CEO Paul Prager discusses moving from energy industry, next gen bitcoin mining, joining forces with Gwyneth Paltrow. He was an original Partner of GSO and a member of its Management Committee and Investment Committee. An Open Letter from TeraWulf Chairman and CEO Paul Prager TeraWulf Co-Founder, CEO & Chair of the Board Paul Prager joins Yahoo Finance Live to talk about zero carbon mining for bitcoin and other cryptocurrencies, outlook on . "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. Potential investors, stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. 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. Mr. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. Co-Founder, and Chief Executive Officer of TeraWulf Inc. We will remain laser-focused on scaling mining operations at our existing sites while opportunistically pursuing strategic opportunities in a financially responsible manner. 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. 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. Regions Greater New York Area, East Coast, Northeastern US. 1 Source: Cambridge Bitcoin Electricity Consumption Index (CBECI) (ccaf.io). Ms. Motz previously served on the University System ofMaryland BoardofRegentsfromJune 2014throughMarch 2015 and as a Deputy Chief of Staff to Maryland GovernorMartin O'Malley. Puoi modificare le tue scelte in qualsiasi momento cliccando sui link "Dashboard privacy" sui nostri siti e sulle nostre app. "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 . Co-Founder, Chairman & Chief Executive Officer. Webcast 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. She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. TeraWulf went public after it agreed in June to merge with Ikonics . 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. Feb 2 2023. 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. She also served as Deputy Legal Counsel to Governor O'Malley and as the Interim Director of the Governor's Office for Children. Read our most recent investor deck here. If you experience any issues with this process, please contact us for further assistance. New Executive Interview with TeraWulf CTO and COO Nazar Khan. TeraWulf will generate domestically produced bitcoin powered by nuclear, hydro and solar energy. | 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Co-Founder, Chairman & Chief Executive Officer, Co-Founder, Chief Operating Officer & Chief Technology Officer. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. TeraWulf Announces Closing of $28 Million Underwritten Equity Offering and Over-Allotment Option. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. Terawulf Stock Ownership - Who Owns Terawulf in 2023? - WallStreetZen TeraWulf and IKONICS Announce Merger Agreement, Paving Way - Insider Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. from the University of Pennsylvania. Co-Founder, and Chief Executive Officer of TeraWulf Inc. Steven Pincusserves as an Executive Vice President with global insurance companyWillis Towers Watsonand is the Global Head of Broking for the firm's FINEX business. in Industrial Psychology & History from Washington & Lee University. TeraWulf Issues an Open Letter to Shareholders from Chairman and CEO He holds a B.S. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. 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. and M.S. You could say it all started with a bundt cake. 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. Fifth Amendment to Loan Agreement. TeraWulf Issues an Open Letter to Shareholders from Chairman and CEO TeraWulf Announces January 2023 Production and Operations Updates 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. Importantly, I want to thank our loyal investors and fellow WULFpack members for sticking with us through an unimaginably challenging year. Prior to BlockTower, Mr. Bucella spent nearly a decade with Goldman Sachs in a variety of roles. "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 . Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. 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. 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. TERAWULF INC. : Entry into a Material Definitive Agreement, Creation of Naval Academy, his alma matter. 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. 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. Bitcoin Miami - LIVE Panel with TeraWulf CEO Paul Prager - TeraWulf Inc. Yahoo fa parte della famiglia di brand di Yahoo. 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 . Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Her distinguished career in both nonprofit and government will help TeraWulf execute on its strategy of sustainable growth and community impact. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. 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. It has been four weeks since I shared my reflections on TeraWulfs achievements in 2022 and stated goals for 2023. in accounting from the University of Florida. Mr. Deane brings more than 20 years of financial and operational experience in the power, high tech and public accounting sectors. TeraWulf is an infrastructure-focused bitcoin mining company accelerating the transition to a zero-carbon future. Form S-4 Filed in Connection with the Proposed Business - Insider 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. from Duke University School of Law. 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. 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. We believe these strategic steps will position TeraWulf forlong-term, sustainable growth. Previous to this role, Mr. Bucella led the Institutional Global Equities business, also in Canada. Patrick Fleury is the Chief Financial Officer of TeraWulf Inc., where he is responsible for directing and overseeing the financial activities of the Company, including investment of funds and additional capital for expansion. Gwyneth Paltrow-Backed Bitcoin Miner TeraWulf Plunges in - CoinDesk 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 . And if you dont want to invest in a bitcoin mining company, call us. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. He holds a B.S. 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. 1. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Jason New is the Co-Founder and Managing Partner of NovaWulf Digital Management, an institutionally focused digital asset infrastructure investment firm. TeraWulf Inc. Raises Approximately $200 Million to Strengthen - Insider 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. 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'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 . He began his career at AIG and held senior roles at Johnson & Higgins and Aon. from WesternNew England UniversitySchool of Law. 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. 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. All Rights Reserved. Paul Prager to Lead TeraWulf Foundation for Social Health Since the Storms departure, New York market prices have corrected to pre-December levels. In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. And in that short period, our team has accomplished key milestones that we believe will be foundational in achieving our . 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. 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. from Boston University and is admitted to practice law in New York and Germany. All Rights Reserved. Ms. Prager brings broad legal, compliance, and regulatory expertise to the TeraWulf board of directors. I also want to address the confusion out there regarding the perceived sale of stock. You must click the activation link in order to complete your subscription. Our best days are ahead of us. Mr. Farrell began his energy career at Siemens Energy and held positions of increasing responsibility within their Power System Sales organization in both generation and electric delivery across diverse verticals for over a decade. 22. TeraWulf Announces December 2022 Production and Operations Updates Stefanie Fleischmann is General Counsel & Secretary of TeraWulf Inc., where she oversees all legal and compliance matters for the company. Thats right, we bought at market while this transformational equity raise came at a modest discount to the market. BTC TeraWulf 2 February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager . Paul Prager is the Chairman of the Board of Directors. Mr. Farrell has over 12 years of energy experience in renewables, grid optimization, digitalization and storage cross-business solutions. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. News - Paul Prager Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. Power prices increased dramatically during the severe weather event that crossed most of the United States in December, increasing Lake Mariners operating cost during the days of local impact. 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. Bitcoin mining 'is about energy infrastructure': TeraWulf CEO - Yahoo! San Juan, Puerto Rico 00901 . 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. TeraWulf's Prager on cryptocurrency market. Patrick Fleury is the Chief Financial Officer of TeraWulf Inc., where he is responsible for directing and overseeing the financial activities of the Company, including investment of funds and additional capital for expansion. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity . Beowulf is led by its founder, Chairman, and Chief Executive Officer, Paul B. Prager. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. and a B.A. Watch TeraWulf's Prager on cryptocurrency market - Bloomberg 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. TeraWulfs business is conducted by its employees and executive officers with oversight from a distinguished and diversified board of directors. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. April 22, 2022, 4:20 PM. TeraWulf Announces Beneficial Debt Modifications and Approximately $32 in history and earned a J.D. . 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. TeraWulf Announces Closing of Previously Announced $50 Million Add-On 4. 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"). 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. in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder. and a B.A. The New York Energy Mogul Who's Remaking an Eastern Shore Town afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder. 1 public school ranking by Forbes and expanded academic opportunity and diversity. TeraWulf Issues an Open Letter - GuruFocus.com 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. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. TeraWulf Issues an Open Letter from Chairman and CEO 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. TeraWulf Inc. Joins the Bitcoin Mining Council | Markets Insider 2022 Terawulf. 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. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager.