Paul Prager is the Chairman of the Board of Directors. TeraWulfs business is conducted by its employees and executive officers with oversight from a distinguished and diversified board of directors. | 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. Paul Prager, TeraWulf CEO and Founder, discusses crypto regulation and green mining. If you want to invest in a bitcoin mining company, come to TeraWulf. 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. 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. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. 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. "Everyone I talk to now is talking about carbon neutrality," said Paul Prager, the CEO of TeraWulf. 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. from the University of Pennsylvania. 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 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 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. In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. While there has been significant progress this year, much more remains to be done. Quando utilizzi i nostri siti e le nostre app, noi utilizziamo i. autenticare gli utenti, applicare misure di sicurezza e prevenire spam e abusi; misurare l'utilizzo dei nostri siti e delle nostre app. After submitting your request, you will receive an activation email to the requested email address. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. He holds a B.S. Paul Prager is the Co-Founder, Chairman and CEO of TeraWulf Inc., a leading clean energy digital asset company. 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. 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. 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. 2022 Terawulf. Jason New is the Co-Founder and Managing Partner of NovaWulf Digital Management, an institutionally focused digital asset infrastructure investment firm. 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 . Press Releases. Paul Prager, chairman and CEO of TeraWulf, will hold the same positions in the new company. | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. 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. In addition, TeraWulf Inc. saw -0.84% in overturn over a single year, with a tendency to cut further losses. Ikonics (NASDAQ:IKNX) investors will receive $5 in cash and one share in the new company for each share . 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. 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. Se vuoi personalizzare le tue scelte, clicca su "Gestisci le impostazioni per la privacy". Before that, he was a Managing Director at Blackstones global credit platform, GSO Capital Partners. In the last 2 years at Terawulf Inc, Paul B Prager has sold an estimated value of $0 worth. As part of our recent and likely final capital raise, my co-founder and COO, Nazar Khan, and I purchased an additional $2.5 million of equity at the market price. April 22, 2022, 4:20 PM. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. Ms. Prager received a B.A. One member, TeraWulf, has pledged to run cryptocurrency mines using more than 90 percent zero-carbon energy. TeraWulf Announces Closing of $28 Million Underwritten Equity Offering and Over-Allotment Option. Last month, I highlighted the industry-leading investment level our executive team has made in the Company and the commitment it demonstrates. 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. . Cassie Motz is the Executive Director of the CollegeBound Foundation inBaltimore. Thank you to all our investors, partners, and fellow WULFpack members for working with us to build the leading mining company. And if you dont want to invest in a bitcoin mining company, call us. from Yale Law School. Fifth Amendment to Loan Agreement. 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. TeraWulf, Inc. owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States. Paul Prager is the Co-Founder and Chief Executive Officer of TeraWulf Inc, and the Chairman of the Board of Directors. An Open Letter to Shareholders from TeraWulf Chairman and CEO Paul Prager. Yahoo fa parte della famiglia di brand di Yahoo. 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 . At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. 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. from Heidelberg University and an LL.M. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. Co-Founder, and Chief Executive Officer of TeraWulf Inc. Ms. Fleischmann holds a J.D. Ms. Motz graduated summa cum laude fromDartmouth Collegewith a B.A. Sincerely, Paul Prager Chairman and Chief Executive Officer About TeraWulf TeraWulf (Nasdaq: WULF) owns. Power volatility in 2022 underscored the importance of power contracts. Previously, Mr. New was a senior member of the Distressed Finance Group at Credit Suisse and Donaldson, Lufkin and Jenrette. Read our most recent investor deck here. TeraWulf is an infrastructure-focused bitcoin mining company accelerating the transition to a zero-carbon future. Event Details Bitcoin Miami - LIVE Panel with TeraWulf CEO Paul Prager April 8, 2022 12:45 PM ET Tune into Bitcoin Miami's LIVE Mining Stage stream featuring TeraWulf's CEO, Paul Prager. 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. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. Mr. Farrell holds a B.S. Mr. Fleury brings 22 years of finance experience, comprising of capital markets, principal investing, and advisory roles. Paul Prager @PaulBPrager . Entry into a Material Definitive Agreement. You can sign up for additional alert options at any time. Nous, Yahoo, faisons partie de la famille de marques Yahoo. Thats right, we bought at market while this transformational equity raise came at a modest discount to the market. August 11th, 2021, 2:00 PM PDT. You must click the activation link in order to complete your subscription. 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. 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. . After submitting your request, you will receive an activation email to the requested email address. 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. Paul B Prager owns about 31,534,679 units of Terawulf Inc common stock. 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. Your trust and confidence in TeraWulf have helped us build a remarkable company. Self-mined 157 Bitcoin in January 2023, a >25% increase over December 2022. 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). Marathon Patent Group Company Contact: Jason Assad Telephone: 678-570-6791 "Our ability to secure this new capital, together with the near-term deployment of the S19 XP miners at Lake Mariner, is further indication of TeraWulf's continued momentum," said Paul Prager . "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. Mr. Carter is a Distinguished Flying Cross and Bronze Star recipient. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. TeraWulf. Mr. Pincus brings substantial risk management, financial oversight and operational expertise to the board of directors. There can be no assurance that future developments will be those that have been anticipated. "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 . If you experience any issues with this process, please contact us for further assistance. Because our confidence in TeraWulf is stronger than ever as we build upon, and begin to realize, our distinguishing advantages. 2022 Terawulf. Fleet of deployed miners reached approximately 18,000 with a hash rate capacity over 2.0 EH/s. 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. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. Enter TeraWulf, which believes it has a better way forward. Mr. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. What is Paul B. We will remain laser-focused on scaling mining operations at our existing sites while opportunistically pursuing strategic opportunities in a financially responsible manner. Co-Founder, Chairman & Chief Executive Officer. 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. Mr. Farrell has over 12 years of energy experience in renewables, grid optimization, digitalization and storage cross-business solutions. 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. 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. . in accounting from the University of Florida. Most recently, Mr. Deane was an executive with Heorot Power Holdings LLC, an owner and operator of power generation assets. He is also part of the global Corporate Risk and Broking leadership team. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. 3. She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. And in that short period, our team has accomplished key milestones that we believe will be foundational in achieving our . 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. This is HUGE. All Rights Reserved. Paul Prager Chief Executive Officer; Director: 1388889: Award at $ 0. . An Open Letter to Shareholders from TeraWulf Chairman and CEO Paul Prager. 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. You could say it all started with a bundt cake. Before joining Semtech, Mr. Harrison held analyst positions with increasing levels of responsibility at Wunderlich Securities, Signal Hill Capital Group and Pacific Growth Equities. 1 public school ranking by Forbes and expanded academic opportunity and diversity. If you experience any issues with this process, please contact us for further assistance. Mr. Harrison brings decades of experience in financial and marketing communications, equity research, financial analysis, and strategic planning. 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. 4. TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining facilities in the United States. 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. 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. Prior to NovaWulf, Mr. New was the Head of Onex Credit, a leading asset manager with more than $23 billion of assets under management. Paul B. Prager is the largest individual Terawulf shareholder, owning 25.05M shares representing 19.52% of the company. in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder. We are prepared to demonstrate the importance of what we do and how we do it. TeraWulf went public after it agreed in June to merge with Ikonics . 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.. 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. Authorized to Receive Notices and Communications) January 30, 2023 We efficiently procured miners to completely utilize our 160 MW of mining capacity with, Achieving our target of 49,000 operating miners (5.5 EH/s hash rate) in Q1 2023, Leveraging our blended power cost of $0.035/kWh, which is 30% lower than the industry, Optimizing our earnings power by executing on our recently announced, Expanding the suite of grid services that we offer to the market, Supporting a more collaborative approach to regulation and thoughtful calibration of the rules. She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. 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. All Rights Reserved. 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. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. Co-Founder, and Chief Executive Officer of TeraWulf Inc. Bitcoin Miami - LIVE Panel with TeraWulf CEO Paul Prager - TeraWulf Inc. 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. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. 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.