At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. Mr. Prager has also founded and has been the President of Beowulf Energy LLC and its. 410-770-9500 (Name, Address and Telephone Number of Person . After submitting your request, you will receive an activation email to the requested email address. fromYale Universityand J.D. in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder. in Economics from Allegheny College and a J.D. Deployed fleet of 18,000 miners exceeding hash rate . It is led by energy entrepreneur Paul Prager and a seasoned team with many leadership positions held by women, including Chief Strategy . Co-Founder, Chairman & Chief Executive Officer. If you want to invest in a bitcoin mining company, come to TeraWulf. If you experience any issues with this process, please contact us for further assistance. TeraWulf cofounder and CEO Paul Prager joins us to talk about his experience building a vertically-integrated, zero carbon Bitcoin miner. 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 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> I also want to address the confusion out there regarding the perceived sale of stock. "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 . Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Twitter View on Twitter. You must click the activation link in order to complete your subscription. 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. Paul Prager. 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.. 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. February 2023 Dear Shareholders, . TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining facilities in the United States. Stefanie Fleischmann is General Counsel & Secretary of TeraWulf Inc., where she oversees all legal and compliance matters for the company. Co-Founder, Chief Operating Officer & Chief Technology Officer. Self-mined 125 Bitcoin in December 2022 for a total of 378 Bitcoin produced in Q4 2022, a 223% increase as compared to 117 Bitcoin produced in Q3 2022. Paul Prager, chairman and CEO of TeraWulf, will hold the same positions in the new 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. We are prepared to demonstrate the importance of what we do and how we do it. 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. Paul Prager @PaulBPrager . Se non vuoi che noi e i nostri partner utilizziamo i cookie e i dati personali per questi scopi aggiuntivi, clicca su "Rifiuta tutto". The Company is scheduled to receive over 18,000 additional miners from Bitmain over the coming months. from the University of Pennsylvania. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. and a B.A. August 11th, 2021, 2:00 PM PDT. from the University of Pennsylvania. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity . Paul B Prager owns about 31,534,679 units of Terawulf Inc common stock. Gender Male. There can be no assurance that future developments will be those that have been anticipated. 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, today announced that today announced that the Company's Co-founder, Chairman and Chief Executive Officer, Paul Prager, has issued an open letter to shareholders. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. An Open Letter to Shareholders from TeraWulf Chairman and CEO Paul Prager. 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. TeraWulf's Prager on cryptocurrency market. | 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. in accounting from the University of Florida. 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. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. Paul Prager, TeraWulf CEO and Founder, discusses crypto regulation and green mining. 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). To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Before joining Semtech, Mr. Harrison held analyst positions with increasing levels of responsibility at Wunderlich Securities, Signal Hill Capital Group and Pacific Growth Equities. An Open Letter to Shareholders from TeraWulf Chairman and CEO Paul Prager. from Heidelberg University and an LL.M. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Sincerely, Paul Prager Chairman and Chief Executive Officer About TeraWulf TeraWulf (Nasdaq: WULF) owns. Entry into a Material Definitive Agreement. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. We will remain laser-focused on scaling mining operations at our existing sites while opportunistically pursuing strategic opportunities in a financially responsible manner. As further evidence of my conviction, I have not sold a share, directly or indirectly. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. from Duke University School of Law. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. dvelopper et amliorer nos produits et services. Fleet of deployed miners reached approximately 18,000 with a hash rate capacity over 2.0 EH/s. TeraWulf Announces Closing of $28 Million Underwritten Equity Offering and Over-Allotment Option. TeraWulfs business is conducted by its employees and executive officers with oversight from a distinguished and diversified board of directors. New Executive Interview with TeraWulf CTO and COO Nazar Khan. A Peek Into the Origins of TeraWulf and Our Up-and-Coming Nuclear Facility. Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. Cassie Motz is the Executive Director of the CollegeBound Foundation inBaltimore. Shares of TeraWulf (WULF), an environmentally minded bitcoin miner, plunged almost 30% in their first day of trading on Tuesday. 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. Be assured that I am here with you and will continue to personally invest in TeraWulf. The company was founded on February 8, 2021 and is headquartered in Easton, MD. Co-Founder, Chairman & Chief Executive Officer. Most recently, Mr. Deane was an executive with Heorot Power Holdings LLC, an owner and operator of power generation assets. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. Energy Intensive Bitcoin Mining: Can the Use of Renewables Answer Critics of Cryptocurrency. Naval Academyreached the No. Co-Founder, and Chief Executive Officer of TeraWulf Inc. 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. Most recently, Mr. Carter served as Superintendent of theU.S. TeraWulf Inc. is a digital asset technology company, which is engaged in the business of sustainable bitcoin mining. "Everyone I talk to now is talking about carbon neutrality," said Paul Prager, the CEO of TeraWulf. This past year was a transformational year for TeraWulf and the crypto industry at large. Today, I write in gratitude: proud of our accomplishments, inspired by our extraordinary employees, and confident in our strategy. Also Known As Paul B. Prager. Her distinguished career in both nonprofit and government will help TeraWulf execute on its strategy of sustainable growth and community impact. 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. Mr. Khan received a B.S. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Why? afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. Nous, Yahoo, faisons partie de la famille de marques Yahoo. The Nautilus Cryptomine, located in Berwick, Pennsylvania, is directly connected to the Susquehanna Nuclear Station and pays a five-year fixed-price of $0.02/kWh, among the lowest in the Bitcoin mining sector. "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. 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. Today, I write in gratitude: proud of our accomplishments, inspired by our extraordinary employees, and confident in our strategy. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. 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. "For 2023, we plan to aggressively expand our deployed hash rate as we continue to receive miner shipments with a goal of reaching 5.5 EH/s of sustainable, operating mining capacity.". Most recently, he ran the Multi-Asset Sales & Trading business in Canada and led efforts to expand this strategy globally. from Boston University and is admitted to practice law in New York and Germany. All Rights Reserved. The Company maintains its estimated average power cost of approximately $0.035/kWh across its portfolio. 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. | Privacy Policy. If you experience any issues with this process, please contact us for further assistance. . | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. Co-Founder, and Chief Executive Officer of TeraWulf Inc. 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. Power volatility in 2022 underscored the importance of power contracts. New Executive Interview with TeraWulf CTO and COO Nazar Khan. Thats right, we bought at market while this transformational equity raise came at a modest discount to the market. You can sign up for additional alert options at any time. 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. These warrants will convert back to common stock without any price differential. You must click the activation link in order to complete your subscription. Read our most recent investor deck here. Paul Prager is the Co-Founder and Chief Executive Officer of TeraWulf Inc, and the Chairman of the Board of Directors. | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. Mr. Fleury brings 22 years of finance experience, comprising of capital markets, principal investing, and advisory roles. Ms. Motz previously served on the University System ofMaryland BoardofRegentsfromJune 2014throughMarch 2015 and as a Deputy Chief of Staff to Maryland GovernorMartin O'Malley. Mr. Deane brings more than 20 years of financial and operational experience in the power, high tech and public accounting sectors. For the avoidance of doubt, I did not sell 12 million shares. in Industrial Psychology & History from Washington & Lee University. and a B.A. Mr. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. He was an original Partner of GSO and a member of its Management Committee and Investment Committee. from WesternNew England UniversitySchool of Law. Finally, as you consider investing in the space, look at our public disclosures. 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. 2022 Terawulf. In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. LinkedIn View on LinkedIn. 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. Puoi modificare le tue scelte in qualsiasi momento cliccando sui link "Dashboard privacy" sui nostri siti e sulle nostre app. Company profile for TeraWulf Inc. including key executives, insider trading, ownership, revenue and average growth rates. 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). You can sign up for additional alert options at any time. 53 Palmeras Street, Suite 601 . Ikonics (NASDAQ:IKNX) investors will receive $5 in cash and one share in the new company for each share . Before entering private practice, Ms. Prager was a federal prosecutor in the U.S. Attorneys Office for the District of Columbia, as well as Acting Assistant Secretary and Deputy Assistant Secretary for Export Enforcement at the U.S. Department of Commerces Bureau of Industry and Security. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. 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.. After submitting your request, you will receive an activation email to the requested email address. 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. Ms. Fleischmann holds a J.D. Terawulf (NASDAQ: WULF) is owned by 9.57% institutional shareholders, 79.43% Terawulf insiders, and 11.00% retail investors. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. 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 and CEO of TeraWulf Inc., a leading clean energy digital asset company. Paul Prager is the Co-Founder, Chairman of the Board, and Chief Executive Officer of TeraWulf Inc. Since the Storms departure, New York market prices have corrected to pre-December levels. 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 speaks with Guy Johnson and Alix . from the University of Pennsylvania. 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. from Boston University and is admitted to practice law in New York and Germany. He received his BSBA in economics from theUniversity of Arizona. Press Releases. Power volatility in 2022 underscored the importance of power contracts. By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. Mr. Carter's extensive leadership background brings a strong commitment to corporate ethics, values and business practices to the board of directors. 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. 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. 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 . 4. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. He holds a B.S. 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. 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. Your trust and confidence in TeraWulf have helped us build a remarkable company. He earned a B.A. Mr. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. mesurer votre utilisation de nos sites et applications. San Juan, Puerto Rico 00901 . Before joining Semtech, Mr. Harrison held analyst positions with increasing levels of responsibility at Wunderlich Securities, Signal Hill Capital Group and Pacific Growth Equities. Co-Founder, Chairman & Chief Executive Officer, Co-Founder, Chief Operating Officer & Chief Technology Officer. He earned a BS in Finance, Economics & Accounting from Fordham University. Beowulf is led by its founder, Chairman, and Chief Executive Officer, Paul B. Prager. Paul Prager is the Chief Executive Officer and the chair of the board of directors of TeraWulf. 1 December 2022 results are based on estimated power costs, which remain subject to standard month end adjustments. We believe these strategic steps will position TeraWulf forlong-term, sustainable growth. While there has been significant progress this year, much more remains to be done. 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. 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. She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. 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 . Attended United States Naval Academy. 3. All Rights Reserved. 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. Paul B. Prager's Terawulf shares are currently valued at $15.81M.

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