Meltem Demirors, Chief Strategy Officer . Mr. Pincus brings substantial risk management, financial oversight and operational expertise to the board of directors. 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 About 11,500 are proprietary miners with a hash rate capacity of approximately 1.4 EH/s. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. In addition, TeraWulf Inc. saw -0.84% in overturn over a single year, with a tendency to cut further losses. from Boston University and is admitted to practice law in New York and Germany. TeraWulf Retweeted. An Open Letter to Shareholders from TeraWulf Chairman and CEO Paul Prager. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. Mr. Khan received a B.S. Previously, Mr. New was a senior member of the Distressed Finance Group at Credit Suisse and Donaldson, Lufkin and Jenrette. Ms. Motz graduated summa cum laude fromDartmouth Collegewith a B.A. "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.". 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. 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. 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. fromYale Universityand J.D. The company was founded on February 8, 2021 and is headquartered in Easton, MD. Our industrial-scale mining facilities in New York and Pennsylvania will mine Bitcoin using cost-effective, zero-carbon energy. 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, Chairman & Chief Executive Officer of TeraWulf, said, "TeraWulf represents an exciting new paradigm for cryptocurrency mining, which is built on a significant strategic. "Everyone I talk to now is talking about carbon neutrality," said Paul Prager, the CEO of TeraWulf. 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. Terawulf (NASDAQ: WULF) is owned by 9.57% institutional shareholders, 79.43% Terawulf insiders, and 11.00% retail investors. 2022 Terawulf. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. He earned a B.A. 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. Stefanie Fleischmann is General Counsel & Secretary of TeraWulf Inc., where she oversees all legal and compliance matters for the company. Deployed fleet of 18,000 miners exceeding hash rate . Energy Intensive Bitcoin Mining: Can the Use of Renewables Answer Critics of Cryptocurrency? Since the Storms departure, New York market prices have corrected to pre-December levels. 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. And in that short period, our team has accomplished key milestones that we believe will be foundational in achieving our . Per saperne di pi su come utilizziamo i tuoi dati personali, consulta la nostra Informativa sulla privacy e la nostra Informativa sui cookie. Fifth Amendment to Loan Agreement. 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. Paul Prager, CEO and Founder of bitcoin mining company TeraWulf, on how they are generating environmentally sustainable bitcoin and crypto mining practices. 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. Ms. Prager brings broad legal, compliance, and regulatory expertise to the TeraWulf board of directors. TeraWulf Announces Closing of $28 Million Underwritten Equity Offering and Over-Allotment Option. Your trust and confidence in TeraWulf have helped us build a remarkable company. Your trust and confidence in TeraWulf have helped us build a remarkable company. 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 . By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. 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. 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. . One member, TeraWulf, has pledged to run cryptocurrency mines using more than 90 percent zero-carbon energy. 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, 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 . Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. 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. New brings to the board of directors a wealth of experience in complex financial structuring and optimization in a public company setting. "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 . The Company operates approximately 18,000 Bitcoin miners with a hash rate capacity over 2.0 EH/s at its Lake Mariner facility. 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. Co-Founder, Chairman & Chief Executive Officer. | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. All Rights Reserved. Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. Mr. Harrison brings decades of experience in financial and marketing communications, equity research, financial analysis, and strategic planning. 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. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. Shares of TeraWulf (WULF), an environmentally minded bitcoin miner, plunged almost 30% in their first day of trading on Tuesday. 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. Self-mined 157 Bitcoin in January 2023, a >25% increase over December 2022. I believe that is more than any leadership team in the sector and underscores our confidence in WULFs mission and what we are building. August 11th, 2021, 2:00 PM PDT. He began his career at AIG and held senior roles at both Johnson & Higgins and Aon. Most recently, Ms. Langlais was an executive at Beowulf Energy LLC, a leading private energy infrastructure company, where she led the companys M&A and financing efforts. With over 40 years of experience, Mr. Pincus has extensive experience in the energy and high-tech sectors. Ms. Fleischmann holds a J.D. 1 public school ranking by Forbes and expanded academic opportunity and diversity. | Privacy Policy. Mr. Fleury brings 22 years of finance experience, comprising of capital markets, principal investing, and advisory roles. 410-770-9500 (Name, Address and Telephone Number of Person . Finally, as you consider investing in the space, look at our public disclosures. Chairman of the Board, Chief Executive Officer, Co-Founder . As further evidence of my conviction, I have not sold a share, directly or indirectly. Mr. Fleury brings 22 years of finance experience, comprising of capital markets, principal investing, and advisory roles. February 2023 Dear Shareholders, It has been four weeks since I shared my reflections on TeraWulf's achievements in 2022 and stated goals for 2023. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. New Executive Interview with TeraWulf CTO and COO Nazar Khan. TeraWulf is an infrastructure-focused bitcoin mining company accelerating the transition to a zero-carbon future. Previous to this role, Mr. Bucella led the Institutional Global Equities business, also in Canada. Dear Shareholders, It has been four weeks since I shared my reflections on TeraWulf's achievements in 2022 and stated goals for 2023. He was an original Partner of GSO and a member of its Management Committee and Investment Committee. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Paul Prager is the Chief Executive Officer and the chair of the board of directors of TeraWulf. from the University of Pennsylvania. For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. TeraWulf Announces Proposed Public Offering of Common Stock . in history and earned a J.D. 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. She also served as Deputy Legal Counsel to Governor O'Malley and as the Interim Director of the Governor's Office for Children. For the avoidance of doubt, I did not sell 12 million shares. Fleet of deployed miners reached approximately 18,000 with a hash rate capacity over 2.0 EH/s. Ms. Motz also taught as an adjunct professor at theUniversity of Maryland School of Law. San Juan, Puerto Rico 00901 . 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. and a B.A. In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. We are prepared to demonstrate the importance of what we do and how we do it. Mr. Khan received a B.S. This past year was a transformational year for TeraWulf and the crypto industry at large. | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. April 22, 2022, 4:20 PM. Mr. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. 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). Paul B. Prager's Terawulf shares are currently valued at $15.81M. You can sign up for additional alert options at any time. 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. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. If you experience any issues with this process, please contact us for further assistance. 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 Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. 2022 Terawulf. You could say it all started with a bundt cake. from Boston University and is admitted to practice law in New York and Germany. 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. 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. Bitcoin Miami - LIVE Panel with TeraWulf CEO Paul Prager - TeraWulf Inc. And if you dont want to invest in a bitcoin mining company, call us. 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. "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. 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 Prager is the Chairman, Co-Founder & CEO at TeraWulf. Most recently, he ran the Multi-Asset Sales & Trading business in Canada and led efforts to expand this strategy globally. 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. TeraWulf Announces Closing of $28 Million Underwritten Equity Offering and Over-Allotment Option. If you want to invest in a bitcoin mining company, come to TeraWulf. He is also part of the global Corporate Risk and Broking leadership team. 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. 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. Last month, I highlighted the industry-leading investment level our executive team has made in the Company and the commitment it demonstrates. 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. Read our most recent investor deck here. Mining Disrupt Conference July 25-27, 2023 Miami . Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. Company profile for TeraWulf Inc. including key executives, insider trading, ownership, revenue and average growth rates. . ESG is at the core of TeraWulfs corporate strategy and ties directly to its business success, risk mitigation, and reputational value. Green bitcoin miner TeraWulf going public via reverse merger. Mr. Khan received a B.S. 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. Farrell has over 12 years of energy experience in renewables, grid optimization, digitalization and storage cross-business solutions. 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. Co-Founder, and Chief Executive Officer of TeraWulf Inc. and M.S. He holds a B.S. "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 . Marathon Patent Group Company Contact: Jason Assad Telephone: 678-570-6791 It is led by energy entrepreneur Paul Prager and a seasoned team with many leadership positions held by women, including Chief Strategy . 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. Before joining Semtech, Mr. Harrison held analyst positions with increasing levels of responsibility at Wunderlich Securities, Signal Hill Capital Group and Pacific Growth Equities. Together, for more . Paul Prager is the Chairman of the 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. February 2023 Dear Shareholders, . 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. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. Paul B Prager owns about 31,534,679 units of Terawulf Inc common stock. Our corporate governance framework promotes accountability, transparency, and effective decision making to ensure the long-term success of the business. 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 Prager Co-Founder, Chairman & Chief Executive Officer Paul Prager is the Co-Founder, Chairman of the Board, and Chief Executive Officer of TeraWulf Inc. Despite weather-related price volatility in December, the Company projects an average cost of power of approximately $0.035/kWh across its two sites. 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 . Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Paul Prager is the Co-Founder, Chairman of the Board, and Chief Executive Officer of TeraWulf Inc. in Industrial Psychology & History from Washington & Lee University. All Rights Reserved. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Location New York, New York, United States. 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 . Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. . Read More WULF Stock News Headlines Mr. Farrell holds a B.S. 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.. . LinkedIn View on LinkedIn. TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining facilities in the United States. He earned a BS in Finance, Economics & Accounting from Fordham University. You must click the activation link in order to complete your subscription. Regions Greater New York Area, East Coast, Northeastern US. 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. What differentiates TeraWulf is that we own and operate our facilities, control our power supply and utilize 91%+ zero-carbon energy sources.. 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. 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. Co-Founder, and Chief Executive Officer of TeraWulf Inc. Naval Academy, his alma matter. in Industrial Psychology & History from Washington & Lee University. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Paul Prager, TeraWulf CEO and Founder, discusses crypto regulation and green mining. 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. New Executive Interview with TeraWulf CTO and COO Nazar Khan. A Peek Into the Origins of TeraWulf and Our Up-and-Coming Nuclear Facility. Mr. Farrell has over 12 years of energy experience in renewables, grid optimization, digitalization and storage cross-business solutions. Co-Founder, Chief Operating Officer & Chief Technology 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. Mr. Fleury began his career in the Global Energy & Power Investment Banking Group at Banc of America Securities, LLC. "Everyone I talk to now is talking about carbon neutrality," said Paul Prager . Co-Founder, Chairman & Chief Executive Officer, Co-Founder, Chief Operating Officer & Chief Technology Officer. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. Today, I write in gratitude: proud of our accomplishments, inspired by our extraordinary employees, and confident in our strategy. There can be no assurance that future developments will be those that have been anticipated. and a B.A. 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. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. The Company maintains its estimated average power cost of approximately $0.035/kWh across its portfolio. She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. TeraWulf cofounder and CEO Paul Prager joins us to talk about his experience building a vertically-integrated, zero carbon Bitcoin miner. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. En el noreste de Pensilvania, un singular Bitcoin experimento minero est a punto de entrar en lnea.. Llamado Nautilus, Terawulf est girando un instalacin minera de propulsin nuclear.. Nombre anunci en 2021, Terawulf dijo que cuando Nautilus est a plena capacidad ms adelante en el primer trimestre de este ao, la flota de 1 15,000 equipos de minera de la instalacin tendr . from Yale Law School. from the University of Pennsylvania. All Rights Reserved. Mr. Harrison brings decades of experience in financial and marketing communications, equity research, financial analysis, and strategic planning. 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.