You must click the activation link in order to complete your subscription. 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. 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. 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. This past year, our management team invested over $15 million of our personal capital in the Company. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. About TeraWulf TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining. 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. Also Known As Paul B. Prager. CEO Paul Prager discusses moving from energy industry, next gen bitcoin mining, joining forces with Gwyneth Paltrow. 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. 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. Under his leadership, theU.S. Paul Prager, CEO and Founder of bitcoin mining company TeraWulf, on how they are generating environmentally sustainable bitcoin and crypto mining practices. Ms. Prager received a B.A. Co-Founder, and Chief Executive Officer of TeraWulf Inc. 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. 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. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. We will remain laser-focused on scaling mining operations at our existing sites while opportunistically pursuing strategic opportunities in a financially responsible manner. Naval Academyreached the No. He earned a BS in Finance, Economics & Accounting from Fordham University. Mr. 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. Thank you to all our investors, partners, and fellow WULFpack members for working with us to build the leading mining company. He is also part of the global Corporate Risk and Broking leadership team. He began his career at AIG and held senior roles at both Johnson & Higgins and Aon. 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. . 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. Thats right, we bought at market while this transformational equity raise came at a modest discount to the market. in accounting from the University of Florida. Compare what we share: the breadth and depth of real data, with unbridled transparency, in a timely way. TeraWulf cofounder and CEO Paul Prager joins us to talk about his experience building a vertically-integrated, zero carbon Bitcoin miner. . 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. 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. Be assured that I am here with you and will continue to personally invest in TeraWulf. 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. 2022 Terawulf. Ms. Motz brings to the board of directors extensive leadership and public policy experience. Stefanie Fleischmann is Chief Legal Officer and Corporate Secretary of TeraWulf Inc., where she oversees all legal and compliance matters for the company. Ms. Fleischmann holds a J.D. He holds a B.S. Last month, I highlighted the industry-leading investment level our executive team has made in the Company and the commitment it demonstrates. "Everyone I talk to now is talking about carbon neutrality," said Paul Prager . What is Paul B. Feb 2 2023. For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. Mr. New brings to the board of directors a wealth of experience in complex financial structuring and optimization in a public company setting. TeraWulf Announces Proposed Public Offering of Common Stock . About 11,500 are proprietary miners with a hash rate capacity of approximately 1.4 EH/s. "TeraWulf made remarkable operational advancements in January as we continued to make significant progress towards expanding capacity at Lake Mariner with the addition of Building 2, and energization of the Nautilus Cryptomine facility, which will be the first behind the meter bitcoin mining facility utilizing low cost, zero-carbon nuclear power at scale in the U.S.," stated Paul Prager . Mr. Fleury began his career in the Global Energy & Power Investment Banking Group at Banc of America Securities, LLC. Successfully navigated extreme operating conditions during Winter Storm Elliot (the "Storm"), quickly returning to full output at the Storms close. Our corporate governance framework promotes accountability, transparency, and effective decision making to ensure the long-term success of the business. in Economics from Allegheny College and a J.D. 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. 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. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. "Everyone I talk to now is talking about carbon neutrality," said Paul Prager, the CEO of TeraWulf. Item 1.01. Co-Founder, and Chief Executive Officer of TeraWulf Inc. Power volatility in 2022 underscored the importance of power contracts. 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 . Most recently, Mr. Deane was an executive with Heorot Power Holdings LLC, an owner and operator of power generation assets. Co-Founder, and Chief Executive Officer of TeraWulf Inc. Jason New is the Co-Founder and Managing Partner of NovaWulf Digital Management, an institutionally focused digital asset infrastructure investment firm. Co-Founder, and Chief Executive Officer of TeraWulf Inc. Paul B. Prager is the largest individual Terawulf shareholder, owning 25.05M shares representing 19.52% of the 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. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. 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. 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. With over 40 years of experience, Mr. Pincus has extensive experience in the energy and high-tech sectors. Paul Prager, TeraWulf CEO and Founder, discusses crypto regulation and green mining. Paul Prager, chairman and CEO of TeraWulf, will hold the same positions in the new company. in Industrial Psychology & History from Washington & Lee University. April 22, 2022, 4:20 PM. 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. 4. Chairman of the Board, Chief Executive Officer, Co-Founder . and a B.A. TeraWulf, Inc. owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States. For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. 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. New Executive Interview with TeraWulf CTO and COO Nazar Khan. | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. 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. Paul Prager is the Co-Founder, Chairman of the Board, and Chief Executive Officer of TeraWulf Inc. You can sign up for additional alert options at any time. The Company operates approximately 18,000 Bitcoin miners with a hash rate capacity over 2.0 EH/s at its Lake Mariner facility. dvelopper et amliorer nos produits et services. 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. All Rights Reserved. TeraWulf Announces Closing of $28 Million Underwritten Equity Offering and Over-Allotment Option. 410-770-9500 (Name, Address and Telephone Number of Person . TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. TeraWulfs business is conducted by its employees and executive officers with oversight from a distinguished and diversified board of directors. from the University of Pennsylvania. And in that short period, our team has accomplished key milestones that we believe will be foundational in achieving our . and M.S. 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. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. Twitter View on Twitter. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. If you want to invest in a bitcoin mining company, come to TeraWulf. 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 . Mr. Prager has also founded and has been the President of Beowulf Energy LLC and its. Enter TeraWulf, which believes it has a better way forward. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. from Duke University School of Law. "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 . Previously, Mr. New was a senior member of the Distressed Finance Group at Credit Suisse and Donaldson, Lufkin and Jenrette. 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. Ms. Prager brings broad legal, compliance, and regulatory expertise to the TeraWulf board of directors. In addition, TeraWulf Inc. saw -0.84% in overturn over a single year, with a tendency to cut further losses. TeraWulf's Prager on cryptocurrency market. As an Assistant U.S. Attorney, Ms. Prager handled federal cases involving terrorism, wire and mail fraud, economic espionage, and export control violations, among other matters. I also want to address the confusion out there regarding the perceived sale of stock. Prior to joining the bank, Ms. Prager was a partner in law firms where she focused on government investigations. This has been our business for over 30 years. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. 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"). 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 facilities powered by more than 91% zero-carbon energy, provided an unaudited monthly production and operations update for December 2022. Paul B Prager owns about 31,534,679 units of Terawulf Inc common stock. You must click the activation link in order to complete your subscription. As further evidence of my conviction, I have not sold a share, directly or indirectly. You can sign up for additional alert options at any time. 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. 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. I believe that is more than any leadership team in the sector and underscores our confidence in WULFs mission and what we are building. Paul Prager is the Chairman of the Board of Directors. 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. Why? Our best days are ahead of us. By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. Mr. Khan received a B.S. I said that I was right alongside you as a shareholder and that I would continue to invest personally in TeraWulf. 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. Id like to take a moment to highlight a few key milestones that we achieved during our first year as a public company: What differentiates TeraWulf is that we own and operate our facilities, control our power supply and utilize 91%+ zero-carbon energy sources. 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.. "December represented another month of robust growth for TeraWulf. Since the Storms departure, New York market prices have corrected to pre-December levels. Our industrial-scale mining facilities in New York and Pennsylvania will mine Bitcoin using cost-effective, zero-carbon energy. Meltem Demirors, Chief Strategy Officer . Energy Intensive Bitcoin Mining: Can the Use of Renewables Answer Critics of Cryptocurrency? Sincerely, Paul Prager Chairman and Chief Executive Officer About TeraWulf TeraWulf (Nasdaq: WULF) owns. 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. She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. and a B.A. | 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. 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. 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. Entry into a Material Definitive Agreement. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. Paul Prager is the Co-Founder and Chief Executive Officer of TeraWulf Inc, and the Chairman of the Board of Directors. She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. Mining Disrupt Conference July 25-27, 2023 Miami . One member, TeraWulf, has pledged to run cryptocurrency mines using more than 90 percent zero-carbon energy.
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