His career as an entrepreneur, executive, developer, and investor has spanned three decades and four continents, with success across a broad range of energy infrastructure projects. . 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. 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. All Rights Reserved. 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. He received his BSBA in economics from theUniversity of Arizona. Your trust and confidence in TeraWulf have helped us build a remarkable 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. Paul Prager, CEO and Founder of bitcoin mining company TeraWulf, on how they are generating environmentally sustainable bitcoin and crypto mining practices. And in that short period, our team has accomplished key milestones that we believe will be foundational in achieving our . Importantly, I want to thank our loyal investors and fellow WULFpack members for sticking with us through an unimaginably challenging year. All Rights Reserved. You must click the activation link in order to complete your subscription. 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. Read our most recent investor deck here. 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. Governance - Board of Directors - TeraWulf Inc. TeraWulf Announces January 2023 Production and Operations Updates 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. "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. Gwyneth Paltrow invests in bitcoin miner TeraWulf | Fox Business Paul B. Prager's Terawulf shares are currently valued at $15.81M. Item 1.01. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. Nous, Yahoo, faisons partie de la famille de marques Yahoo. Prior to BlockTower, Mr. Bucella spent nearly a decade with Goldman Sachs in a variety of roles. Most recently, Mr. Deane was an executive with Heorot Power Holdings LLC, an owner and operator of power generation assets. 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. 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. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. While there has been significant progress this year, much more remains to be done. After submitting your request, you will receive an activation email to the requested email address. The Company is scheduled to receive over 18,000 additional miners from Bitmain over the coming months. Public News Releases - Talen Energy Investors If you experience any issues with this process, please contact us for further assistance. She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. 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 . mesurer votre utilisation de nos sites et applications. 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. Paul Prager is the Chairman, Co-Founder & CEO at TeraWulf. Co-Founder, Chief Operating Officer & Chief Technology Officer. 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. I also want to address the confusion out there regarding the perceived sale of stock. Beowulf is led by its founder, Chairman, and Chief Executive Officer, Paul B. Prager. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. You can sign up for additional alert options at any time. in accounting from the University of Florida. Despite weather-related price volatility in December, the Company projects an average cost of power of approximately $0.035/kWh across its two sites. 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. "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 . Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. Bitcoin Miner TeraWulf to Merge With Nasdaq-Listed Ikonics 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. Most recently, Mr. Carter served as Superintendent of theU.S. I said that I was right alongside you as a shareholder and that I would continue to invest personally in 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. 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 - CEO of TeraWulf Inc. - MD & NY "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 . 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 . 22. "Everyone I talk to now is talking about carbon neutrality," said Paul Prager . TeraWulf generates domestically produced Bitcoin powered by nuclear, hydro, and solar energy with a goal of utilizing 100% zero-carbon energy. Bitcoin mining 'is about energy infrastructure': TeraWulf CEO - Yahoo! Entry into a Material Definitive Agreement. We are prepared to demonstrate the importance of what we do and how we do it. 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. and a B.A. Marathon Patent Group Announces Joint Venture with Beowulf Paul Prager and his family had been flying via helicopter between Manhattan and Easton, Maryland, for many yearsChesapeake Bay retrievers in towsplitting time between their five-bedroom Fifth Avenue co-op perched over the Met and their 250-acre estate on the Miles River, called Maiden Point Farm. 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 is the Co-Founder, Chairman of the Board, and Chief Executive Officer of TeraWulf Inc. Mr. Harrison brings decades of experience in financial and marketing communications, equity research, financial analysis, and strategic 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. TeraWulf Inc. WULF ("TeraWulf" or the . Before joining Semtech, Mr. Harrison held analyst positions with increasing levels of responsibility at Wunderlich Securities, Signal Hill Capital Group and Pacific Growth Equities. It has been four weeks since I shared my reflections on TeraWulfs achievements in 2022 and stated goals for 2023. In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. Today, I write in gratitude:. 1 public school ranking by Forbes and expanded academic opportunity and diversity. TeraWulf Announces Amendments to its Nautilus Joint Venture Agreement 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. Mr. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. 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 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. The Company operates approximately 18,000 Bitcoin miners with a hash rate capacity over 2.0 EH/s at its Lake Mariner facility. Mr. New brings to the board of directors a wealth of experience in complex financial structuring and optimization in a public company setting. 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. TeraWulf's Prager on cryptocurrency market. 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. 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 . If you experience any issues with this process, please contact us for further assistance. 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. Bitcoin Miami - LIVE Panel with TeraWulf CEO Paul Prager - TeraWulf Inc. Paul Prager is the Co-Founder, Chairman and CEO of TeraWulf Inc., a leading clean energy digital asset company. TeraWulf Inc. Raises Approximately $200 Million to Strengthen - Insider | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. He began his career at AIG and held senior roles at both Johnson & Higgins and Aon. 3. 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. 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. Attended United States Naval Academy. TeraWulf Is Attracting A-List Investors For Its Sustainable Bitcoin Finally, as you consider investing in the space, look at our public disclosures. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. New Executive Interview with TeraWulf CTO and COO Nazar Khan. Thank you to all our investors, partners, and fellow WULFpack members for working with us to build the leading mining company. TeraWulf cofounder and CEO Paul Prager joins us to talk about his experience building a vertically-integrated, zero carbon Bitcoin miner. 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. TeraWulf Announces Participation in Upcoming Investor Events - PR Newswire She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. What is Paul B. 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. 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. "December represented another month of robust growth for 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. 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. "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.". 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. Cassie Motz is the Executive Director of the CollegeBound Foundation inBaltimore. WULF: Terawulf Inc - Stock Price, Quote and News - CNBC 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. TeraWulf. For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. Mr. Harrison brings decades of experience in financial and marketing communications, equity research, financial analysis, and strategic planning. Before joining Semtech, Mr. Harrison held analyst positions with increasing levels of responsibility at Wunderlich Securities, Signal Hill Capital Group and Pacific Growth Equities.
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