New Executive Interview with TeraWulf CTO and COO Nazar Khan. 1 Source: Cambridge Bitcoin Electricity Consumption Index (CBECI) (ccaf.io). Fifth Amendment to Loan Agreement. TeraWulf Announces Beneficial Debt Modifications and Approximately $32 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 . TeraWulf: Zero-Carbon Bitcoin Mining Self-mined 157 Bitcoin in January 2023, a >25% increase over December 2022. February 2023 Dear Shareholders, . Paul Prager is the Chairman of the Board of Directors. Paul Prager (TeraWulf) Building a Zero Carbon Bitcoin Miner TeraWulf CEO Paul Prager - Zero Carbon Bitcoin (Video) - SeekingAlpha Naval Academy, his alma matter. Terawulf (NASDAQ: WULF) is owned by 9.57% institutional shareholders, 79.43% Terawulf insiders, and 11.00% retail investors. Mr. Khan received a B.S. Beowulf is led by its founder, Chairman, and Chief Executive Officer, Paul B. Prager. 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. Twitter View on Twitter. 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. Our industrial-scale mining facilities in New York and Pennsylvania will mine Bitcoin using cost-effective, zero-carbon energy. Prior to BlockTower, Mr. Bucella spent nearly a decade with Goldman Sachs in a variety of roles. Paul Prager Chief Executive Officer; Director: 1388889: Award at $ 0. . from Yale Law School. Mr. Khan received a B.S. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, risks, uncertainties and assumptions, including, among others: (1) conditions in the cryptocurrency mining industry, including fluctuation in the market pricing of Bitcoin and other cryptocurrencies, and the economics of cryptocurrency mining, including as to variables or factors affecting the cost, efficiency and profitability of cryptocurrency mining; (2) competition among the various providers of cryptocurrency mining services; (3) changes in applicable laws, regulations and/or permits affecting TeraWulfs operations or the industries in which it operates, including regulation regarding power generation, cryptocurrency usage and/or cryptocurrency mining; (4) the ability to implement certain business objectives and to timely and cost-effectively execute integrated projects; (5) failure to obtain adequate financing on a timely basis and/or on acceptable terms with regard to growth strategies or operations (6) loss of public confidence in Bitcoin or other cryptocurrencies and the potential for cryptocurrency market manipulation (7) the potential of cybercrime, money-laundering, malware infections and phishing and/or loss and interference as a result of equipment malfunction or break-down, physical disaster, data security breach, computer malfunction or sabotage (and the costs associated with any of the foregoing) (8) the availability, delivery schedule and cost of equipment necessary to maintain and grow the business and operations of TeraWulf, including mining equipment and infrastructure equipment meeting the technical or other specifications required to achieve its growth strategy; (9) employment workforce factors, including the loss of key employees; (10) litigation relating to TeraWulf, RM 101 f/k/a IKONICS Corporation and/or the business combination; (11) the ability to recognize the anticipated objectives and benefits of the business combination; and (12) other risks and uncertainties detailed from time to time in the Companys filings with the Securities and Exchange Commission ("SEC"). Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. 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. "December represented another month of robust growth for 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. 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> Mr. Carter's extensive leadership background brings a strong commitment to corporate ethics, values and business practices to the board of directors. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Thank you to all our investors, partners, and fellow WULFpack members for working with us to build the leading mining company. 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. Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. Bitcoin Miners Want to Recast Themselves as Eco-Friendly This is HUGE. Governance - Board of Directors - Person Details - Terawulf What differentiates TeraWulf is that we own and operate our facilities, control our power supply and utilize 91%+ zero-carbon energy sources.. In doing so, we believe that we will be able to generate increasing cash flow throughout the year, which will give us further financial leverage to scale our mining operations. 1. 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. The Company is scheduled to receive over 18,000 additional miners from Bitmain over the coming months. 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. Today, I write in gratitude: proud of our accomplishments, inspired by our extraordinary employees, and confident in our strategy. August 11th, 2021, 2:00 PM PDT. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. and a B.A. Shares of TeraWulf (WULF), an environmentally minded bitcoin miner, plunged almost 30% in their first day of trading on Tuesday. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. Feb 1 2023. Our corporate governance framework promotes accountability, transparency, and effective decision making to ensure the long-term success of the business. Terawulf Inc (WULF) CEO Paul B. Prager Bought $848,100 of Shares - Yahoo! After submitting your request, you will receive an activation email to the requested email address. She later served as a Deputy Attorney General for theDistrict of Columbiagovernment, representing the city's child welfare and mental health agencies. 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. This past year was a transformational year for TeraWulf and the crypto industry at large. By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. TeraWulf cofounder and CEO Paul Prager joins us to talk about his experience building a vertically-integrated, zero carbon Bitcoin miner. Co-Founder, and Chief Executive Officer of TeraWulf Inc. Bitcoin Miner TeraWulf Raises $200M in Debt and Equity - CoinDesk 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. 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. 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. TeraWulf Issues an Open Letter from Chairman and CEO Mr. Harrison brings decades of experience in financial and marketing communications, equity research, financial analysis, and strategic planning. He began his career at AIG and held senior roles at Johnson & Higgins and Aon. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. Item 1.01. Paul Prager is the Co-Founder, Chairman and CEO of TeraWulf Inc., a leading clean energy digital asset company. Lisa Pragerserves as General Counsel and Executive Vice President of the Agricultural Bank ofChinaNew YorkBranch. We will remain laser-focused on scaling mining operations at our existing sites while opportunistically pursuing strategic opportunities in a financially responsible manner. TeraWulf Announces Closing of Previously Announced $50 Million Add-On Mr. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. I believe that is more than any leadership team in the sector and underscores our confidence in WULFs mission and what we are building. 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 (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining facilities in the United States. Puoi modificare le tue scelte in qualsiasi momento cliccando sui link "Dashboard privacy" sui nostri siti e sulle nostre app. 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. 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 goal of being the preeminent miner producing bitcoin from zero-carbon energy resources at the lowest marginal cost in the sector. April 22, 2022, 4:20 PM. TeraWulf went public after it agreed in June to merge with Ikonics . 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. Paul B. Prager's Terawulf shares are currently valued at $15.81M. An Open Letter to Shareholders from TeraWulf Chairman and CEO Paul Prager. 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. TeraWulf generates domestically produced Bitcoin powered by nuclear, hydro, and solar energy with a goal of utilizing 100% zero-carbon energy. Fleet of deployed miners reached approximately 18,000 with a hash rate capacity over 2.0 EH/s. Paul B. Prager is the largest individual Terawulf shareholder, owning 25.05M shares representing 19.52% of the company. Company profile for TeraWulf Inc. including key executives, insider trading, ownership, revenue and average growth rates. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. He holds a B.S. Previous to this role, Mr. Bucella led the Institutional Global Equities business, also in Canada. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. from Duke University School of Law. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. 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. We are prepared to demonstrate the importance of what we do and how we do it. 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 Ms. Langlais received her BA in Finance and graduated with honors from Boston College. Mr. New brings to the board of directors a wealth of experience in complex financial structuring and optimization in a public company setting. TeraWulf Announces Participation in Upcoming Investor Events - PR Newswire Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. 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 could say it all started with a bundt cake. I also want to address the confusion out there regarding the perceived sale of stock. Power volatility in 2022 underscored the importance of power contracts. She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. This has been our business for over 30 years. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity . in Industrial Psychology & History from Washington & Lee University. We believe these strategic steps will position TeraWulf forlong-term, sustainable growth. If you want to invest in a bitcoin mining company, come to TeraWulf. Ms. Fleischmann holds a J.D. Ms. Motz brings to the board of directors extensive leadership and public policy experience. 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). Prior to joining the bank, Ms. Prager was a partner in law firms where she focused on government investigations. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. TeraWulf Issues an Open Letter from Chairman and CEO You can sign up for additional alert options at any time. 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. LinkedIn View on LinkedIn. 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. Co-Founder, and Chief Executive Officer of TeraWulf Inc. The Company operates approximately 18,000 Bitcoin miners with a hash rate capacity over 2.0 EH/s at its Lake Mariner facility. Attended United States Naval Academy. Co-Founder, Chairman & Chief Executive Officer. Since the Storms departure, New York market prices have corrected to pre-December levels. Most recently, Mr. Carter served as Superintendent of theU.S.