Bitcoin Miner TeraWulf to Merge With Nasdaq-Listed Ikonics Enter TeraWulf, which believes it has a better way forward. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. 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. 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. The Company is scheduled to receive over 18,000 additional miners from Bitmain over the coming months. Our priority continues to be reducing costs and deploying those resources towards the Companys path to positive cash flow from operations in 2023. 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. Mr. Fleury brings 22 years of finance experience, comprising of capital markets, principal investing, and advisory roles. Sincerely, Paul Prager Chairman and Chief Executive Officer About TeraWulf TeraWulf (Nasdaq: WULF) owns. Mr. Fleury brings 22 years of finance experience, comprising of capital markets, principal investing, and advisory roles. TeraWulf Issues an Open Letter from Chairman and CEO 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. "TeraWulf's ability to raise private capital underscores the attractiveness of bringing a new paradigm for cryptocurrency mining to the public markets," TeraWulf chairman and CEO Paul Prager said . 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. TeraWulf went public after it agreed in June to merge with Ikonics . She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. Regions Greater New York Area, East Coast, Northeastern US. Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. Prior to joining the bank, Ms. Prager was a partner in law firms where she focused on government investigations. What is Paul B. in accounting from the University of Florida. He earned a B.A. Mr. Fleury began his career in the Global Energy & Power Investment Banking Group at Banc of America Securities, LLC. Paul B Prager owns about 31,534,679 units of Terawulf Inc common stock. News - Paul Prager 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 Deployed fleet of 18,000 miners exceeding hash rate . TERAWULF INC. : Entry into a Material Definitive Agreement, Creation of Press Releases. This past year was a transformational year for TeraWulf and the crypto industry at large. Paul Prager is the Co-Founder, Chairman of the Board, and Chief Executive Officer of TeraWulf Inc. 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. Jobs to stay in Duluth following sale of Ikonics in Industrial Psychology & History from Washington & Lee University. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. Paul Prager @PaulBPrager . 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. TeraWulf Issues an Open Letter to Shareholders from Chairman and CEO Most recently, Mr. Carter served as Superintendent of theU.S. Co-Founder, and Chief Executive Officer of TeraWulf Inc. Mr. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. He speaks with Guy Johnson and Alix . 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. Successfully navigated extreme operating conditions during Winter Storm Elliot (the "Storm"), quickly returning to full output at the Storms close. 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. from the University of Pennsylvania. 22. Gwyneth Paltrow invests in bitcoin miner TeraWulf | Fox Business Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. Mr. Carter's extensive leadership background brings a strong commitment to corporate ethics, values and business practices to the board of directors. 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. Mr. Farrell holds a B.S. Most recently, he ran the Multi-Asset Sales & Trading business in Canada and led efforts to expand this strategy globally. 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. 2022 Terawulf. Co-Founder, Chairman & Chief Executive Officer, Co-Founder, Chief Operating Officer & Chief Technology Officer. WULF | TeraWulf Inc. Company Profile & Executives - WSJ 2022 Terawulf. Today, I write in gratitude:. | 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. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. 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. April 22, 2022, 4:20 PM. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Compare what we share: the breadth and depth of real data, with unbridled transparency, in a timely way. Co-Founder, and Chief Executive Officer of TeraWulf Inc. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. Before joining Semtech, Mr. Harrison held analyst positions with increasing levels of responsibility at Wunderlich Securities, Signal Hill Capital Group and Pacific Growth Equities. TeraWulf Announces Proposed Public Offering of Common Stock . As further evidence of my conviction, I have not sold a share, directly or indirectly. Mr. Prager has also founded and has been the President of Beowulf Energy LLC and its. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. TeraWulf: Zero-Carbon Bitcoin Mining To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Mr. There can be no assurance that future developments will be those that have been anticipated. TeraWulf, Inc. owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States. 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. Paul Prager. "December represented another month of robust growth for TeraWulf. 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. TeraWulf Announces Beneficial Debt Modifications and Approximately $32 Mr. New has over 26 years of investment experience and, previous to Onex, was a Senior Managing Director of Blackstone and Co-Head of Distressed and Special Situation Investing for GSO Capital Partners (GSO). 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. 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. 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. He was an original Partner of GSO and a member of its Management Committee and Investment Committee. | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. Stefanie Fleischmann is General Counsel & Secretary of TeraWulf Inc., where she oversees all legal and compliance matters for the company. Gwyneth Paltrow-Backed Bitcoin Miner TeraWulf Plunges in - CoinDesk 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. TeraWulf (@TeraWulfInc) / Twitter Fleet of deployed miners reached approximately 18,000 with a hash rate capacity over 2.0 EH/s. Nuclear Bitcoin Mining at Terawulf Is Only One Piece of the Green Chairman of the Board, Chief Executive Officer, Co-Founder . She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. 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. I said that I was right alongside you as a shareholder and that I would continue to invest personally in 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. . Green bitcoin miner TeraWulf going public via reverse merger. You must click the activation link in order to complete your subscription. from Duke University School of Law. 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 . In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. 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. TeraWulf and IKONICS Announce Merger Agreement, Paving Way - Insider and M.S. 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"). Paul Prager - CEO of TeraWulf Inc. - MD & NY Se non vuoi che noi e i nostri partner utilizziamo i cookie e i dati personali per questi scopi aggiuntivi, clicca su "Rifiuta tutto". Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. mesurer votre utilisation de nos sites et applications. 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. Co-Founder, Chairman & Chief Executive Officer. "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 . Mr. Farrell holds a B.S. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. Co-Founder, and Chief Executive Officer of TeraWulf Inc. Yahoo fa parte della famiglia di brand di Yahoo. Paul Prager to Lead TeraWulf Foundation for Social Health 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 . 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 is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. "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 . To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Naval Academyreached the No. Importantly, I want to thank our loyal investors and fellow WULFpack members for sticking with us through an unimaginably challenging year. TeraWulf Announces Amendments to its Nautilus Joint Venture Agreement Mr. Deane brings more than 20 years of financial and operational experience in the power, high tech and public accounting sectors. Beowulf is led by its founder, Chairman, and Chief Executive Officer, Paul B. Prager. This has been our business for over 30 years. Paul Prager, chairman and CEO of TeraWulf, will hold the same positions in the new company. from Heidelberg University and an LL.M. Mr. Carter is a Distinguished Flying Cross and Bronze Star recipient. from the University of Pennsylvania. Before that, he was a Managing Director at Blackstones global credit platform, GSO Capital Partners. Form S-4 Filed in Connection with the Proposed Business - Insider All Rights Reserved. Paul Prager is the Co-Founder and Chief Executive Officer of TeraWulf Inc, and the Chairman of the Board of Directors. 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. 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. 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. Energy Intensive Bitcoin Mining: Can the Use of Renewables Answer Critics of Cryptocurrency? Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. Paul Prager Chief Executive Officer; Director: 1388889: Award at $ 0. . 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. TeraWulf Issues an Open Letter to Shareholders from Chairman and CEO Mr. Farrell has over 12 years of energy experience in renewables, grid optimization, digitalization and storage cross-business solutions. She later served as a Deputy Attorney General for theDistrict of Columbiagovernment, representing the city's child welfare and mental health agencies. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. TeraWulf generates domestically produced Bitcoin powered by nuclear, hydro, and solar energy with a goal of utilizing 100% zero-carbon energy. San Juan, Puerto Rico 00901 . If you want to invest in a bitcoin mining company, come to TeraWulf. She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. 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. Mr. Khan received a B.S. An Open Letter to Shareholders from TeraWulf Chairman and CEO Paul Prager. 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. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. The company was founded on February 8, 2021 and is headquartered in Easton, MD. 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. Bitcoin mining 'is about energy infrastructure': TeraWulf CEO - Yahoo! 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. Webcast TeraWulf Inc. Raises Approximately $200 Million to - Benzinga from the University of Pennsylvania. For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. In addition, TeraWulf Inc. saw -0.84% in overturn over a single year, with a tendency to cut further losses. Paul B. Prager is the largest individual Terawulf shareholder, owning 25.05M shares representing 19.52% of the company. and a B.A. He began his career at AIG and held senior roles at both Johnson & Higgins and Aon. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. All Rights Reserved. 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. Thank you to all our investors, partners, and fellow WULFpack members for working with us to build the leading mining 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. Your trust and confidence in TeraWulf have helped us build a remarkable company. TeraWulf Inc. Raises Approximately $200 Million to Strengthen Capital Ms. Langlais received her BA in Finance and graduated with honors from Boston College. Paul B. Prager - Founder and CEO - TeraWulf | LinkedIn 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. Paul Prager, TeraWulf CEO and Founder, discusses crypto regulation and green mining. I believe that is more than any leadership team in the sector and underscores our confidence in WULFs mission and what we are building. Bitcoin miners want to recast themselves as eco-friendly Read More WULF Stock News Headlines LinkedIn View on LinkedIn. 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. You could say it all started with a bundt cake. 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. She also served as Deputy Legal Counsel to Governor O'Malley and as the Interim Director of the Governor's Office for Children. After submitting your request, you will receive an activation email to the requested email address. 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. 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. He holds a B.S. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. For the avoidance of doubt, I did not sell 12 million shares. TeraWulf cofounder and CEO Paul Prager joins us to talk about his experience building a vertically-integrated, zero carbon Bitcoin miner. Today, I write in gratitude: proud of our accomplishments, inspired by our extraordinary employees, and confident in our strategy. It has been four weeks since I shared my reflections on TeraWulfs achievements in 2022 and stated goals for 2023. You can sign up for additional alert options at any time. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. 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. TeraWulf Issues an Open Letter - GuruFocus.com 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. Prior to BlockTower, Mr. Bucella spent nearly a decade with Goldman Sachs in a variety of roles. Best-In-Class Management Team - Terawulf 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. 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. Your trust and confidence in TeraWulf have helped us build a remarkable company.

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