410-770-9500 (Name, Address and Telephone Number of Person . TeraWulf Announces January 2023 Production and Operations Updates. in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder. 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 . Paul Prager is the Co-Founder and Chief Executive Officer of TeraWulf Inc, and the Chairman of the Board of Directors. in accounting from the University of Florida. Meltem Demirors, Chief Strategy Officer . 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). Mr. Khan received a B.S. Paul Prager, CEO and Founder of bitcoin mining company TeraWulf, on how they are generating environmentally sustainable bitcoin and crypto mining practices. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. TeraWulf Announces Closing of $28 Million Underwritten Equity Offering and Over-Allotment Option. Marathon Patent Group Company Contact: Jason Assad Telephone: 678-570-6791 If you want to invest in a bitcoin mining company, come to TeraWulf. Finally, as you consider investing in the space, look at our public disclosures. He began his career at AIG and held senior roles at Johnson & Higgins and Aon. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. An Open Letter to Shareholders from TeraWulf Chairman and CEO Paul Prager. . For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. in Industrial Psychology & History from Washington & Lee University. Nous, Yahoo, faisons partie de la famille de marques Yahoo. 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. Power volatility in 2022 underscored the importance of power contracts. from Boston University and is admitted to practice law in New York and Germany. After submitting your request, you will receive an activation email to the requested email address. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the Companys filings with the SEC, which are available at www.sec.gov. TeraWulf Announces Closing of $28 Million Underwritten Equity Offering and Over-Allotment Option. 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. He holds a B.S. 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 . | Privacy Policy. Our operations team effectively maintained our mining operations and deployed additional miners at Lake Mariner during one of the harshest weather events to hit the region, while also supporting the grid during periods of extreme stress," stated Paul Prager, Co-founder and Chief Executive Officer of TeraWulf. 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. TeraWulf Retweeted. Yahoo fa parte della famiglia di brand di Yahoo. Mr. Khan received a B.S. Authorized to Receive Notices and Communications) January 30, 2023 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. Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. from the University of Pennsylvania. August 11th, 2021, 2:00 PM PDT. Successfully navigated extreme operating conditions during Winter Storm Elliot (the "Storm"), quickly returning to full output at the Storms close. 3. from Heidelberg University and an LL.M. 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 . 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"). Chairman of the Board, Chief Executive Officer, Co-Founder . TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. You must click the activation link in order to complete your subscription. 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. ESG is at the core of TeraWulfs corporate strategy and ties directly to its business success, risk mitigation, and reputational value. You can sign up for additional alert options at any time. Paul Prager @PaulBPrager . 1 December 2022 results are based on estimated power costs, which remain subject to standard month end adjustments. The Company operates approximately 18,000 Bitcoin miners with a hash rate capacity over 2.0 EH/s at its Lake Mariner facility. This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. Prior to joining Beowulf, Ms. Fleischmann was a Senior Associate in the Mergers and Acquisitions Group at Paul, Weiss, Rifkind, Wharton & Garrison LLP, where she worked on a wide range of private and public M&A, joint venture, cross-border and financing transactions. Paul Prager is the Co-Founder, Chairman and CEO of TeraWulf Inc., a leading clean energy digital asset company. This past year, our management team invested over $15 million of our personal capital in the Company. TeraWulf cofounder and CEO Paul Prager joins us to talk about his experience building a vertically-integrated, zero carbon Bitcoin miner. For the avoidance of doubt, I did not sell 12 million shares. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. Insider Trading. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Because our confidence in TeraWulf is stronger than ever as we build upon, and begin to realize, our distinguishing advantages. Before that, he was a Managing Director at Blackstones global credit platform, GSO Capital Partners. 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. from WesternNew England UniversitySchool of Law. Stefanie Fleischmann is Chief Legal Officer and Corporate Secretary of TeraWulf Inc., where she oversees all legal and compliance matters for the company. Since the Storms departure, New York market prices have corrected to pre-December levels. Location New York, New York, United States. 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. In addition, TeraWulf Inc. saw -0.84% in overturn over a single year, with a tendency to cut further losses. from Yale Law School. 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 is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. "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 . 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. All Rights Reserved. April 22, 2022, 4:20 PM. | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. 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 Prager Co-Founder, Chairman & Chief Executive Officer Paul Prager is the Co-Founder, Chairman of the Board, and Chief Executive Officer of TeraWulf Inc. Previous to this role, Mr. Bucella led the Institutional Global Equities business, also in Canada. What is Paul B. LinkedIn View on LinkedIn. Most recently, he ran the Multi-Asset Sales & Trading business in Canada and led efforts to expand this strategy globally. She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, 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. Read our most recent investor deck here. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. After submitting your request, you will receive an activation email to the requested email address. 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. She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. One member, TeraWulf, has pledged to run cryptocurrency mines using more than 90 percent 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. 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. "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. Prior to BlockTower, Mr. Bucella spent nearly a decade with Goldman Sachs in a variety of roles. Today, I write in gratitude: proud of our accomplishments, inspired by our extraordinary employees, and confident in our strategy. Shares of TeraWulf (WULF), an environmentally minded bitcoin miner, plunged almost 30% in their first day of trading on Tuesday. Regions Greater New York Area, East Coast, Northeastern US. . 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. And if you dont want to invest in a bitcoin mining company, call us. He earned a B.A. Thank you to all our investors, partners, and fellow WULFpack members for working with us to build the leading mining company. Gender Male. 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. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. 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 Inc. (Name of Issuer) Common stock, par value $0.001 per share (Title of Class of Securities) 88080T 104 (CUSIP Number) Bayshore Capital LLC . Mr. Deane brings more than 20 years of financial and operational experience in the power, high tech and public accounting sectors. 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 . Your trust and confidence in TeraWulf have helped us build a remarkable company. Mr. Farrell holds a B.S. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. and a B.A. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. 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. in accounting from the University of Florida. The Company is scheduled to receive over 18,000 additional miners from Bitmain over the coming months. Before that, he was a Managing Director at Blackstones global credit platform, GSO Capital Partners. 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 .
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