Regions Greater New York Area, East Coast, Northeastern US. Fifth Amendment to Loan Agreement. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Mr. Deane brings more than 20 years of financial and operational experience in the power, high tech and public accounting sectors. Stefanie Fleischmann is Chief Legal Officer and Corporate Secretary of TeraWulf Inc., where she oversees all legal and compliance matters for the company. 4. 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. Ikonics (NASDAQ:IKNX) investors will receive $5 in cash and one share in the new company for each share . Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. You could say it all started with a bundt cake. from the University of Pennsylvania. Mr. Harrison brings decades of experience in financial and marketing communications, equity research, financial analysis, and strategic planning. He holds a B.S. About 11,500 are proprietary miners with a hash rate capacity of approximately 1.4 EH/s. from Heidelberg University and an LL.M. 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. from Heidelberg University and an LL.M. Forward-looking statements are based on the current expectations and beliefs of TeraWulfs management and are inherently subject to a number of factors, risks, uncertainties and assumptions and their potential effects. April 22, 2022, 4:20 PM. Attended United States Naval Academy. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. Today, I write in gratitude:. While there has been significant progress this year, much more remains to be done. 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. 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. Paul Prager is the Co-Founder, Chairman and CEO of TeraWulf Inc., a leading clean energy digital asset company. 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. 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. mesurer votre utilisation de nos sites et applications. Jason New is the Co-Founder and Managing Partner of NovaWulf Digital Management, an institutionally focused digital asset infrastructure investment firm. 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. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. We will remain laser-focused on scaling mining operations at our existing sites while opportunistically pursuing strategic opportunities in a financially responsible manner. 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. Feb 2 2023. Shares of TeraWulf (WULF), an environmentally minded bitcoin miner, plunged almost 30% in their first day of trading on Tuesday. For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. Mr. Farrell has over 12 years of energy experience in renewables, grid optimization, digitalization and storage cross-business solutions. 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. 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. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. Mr. Prager has also founded and has been the President of Beowulf Energy LLC and its. Paul Prager, CEO and Founder of bitcoin mining company TeraWulf, on how they are generating environmentally sustainable bitcoin and crypto mining practices. TeraWulf Announces January 2023 Production and Operations Updates. Co-Founder, and Chief Executive Officer of TeraWulf Inc. In addition, TeraWulf Inc. saw -0.84% in overturn over a single year, with a tendency to cut further losses. in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder. Your trust and confidence in TeraWulf have helped us build a remarkable company. in accounting from the University of Florida. 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. 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. LinkedIn View on LinkedIn. 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. All Rights Reserved. August 11th, 2021, 2:00 PM PDT. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. Paul Prager "TeraWulf " BTC TeraWulf 100% BTC This past year was a transformational year for TeraWulf and the crypto industry at large. You can sign up for additional alert options at any time. An Open Letter to Shareholders from TeraWulf Chairman and CEO Paul Prager. Per saperne di pi su come utilizziamo i tuoi dati personali, consulta la nostra Informativa sulla privacy e la nostra Informativa sui cookie. "Everyone I talk to now is talking about carbon neutrality," said Paul Prager, the CEO of TeraWulf. 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. 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. 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. All Rights Reserved. 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. Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. 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. Naval Academyreached the No. 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.. 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. Ms. Prager brings broad legal, compliance, and regulatory expertise to the TeraWulf board of directors. | Privacy Policy. 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. 3. 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. February 2023 Dear Shareholders, . Energy Intensive Bitcoin Mining: Can the Use of Renewables Answer Critics of Cryptocurrency? from Boston University and is admitted to practice law in New York and Germany. Energy Intensive Bitcoin Mining: Can the Use of Renewables Answer Critics of Cryptocurrency. Puoi modificare le tue scelte in qualsiasi momento cliccando sui link "Dashboard privacy" sui nostri siti e sulle nostre app. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. Mr. 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. Our best days are ahead of us. dvelopper et amliorer nos produits et services. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. Mr. Farrell holds a B.S. San Juan, Puerto Rico 00901 . Paul Prager. The Company maintains its estimated average power cost of approximately $0.035/kWh across its portfolio. And in that short period, our team has accomplished key milestones that we believe will be foundational in achieving our . Reports are indicating that there were more than several insider trading activities at WULF starting from Prager Paul B., who purchase 317,259 shares at the price of $7.88 back on Apr 11. Mr. Fleury began his career in the Global Energy & Power Investment Banking Group at Banc of America Securities, LLC. 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 . I exchanged shares for warrants to free up available authorized common stock, ahead of our shareholder meeting later this month, to increase the Companys authorized common shares. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. Most recently, Mr. Deane was an executive with Heorot Power Holdings LLC, an owner and operator of power generation assets. It has been four weeks since I shared my reflections on TeraWulfs achievements in 2022 and stated goals for 2023. Why? You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. Mr. Farrell holds a B.S. 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 B. Prager Chairman and Chief Executive Officer TeraWulf Inc. He was an original Partner of GSO and a member of its Management Committee and Investment Committee. Mr. Khan received a B.S. in Economics from Allegheny College and a J.D. Successfully navigated extreme operating conditions during Winter Storm Elliot (the "Storm"), quickly returning to full output at the Storms close. from Yale Law School. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. 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. Terawulf met en place une usine minire alimente par l'nergie nuclaire appele Nautilus. from Duke University School of Law. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. Paul Prager, chairman and CEO of TeraWulf, will hold the same positions in the new company. 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 . The company was founded on February 8, 2021 and is headquartered in Easton, MD. 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. Chairman of the Board, Chief Executive Officer, Co-Founder . He speaks with Guy Johnson and Alix . Our corporate governance framework promotes accountability, transparency, and effective decision making to ensure the long-term success of the business. 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. 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 (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining facilities in the United States. An Open Letter to Shareholders from TeraWulf Chairman and CEO Paul Prager. It is led by energy entrepreneur Paul Prager and a seasoned team with many leadership positions held by women, including Chief Strategy . and a B.A. and M.S. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity . 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. from the University of Pennsylvania. Paul Prager, Chairman & Chief Executive Officer of TeraWulf, said, "We are thrilled to join the Bitcoin Mining Council and are honored to support sustainable bitcoin mining. Paul B. Prager is the largest individual Terawulf shareholder, owning 25.05M shares representing 19.52% of the company. 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"). Co-Founder, Chairman & Chief Executive Officer. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. Prior to joining the bank, Ms. Prager was a partner in law firms where she focused on government investigations. I also want to address the confusion out there regarding the perceived sale of stock. Feb 1 2023. With a core focus on ESG that ties directly to its business success, TeraWulf expects to offer attractive mining economics at an industrial scale. Mr. Fleury brings 22 years of finance experience, comprising of capital markets, principal investing, and advisory roles. He began his career at AIG and held senior roles at Johnson & Higgins and Aon. 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. and a B.A. TeraWulf cofounder and CEO Paul Prager joins us to talk about his experience building a vertically-integrated, zero carbon Bitcoin miner. . Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. Marathon Patent Group Company Contact: Jason Assad Telephone: 678-570-6791 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. For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. He received his BSBA in economics from theUniversity of Arizona. Paul Prager is the Co-Founder and Chief Executive Officer of TeraWulf Inc, and the Chairman of the Board of Directors. 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. in Industrial Psychology & History from Washington & Lee University. 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. Her distinguished career in both nonprofit and government will help TeraWulf execute on its strategy of sustainable growth and community impact. Ms. Fleischmann holds a J.D. What is Paul B. Last month, I highlighted the industry-leading investment level our executive team has made in the Company and the commitment it demonstrates. 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 is the Chairman of the Board of Directors. 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. Se vuoi personalizzare le tue scelte, clicca su "Gestisci le impostazioni per la privacy". Nous, Yahoo, faisons partie de la famille de marques Yahoo. 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). She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. Paul Prager Chief Executive Officer; Director: 1388889: Award at $ 0. . New Executive Interview with TeraWulf CTO and COO Nazar Khan. 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> "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.". Most recently, he ran the Multi-Asset Sales & Trading business in Canada and led efforts to expand this strategy globally. Mr. Deane brings more than 20 years of financial and operational experience in the power, high tech and public accounting sectors. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. Naval Academy, his alma matter. 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. On March 1, 2023 (the "Fifth Amendment Effective Date"), TeraWulf Inc. (the "Company") entered into an amendment (the "Fifth Amendment") to its Loan, Guaranty and Security Agreement, dated as of December 1, 2021 (as amended, modified or supplemented from time to time, the "Loan Agreement"), by and . New Executive Interview with TeraWulf CTO and COO Nazar Khan. In the last 2 years at Terawulf Inc, Paul B Prager has sold an estimated value of $0 worth. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. 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 . Before joining Semtech, Mr. Harrison held analyst positions with increasing levels of responsibility at Wunderlich Securities, Signal Hill Capital Group and Pacific Growth Equities. 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. "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. Previous to this role, Mr. Bucella led the Institutional Global Equities business, also in Canada. With over 40 years of experience, Mr. Pincus has extensive experience in the energy and high-tech sectors. Paul Prager @PaulBPrager . If you want to invest in a bitcoin mining company, come to TeraWulf. Co-Founder, Chairman & Chief Executive Officer, Co-Founder, Chief Operating Officer & Chief Technology Officer. TeraWulf went public after it agreed in June to merge with Ikonics . Mr. Khan received a B.S. Under his leadership, theU.S. Ms. Motz also taught as an adjunct professor at theUniversity of Maryland School of Law. Ms. Motz previously served on the University System ofMaryland BoardofRegentsfromJune 2014throughMarch 2015 and as a Deputy Chief of Staff to Maryland GovernorMartin O'Malley. 22. 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 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. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. 2022 Terawulf. TeraWulf, Inc. owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States. The Nautilus Cryptomine facility, a joint venture with Talen Energy Corporation, is in the initial stages of ramping its mining operations and is expected to provide 50 MW of net mining capacity to TeraWulf in Q1 2023, representing the Companys 25% interest in the joint venture. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. He holds a B.S. Your trust and confidence in TeraWulf have helped us build a remarkable company. 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.
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