. from the University of Pennsylvania. 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. It is led by energy entrepreneur Paul Prager and a seasoned team with many leadership positions held by women, including Chief Strategy . 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. 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. 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. You must click the activation link in order to complete your subscription. Previous to this role, Mr. Bucella led the Institutional Global Equities business, also in Canada. He earned a BS in Finance, Economics & Accounting from Fordham University. Yahoo fa parte della famiglia di brand di Yahoo. Paul Prager is the Co-Founder and Chief Executive Officer of TeraWulf Inc, and the Chairman of the Board of Directors. 2022 Terawulf. from Heidelberg University and an LL.M. 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. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. 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. Today, I write in gratitude:. 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. He holds a B.S. TERAWULF Inc. (Name of Issuer) Common stock, par value $0.001 per share (Title of Class of Securities) 88080T 104 (CUSIP Number) Bayshore Capital LLC . 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. About TeraWulf TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining. 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. Item 1.01. from the University of Pennsylvania. He is also part of the global Corporate Risk and Broking leadership team. Paul Prager is the Chairman, Co-Founder & CEO at TeraWulf. Also Known As Paul B. Prager. By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. mesurer votre utilisation de nos sites et applications. If you experience any issues with this process, please contact us for further assistance. TeraWulf Inc. WULF ("TeraWulf" or the . Bitcoin Miami - LIVE Panel with TeraWulf CEO Paul Prager - TeraWulf Inc. Mr. Farrell holds a B.S. 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. 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 . The Company maintains its estimated average power cost of approximately $0.035/kWh across its portfolio. Today, I write in gratitude: proud of our accomplishments, inspired by our extraordinary employees, and confident in our strategy. 4. "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. Despite weather-related price volatility in December, the Company projects an average cost of power of approximately $0.035/kWh across its two sites. TeraWulfs business is conducted by its employees and executive officers with oversight from a distinguished and diversified board of directors. and a B.A. 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. Why? and M.S. Mr. New brings to the board of directors a wealth of experience in complex financial structuring and optimization in a public company setting. 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. With over 40 years of experience, Mr. Pincus has extensive experience in the energy and high-tech sectors. TeraWulf will generate domestically produced bitcoin powered by nuclear, hydro and solar energy. Before joining Heorot Power, Mr. Deane held positions of Chief Financial Officer, Vice President and Corporate Secretary at Isonics Corporation; Senior Finance Manager at Sun Microsystems, Inc.; and Audit Manager at Deloitte LLP. 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. What differentiates TeraWulf is that we own and operate our facilities, control our power supply and utilize 91%+ zero-carbon energy sources.. Naval Academyreached the No. 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. You could say it all started with a bundt cake. "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 . Paul B. Prager is the largest individual Terawulf shareholder, owning 25.05M shares representing 19.52% of the company. TeraWulf, Inc. owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States. LinkedIn View on LinkedIn. She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. fromYale Universityand J.D. 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. Co-Founder, Chairman & Chief Executive Officer. Paul Prager, chairman and CEO of TeraWulf, will hold the same positions in the new company. Prior to BlockTower, Mr. Bucella spent nearly a decade with Goldman Sachs in a variety of roles. 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. in Industrial Psychology & History from Washington & Lee University. 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. Paul Prager is the Chairman of the Board of Directors. Ms. Motz graduated summa cum laude fromDartmouth Collegewith a B.A. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. 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 B. Prager's Terawulf shares are currently valued at $15.81M. Importantly, I want to thank our loyal investors and fellow WULFpack members for sticking with us through an unimaginably challenging year. Mining Disrupt Conference July 25-27, 2023 Miami . 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.. 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. 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 . 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. Paul Prager is the Co-Founder, Chairman and CEO of TeraWulf Inc., a leading clean energy digital asset company. The Nautilus Cryptomine facility, a joint venture with Talen Energy Corporation, is in the initial stages of ramping its mining operations and is expected to provide 50 MW of net mining capacity to TeraWulf in Q1 2023, representing the Companys 25% interest in the joint venture. All Rights Reserved. You must click the activation link in order to complete your subscription. 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. . Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. 1 Source: Cambridge Bitcoin Electricity Consumption Index (CBECI) (ccaf.io). The company was founded on February 8, 2021 and is headquartered in Easton, MD. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. Fleet of deployed miners reached approximately 18,000 with a hash rate capacity over 2.0 EH/s. Jason New is the Co-Founder and Managing Partner of NovaWulf Digital Management, an institutionally focused digital asset infrastructure investment firm. Mr. Carter's extensive leadership background brings a strong commitment to corporate ethics, values and business practices to the board of directors. 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. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. There can be no assurance that future developments will be those that have been anticipated. 22. Ms. Motz brings to the board of directors extensive leadership and public policy experience.