and as the Interim Director of the Governor's Office for Children. Previously, Mr. New was a senior member of the Distressed Finance Group at Credit Suisse and Donaldson, Lufkin and Jenrette. Mr. New brings to the board of directors a wealth of experience in complex financial structuring and optimization in a public company setting. Mr. Khan received a B.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 . For the avoidance of doubt, I did not sell 12 million shares. This past year was a transformational year for TeraWulf and the crypto industry at large. Deployed fleet of 18,000 miners exceeding hash rate . 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. Paul Prager Chief Executive Officer; Director: 1388889: Award at $ 0. . Se vuoi personalizzare le tue scelte, clicca su "Gestisci le impostazioni per la privacy". Mr. Farrell has over 12 years of energy experience in renewables, grid optimization, digitalization and storage cross-business solutions. "Everyone I talk to now is talking about carbon neutrality," said Paul Prager, the CEO of TeraWulf. Terawulf (NASDAQ: WULF) is owned by 9.57% institutional shareholders, 79.43% Terawulf insiders, and 11.00% retail investors. 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. Mr. Khan received a B.S. You can sign up for additional alert options at any time. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity . There can be no assurance that future developments will be those that have been anticipated. 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 . 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. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. Paul Prager is the Co-Founder, Chairman of the Board, and Chief Executive Officer of TeraWulf Inc. Most recently, Mr. Deane was an executive with Heorot Power Holdings LLC, an owner and operator of power generation assets. 3. San Juan, Puerto Rico 00901 . 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 . Read More WULF Stock News Headlines Previous to this role, Mr. Bucella led the Institutional Global Equities business, also in Canada. April 22, 2022, 4:20 PM. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. Twitter View on Twitter. 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. 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. She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. . 1 December 2022 results are based on estimated power costs, which remain subject to standard month end adjustments. 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. Paul Prager "TeraWulf " BTC TeraWulf 100% BTC Compare what we share: the breadth and depth of real data, with unbridled transparency, in a timely way. in Economics from Allegheny College and a J.D. Ms. Motz brings to the board of directors extensive leadership and public policy experience. 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, CEO and Founder of bitcoin mining company TeraWulf, on how they are generating environmentally sustainable bitcoin and crypto mining practices. 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 . Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. from the University of Pennsylvania. TERAWULF Inc. (Name of Issuer) Common stock, par value $0.001 per share (Title of Class of Securities) 88080T 104 (CUSIP Number) Bayshore Capital LLC . Our best days are ahead of us. You can sign up for additional alert options at any time. Mr. Fleury began his career in the Global Energy & Power Investment Banking Group at Banc of America Securities, LLC. August 11th, 2021, 2:00 PM PDT. Paul Prager is the Co-Founder and Chief Executive Officer of TeraWulf Inc, and the Chairman of the Board of Directors. All Rights Reserved. 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. Mr. Khan received a B.S. Mr. Bucella brings to the board of directors extensive capital markets experience, institutional knowledge, and deep experience in the digital asset space. Before joining Semtech, Mr. Harrison held analyst positions with increasing levels of responsibility at Wunderlich Securities, Signal Hill Capital Group and Pacific Growth Equities. I exchanged shares for warrants to free up available authorized common stock, ahead of our shareholder meeting later this month, to increase the Companys authorized common shares. Before 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. Ikonics (NASDAQ:IKNX) investors will receive $5 in cash and one share in the new company for each share . Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. He began his career at AIG and held senior roles at both Johnson & Higgins and Aon. 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. Paul Prager is the Chief Executive Officer and the chair of the board of directors of TeraWulf. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. CEO Paul Prager discusses moving from energy industry, next gen bitcoin mining, joining forces with Gwyneth Paltrow. You can sign up for additional alert options at any time. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. In the last 2 years at Terawulf Inc, Paul B Prager has sold an estimated value of $0 worth. 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. TeraWulf. 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. Green bitcoin miner TeraWulf going public via reverse merger. from Boston University and is admitted to practice law in New York and Germany. 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. And if you dont want to invest in a bitcoin mining company, call us. TeraWulf is an infrastructure-focused bitcoin mining company accelerating the transition to a zero-carbon future. Entry into a Material Definitive Agreement. 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. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. Despite weather-related price volatility in December, the Company projects an average cost of power of approximately $0.035/kWh across its two sites. from Heidelberg University and an LL.M. 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. Co-Founder, Chief Operating Officer & Chief Technology Officer. TeraWulf Retweeted. in accounting from the University of Florida. I said that I was right alongside you as a shareholder and that I would continue to invest personally in TeraWulf. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. He earned a B.A. 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. 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. 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. If you experience any issues with this process, please contact us for further assistance. 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 . He holds a B.S. He was an original Partner of GSO and a member of its Management Committee and Investment Committee. He received his BSBA in economics from theUniversity of Arizona. Dear Shareholders, It has been four weeks since I shared my reflections on TeraWulf's achievements in 2022 and stated goals for 2023. Thank you to all our investors, partners, and fellow WULFpack members for working with us to build the leading mining company. 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. Prior to NovaWulf, Mr. New was the Head of Onex Credit, a leading asset manager with more than $23 billion of assets under management. ESG is at the core of TeraWulfs corporate strategy and ties directly to its business success, risk mitigation, and reputational value. I believe that is more than any leadership team in the sector and underscores our confidence in WULFs mission and what we are building. 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. "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 . Our industrial-scale mining facilities in New York and Pennsylvania will mine Bitcoin using cost-effective, zero-carbon energy.