Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. TeraWulf's Prager on cryptocurrency market. 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. Location New York, New York, United States. dvelopper et amliorer nos produits et services. This has been our business for over 30 years. With over 40 years of experience, Mr. Pincus has extensive experience in the energy and high-tech sectors. 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. 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. 1 Source: Cambridge Bitcoin Electricity Consumption Index (CBECI) (ccaf.io). Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. In addition, TeraWulf Inc. saw -0.84% in overturn over a single year, with a tendency to cut further losses. Before joining Semtech, Mr. Harrison held analyst positions with increasing levels of responsibility at Wunderlich Securities, Signal Hill Capital Group and Pacific Growth Equities. from the University of Pennsylvania. With a core focus on ESG that ties directly to its business success, TeraWulf expects to offer attractive mining economics at an industrial scale. Se non vuoi che noi e i nostri partner utilizziamo i cookie e i dati personali per questi scopi aggiuntivi, clicca su "Rifiuta tutto". "TeraWulf 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 . in accounting from the University of Florida. I also want to address the confusion out there regarding the perceived sale of stock. Paul Prager is the Chairman of the Board of Directors. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. in Industrial Psychology & History from Washington & Lee University. He received his BSBA in economics from theUniversity of Arizona. 410-770-9500 (Name, Address and Telephone Number of Person . Ms. Langlais received her BA in Finance and graduated with honors from Boston College. Paul Prager, CEO and Founder of bitcoin mining company TeraWulf, on how they are generating environmentally sustainable bitcoin and crypto mining practices. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. All Rights Reserved. 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. 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. You could say it all started with a bundt cake. . 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. 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 . You must click the activation link in order to complete your subscription. We are prepared to demonstrate the importance of what we do and how we do it. in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder. Importantly, I want to thank our loyal investors and fellow WULFpack members for sticking with us through an unimaginably challenging year. in history and earned a J.D. Her distinguished career in both nonprofit and government will help TeraWulf execute on its strategy of sustainable growth and community impact. 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 . 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 . 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. | Privacy Policy. I said that I was right alongside you as a shareholder and that I would continue to invest personally in TeraWulf. Co-Founder, Chairman & Chief Executive Officer, Co-Founder, Chief Operating Officer & Chief Technology Officer. 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. 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. The Company is scheduled to receive over 18,000 additional miners from Bitmain over the coming months. Entry into a Material Definitive Agreement. TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining facilities in the United States. TeraWulf Announces Proposed Public Offering of Common Stock . TeraWulf. 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. An Open Letter to Shareholders from TeraWulf Chairman and CEO Paul Prager. Co-Founder, and Chief Executive Officer of TeraWulf Inc. She later served as a Deputy Attorney General for theDistrict of Columbiagovernment, representing the city's child welfare and mental health agencies. 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. 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. 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. Khan received a B.S. 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. TeraWulf Announces January 2023 Production and Operations Updates. Chairman of the Board, Chief Executive Officer, Co-Founder . For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. 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. from Heidelberg University and an LL.M. Item 1.01. 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. If you experience any issues with this process, please contact us for further assistance. New Executive Interview with TeraWulf CTO and COO Nazar Khan. The upcoming deliveries will fill the Companys 160 MW of mining capacity available in early Q2 2023 with 34,000 miners (110 MW) at its Lake Mariner facility and 15,000 miners (50 MW) at its Nautilus facility. All Rights Reserved. from Boston University and is admitted to practice law in New York and Germany. Company profile for TeraWulf Inc. including key executives, insider trading, ownership, revenue and average growth rates. from Yale Law School. Thats right, we bought at market while this transformational equity raise came at a modest discount to the market. Mr. Fleury brings 22 years of finance experience, comprising of capital markets, principal investing, and advisory roles. Authorized to Receive Notices and Communications) January 30, 2023 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 and Chief Executive Officer of TeraWulf Inc, and the Chairman of the Board of Directors. Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. 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. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Terawulf met en place une usine minire alimente par l'nergie nuclaire appele Nautilus. Before that, he was a Managing Director at Blackstones global credit platform, GSO Capital Partners. I believe that is more than any leadership team in the sector and underscores our confidence in WULFs mission and what we are building. As further evidence of my conviction, I have not sold a share, directly or indirectly. San Juan, Puerto Rico 00901 . TeraWulf will generate domestically produced bitcoin powered by nuclear, hydro and solar energy. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. 2022 Terawulf. Power volatility in 2022 underscored the importance of power contracts. Despite the turbulent backdrop, we remained steadfastly focused on building a scalable, vertically integrated Bitcoin mining company that uses low-cost, 91%+ zero-carbon energy. Proprietary mining produced 125 Bitcoin in December 22, pushing Q4 22 total to 378 Bitcoin, reflecting a more than 220% increase over the Bitcoin produced in Q3 22, Total fleet of deployed miners reached 18,000 with over 2.0 EH/s of hash rate as of December 31, 2022, On track to bring additional 15,000 miners online at Nautilus Cryptomine in Q1 2023. 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 Economics from Allegheny College and a J.D. Cassie Motz is the Executive Director of the CollegeBound Foundation inBaltimore. 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. Mr. Deane brings more than 20 years of financial and operational experience in the power, high tech and public accounting sectors. We have said all along the amount of monies required to achieve free cash flow positive operations, and we have now reached that important milestone. 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. He holds a B.S. 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. These warrants will convert back to common stock without any price differential. TeraWulf Retweeted. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. A Peek Into the Origins of TeraWulf and Our Up-and-Coming Nuclear Facility. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. Mr. Fleury brings 22 years of finance experience, comprising of capital markets, principal investing, and advisory roles. Co-Founder, and Chief Executive Officer of TeraWulf Inc. Twitter View on Twitter. One member, TeraWulf, has pledged to run cryptocurrency mines using more than 90 percent zero-carbon energy. By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. Per saperne di pi su come utilizziamo i tuoi dati personali, consulta la nostra Informativa sulla privacy e la nostra Informativa sui cookie. TeraWulfs business is conducted by its employees and executive officers with oversight from a distinguished and diversified board of directors. 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. Paul Prager is the Chairman, Co-Founder & CEO at TeraWulf. 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. Energy Intensive Bitcoin Mining: Can the Use of Renewables Answer Critics of Cryptocurrency? "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. 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. Paul B. Prager is the largest individual Terawulf shareholder, owning 25.05M shares representing 19.52% of the company. 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. . Fifth Amendment to Loan Agreement. Prior to BlockTower, Mr. Bucella spent nearly a decade with Goldman Sachs in a variety of roles. If you experience any issues with this process, please contact us for further assistance. Lisa Pragerserves as General Counsel and Executive Vice President of the Agricultural Bank ofChinaNew YorkBranch. Power volatility in 2022 underscored the importance of power contracts. In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. TeraWulf cofounder and CEO Paul Prager joins us to talk about his experience building a vertically-integrated, zero carbon Bitcoin miner. 1. Your trust and confidence in TeraWulf have helped us build a remarkable company. 2022 Terawulf. 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. Most recently, Mr. Deane was an executive with Heorot Power Holdings LLC, an owner and operator of power generation assets. During December 2022, the Company received approximately 4,500 miners and an additional 3,750 miners were delivered during the first week of January 2023 from Bitmain Technologies Limited ("Bitmain"). 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. Mr. Khan received a B.S. Successfully navigated extreme operating conditions during Winter Storm Elliot (the "Storm"), quickly returning to full output at the Storms close. Paul Prager "TeraWulf " BTC TeraWulf 100% BTC Feb 2 2023. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. 4. Jason New is the Co-Founder and Managing Partner of NovaWulf Digital Management, an institutionally focused digital asset infrastructure investment firm. 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. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. from WesternNew England UniversitySchool of Law. Why? 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. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. Paul Prager is the Co-Founder and Chief Executive Officer of TeraWulf Inc, and the Chairman of the Board of Directors. 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. The Company maintains its estimated average power cost of approximately $0.035/kWh across its portfolio. You must click the activation link in order to complete your subscription. 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. Dear Shareholders, It has been four weeks since I shared my reflections on TeraWulf's achievements in 2022 and stated goals for 2023. 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. 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. and a B.A. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. After submitting your request, you will receive an activation email to the requested email address. 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. 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 placement at a market price of $1.05 per share (the last reported sale price of the Company's common stock on the Nasdaq on January 26, 2023). Press Releases. 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 . Before joining Semtech, Mr. Harrison held analyst positions with increasing levels of responsibility at Wunderlich Securities, Signal Hill Capital Group and Pacific Growth Equities. Ms. Fleischmann holds a J.D. 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.. "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.". 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. 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. | Privacy Policy, TeraWulf Announces Closing of $28 Million Underwritten Equity Offering and Over-Allotment Option, TeraWulfs Nuclear Bitcoin Plant Is Just One Piece of the Green Mining Puzzle, TeraWulf Announces January 2023 Production and Operations Updates, TeraWulf Issues an Open Letter to Shareholders from Chairman and CEO, TeraWulf Announces Beneficial Debt Modifications and Approximately $32 Million of New Equity Proceeds, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, TeraWulf Announces Proposed Public Offering of Common Stock, First Nuclear-Powered Bitcoin Mine in US Opening in 2023, Americas first nuclear-powered Bitcoin mining center to open in Pennsylvania. Since the Storms departure, New York market prices have corrected to pre-December levels. Read our most recent investor deck here. Most recently, Mr. Carter served as Superintendent of theU.S. . 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. Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. In the last 2 years at Terawulf Inc, Paul B Prager has sold an estimated value of $0 worth. 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 B Prager owns about 31,534,679 units of Terawulf Inc common stock. Mr. Fleury began his career in the Global Energy & Power Investment Banking Group at Banc of America Securities, LLC. You must click the activation link in order to complete your subscription. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. 1 December 2022 results are based on estimated power costs, which remain subject to standard month end adjustments. 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). This is HUGE. from Duke University School of Law. . Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. New Executive Interview with TeraWulf CTO and COO Nazar Khan. She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. LinkedIn View on LinkedIn. Mr. Bucella brings to the board of directors extensive capital markets experience, institutional knowledge, and deep experience in the digital asset space. TeraWulf Inc. WULF ("TeraWulf" or the . in accounting from the University of Florida. Our priority continues to be reducing costs and deploying those resources towards the Companys path to positive cash flow from operations in 2023. Compare what we share: the breadth and depth of real data, with unbridled transparency, in a timely way. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity . 53 Palmeras Street, Suite 601 . ESG is at the core of TeraWulfs corporate strategy and ties directly to its business success, risk mitigation, and reputational value. Thank you to all our investors, partners, and fellow WULFpack members for working with us to build the leading mining company. 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. February 2023 Dear Shareholders, . Stefanie Fleischmann is Chief Legal Officer and Corporate Secretary of TeraWulf Inc., where she oversees all legal and compliance matters for the company. TeraWulf Co-Founder, CEO & Chair of the Board Paul Prager joins Yahoo Finance Live to talk about zero carbon mining for bitcoin and other cryptocurrencies, outlook on . 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 . 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. Paul Prager is the Chairman of the Board of Directors. Also Known As Paul B. Prager. Before that, he was a Managing Director at Blackstones global credit platform, GSO Capital Partners. Nazar Khan is the Co-Founder, Chief Operating Officer, Chief Technology Officer, and Board Member of TeraWulf Inc. Mr. Khan brings tremendous experience in energy infrastructure and cryptocurrency mining and has led TeraWulfs business strategy since day one. 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.. 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. 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. After submitting your request, you will receive an activation email to the requested email address. February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager . Nazar Khan is the Co-Founder, Chief Operating Officer, Chief Technology Officer, and Board Member of TeraWulf Inc. Mr. Khan brings tremendous experience in energy infrastructure and cryptocurrency mining and has led TeraWulfs business strategy since day one.