New Executive Interview with TeraWulf CTO and COO Nazar Khan. Most recently, Mr. Carter served as Superintendent of theU.S. 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. Mr. Harrison brings decades of experience in financial and marketing communications, equity research, financial analysis, and strategic planning. Naval Academyreached the No. We are prepared to demonstrate the importance of what we do and how we do it. Puoi modificare le tue scelte in qualsiasi momento cliccando sui link "Dashboard privacy" sui nostri siti e sulle nostre app. Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. This past year was a transformational year for TeraWulf and the crypto industry at large. 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 . 1 December 2022 results are based on estimated power costs, which remain subject to standard month end adjustments. In addition, TeraWulf Inc. saw -0.84% in overturn over a single year, with a tendency to cut further losses. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. What differentiates TeraWulf is that we own and operate our facilities, control our power supply and utilize 91%+ zero-carbon energy sources.. I believe that is more than any leadership team in the sector and underscores our confidence in WULFs mission and what we are building. I said that I was right alongside you as a shareholder and that I would continue to invest personally in TeraWulf. 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> He earned a B.A. 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. Before that, he was a Managing Director at Blackstones global credit platform, GSO Capital Partners. fromYale Universityand J.D. Chairman of the Board, Chief Executive Officer, Co-Founder . 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. Gender Male. 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). Our industrial-scale mining facilities in New York and Pennsylvania will mine Bitcoin using cost-effective, zero-carbon energy. While there has been significant progress this year, much more remains to be done. Mr. Harrison brings decades of experience in financial and marketing communications, equity research, financial analysis, and strategic planning. 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 TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. San Juan, Puerto Rico 00901 . Attended United States Naval Academy. from Yale Law School. 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. Deployed fleet of 18,000 miners exceeding hash rate . | 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. After submitting your request, you will receive an activation email to the requested email address. from the University of Pennsylvania. Ms. Motz brings to the board of directors extensive leadership and public policy experience. Item 1.01. "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. 3. In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. 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. If you experience any issues with this process, please contact us for further assistance. Paul Prager is the Co-Founder, Chairman and CEO of TeraWulf Inc., a leading clean energy digital asset company. After submitting your request, you will receive an activation email to the requested email address. Mr. Farrell has over 12 years of energy experience in renewables, grid optimization, digitalization and storage cross-business solutions. Enter TeraWulf, which believes it has a better way forward. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. All Rights Reserved. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. 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 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. Yahoo fa parte della famiglia di brand di Yahoo. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Before that, he was a Managing Director at Blackstones global credit platform, GSO Capital Partners. in accounting from the University of Florida. Ms. Prager received a B.A. For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. Paul Prager is the Co-Founder, Chairman of the Board, and Chief Executive Officer of TeraWulf Inc. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. 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 Chairman, Co-Founder & CEO at TeraWulf. TeraWulf Inc. WULF ("TeraWulf" or the . 53 Palmeras Street, Suite 601 . Paul Prager is the Chief Executive Officer and the chair of the board of directors of TeraWulf. 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. By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. TeraWulf Announces Proposed Public Offering of Common Stock . She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. What is Paul B. February 2023 Dear Shareholders, . Most recently, Mr. Deane was an executive with Heorot Power Holdings LLC, an owner and operator of power generation assets. . He was an original Partner of GSO and a member of its Management Committee and Investment Committee. and a B.A. Co-Founder, and Chief Executive Officer of TeraWulf Inc. Stefanie Fleischmann is Chief Legal Officer and Corporate Secretary of TeraWulf Inc., where she oversees all legal and compliance matters for the company. 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. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. TeraWulf Inc. is a digital asset technology company, which is engaged in the business of sustainable bitcoin mining. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. 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 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 . in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder. 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. 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. and M.S. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Prior to BlockTower, Mr. Bucella spent nearly a decade with Goldman Sachs in a variety of roles. He received his BSBA in economics from theUniversity of Arizona. from the University of Pennsylvania. 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 . LinkedIn View on LinkedIn. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. An Open Letter to Shareholders from TeraWulf Chairman and CEO Paul Prager. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Mr. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. Location New York, New York, United States. and a B.A. And if you dont want to invest in a bitcoin mining company, call us. 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. Se non vuoi che noi e i nostri partner utilizziamo i cookie e i dati personali per questi scopi aggiuntivi, clicca su "Rifiuta tutto". You can sign up for additional alert options at any time. 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. 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. 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. 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. Power volatility in 2022 underscored the importance of power contracts. 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. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. 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. Khan previously served as Executive Vice President of Beowulf Energy LLC for nearly 20 years, where he led the firms acquisition and development efforts. Paul Prager Chief Executive Officer; Director: 1388889: Award at $ 0. . 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 . dvelopper et amliorer nos produits et services. Co-Founder, and Chief Executive Officer of TeraWulf Inc. Per saperne di pi su come utilizziamo i tuoi dati personali, consulta la nostra Informativa sulla privacy e la nostra Informativa sui cookie. Our corporate governance framework promotes accountability, transparency, and effective decision making to ensure the long-term success of the business. and a B.A. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. Today, I write in gratitude:. We believe these strategic steps will position TeraWulf forlong-term, sustainable growth. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. Mr. Farrell holds a B.S. 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. Authorized to Receive Notices and Communications) January 30, 2023 "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 . 2022 Terawulf. April 22, 2022, 4:20 PM. Path to Positive Cash Flow from Operations in 2023 and Beyond. Entry into a Material Definitive Agreement. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. 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. 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. Thank you to all our investors, partners, and fellow WULFpack members for working with us to build the leading mining company. 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. 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. Your trust and confidence in TeraWulf have helped us build a remarkable company. You can sign up for additional alert options at any time. 4. All Rights Reserved. Read our most recent investor deck here. TeraWulf does not assume any obligation to publicly update any forward-looking statement after it was made, whether as a result of new information, future events or otherwise, except as required by law or regulation. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. 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. 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. Lisa Pragerserves as General Counsel and Executive Vice President of the Agricultural Bank ofChinaNew YorkBranch. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Importantly, I want to thank our loyal investors and fellow WULFpack members for sticking with us through an unimaginably challenging year. In the last 2 years at Terawulf Inc, Paul B Prager has sold an estimated value of $0 worth. Co-Founder, Chairman & Chief Executive Officer. Your trust and confidence in TeraWulf have helped us build a remarkable company. Let me be clear we have a deal that should enable the Company to pay down principal when we have available free cash flow, instead of adhering to a mandatory payment schedule. 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"). Our priority continues to be reducing costs and deploying those resources towards the Companys path to positive cash flow from operations in 2023. 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. 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. 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 . mesurer votre utilisation de nos sites et applications. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. 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 . These warrants will convert back to common stock without any price differential. Paul B. Prager's Terawulf shares are currently valued at $15.81M. Mr. New brings to the board of directors a wealth of experience in complex financial structuring and optimization in a public company setting. 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. "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 . 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. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. and M.S. 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. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. Be assured that I am here with you and will continue to personally invest in TeraWulf. Paul Prager, chairman and CEO of TeraWulf, will hold the same positions in the new company. in Industrial Psychology & History from Washington & Lee University. Fifth Amendment to Loan Agreement. 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. 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. An Open Letter to Shareholders from TeraWulf Chairman and CEO Paul Prager. By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. "December represented another month of robust growth for TeraWulf. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. 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. 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.
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