Stefanie Fleischmann is General Counsel & Secretary of TeraWulf Inc., where she oversees all legal and compliance matters for the company. Bitcoin Miner TeraWulf Raises $200M in Debt and Equity - CoinDesk 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. While there has been significant progress this year, much more remains to be done. 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. The total cost of. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. An Open Letter to Shareholders from TeraWulf Chairman and CEO Paul Prager. Under his leadership, theU.S. I also want to address the confusion out there regarding the perceived sale of stock. 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. One member, TeraWulf, has pledged to run cryptocurrency mines using more than 90 percent zero-carbon energy. TeraWulf is an infrastructure-focused bitcoin mining company accelerating the transition to a zero-carbon future. 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. The full text of the letter is below and available on the Company's website at www.terawulf.com: An Open Letter to Shareholders from TeraWulf Chairman and CEO Paul Prager February 2023 Dear. TeraWulf generates domestically produced Bitcoin powered by nuclear, hydro, and solar energy with a goal of utilizing 100% zero-carbon energy. Ted Carter became the eighth president of theUniversity of NebraskainJanuary 2020after retiring as Vice Admiral following 38 years of service in the U.S.Navy. 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. 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 (@TeraWulfInc) / Twitter What is Paul B. | 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. Twitter View on Twitter. 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. Gwyneth Paltrow-Backed Bitcoin Miner TeraWulf Plunges in - CoinDesk Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. 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. dvelopper et amliorer nos produits et services. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. 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. Thats right, we bought at market while this transformational equity raise came at a modest discount to the market. With over 40 years of experience, Mr. Pincus has extensive experience in the energy and high-tech sectors. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. What differentiates TeraWulf is that we own and operate our facilities, control our power supply and utilize 91%+ zero-carbon energy sources.. 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 . Form S-4 Filed in Connection with the Proposed Business - Insider Ms. Fleischmann holds a J.D. 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. New Executive Interview with TeraWulf CTO and COO Nazar Khan. TeraWulf Announces Proposed Public Offering of Common Stock . 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 . Ms. Langlais received her BA in Finance and graduated with honors from Boston College. 2022 Terawulf. 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. All Rights Reserved. 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. Terawulf met en place une usine minire alimente par l'nergie nuclaire appele Nautilus. Shares of TeraWulf (WULF), an environmentally minded bitcoin miner, plunged almost 30% in their first day of trading on Tuesday. Energy Intensive Bitcoin Mining: Can the Use of Renewables Answer Critics of Cryptocurrency? afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. 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"). WULF | TeraWulf Inc. Company Profile & Executives - WSJ Paul Prager is the Co-Founder and Chief Executive Officer of TeraWulf Inc, and the Chairman of the Board of Directors. Fifth Amendment to Loan Agreement. Paul B. Prager is the largest individual Terawulf shareholder, owning 25.05M shares representing 19.52% of the company. and a B.A. Press Releases. fromYale Universityand J.D. She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. Mr. Pincus brings substantial risk management, financial oversight and operational expertise to the board of directors. "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 . TeraWulf Issues an Open Letter from Chairman and CEO Mining Disrupt Conference July 25-27, 2023 Miami . Terawulf (NASDAQ: WULF) is owned by 9.57% institutional shareholders, 79.43% Terawulf insiders, and 11.00% retail investors. from Duke University School of Law. BTC TeraWulf 2 All Rights Reserved. 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. 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. Most recently, Mr. Carter served as Superintendent of theU.S. LinkedIn View on LinkedIn. Paul Prager, Chief Executive Officer and chairman of the board of TeraWulf, will participate in the Bitcoin 2022 Conference to speak on the Building New Grids panel on April 8, 2022 at 12:45 p.m . Paul Prager is the Chief Executive Officer and the chair of the board of directors of TeraWulf. Attended United States Naval Academy. Governance - Board of Directors - TeraWulf Inc. Read More WULF Stock News Headlines mesurer votre utilisation de nos sites et applications. San Juan, Puerto Rico 00901 . Co-Founder, and Chief Executive Officer of TeraWulf Inc. As further evidence of my conviction, I have not sold a share, directly or indirectly. 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. Nuclear Bitcoin Mining at Terawulf Is Only One Piece of the Green And if you dont want to invest in a bitcoin mining company, call us. 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 Miami - LIVE Panel with TeraWulf CEO Paul Prager - TeraWulf Inc. Lisa Pragerserves as General Counsel and Executive Vice President of the Agricultural Bank ofChinaNew YorkBranch. Authorized to Receive Notices and Communications) January 30, 2023 Paul Prager, chairman and CEO of TeraWulf, will hold the same positions in the new company. . Previous to this role, Mr. Bucella led the Institutional Global Equities business, also in Canada. TeraWulf went public after it agreed in June to merge with Ikonics . TeraWulf Announces Amendments to its Nautilus Joint Venture Agreement At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. Power volatility in 2022 underscored the importance of power contracts. Paul Prager is the Co-Founder, Chairman of the Board, and Chief Executive Officer of TeraWulf Inc. Path to Positive Cash Flow from Operations in 2023 and Beyond. Se vuoi personalizzare le tue scelte, clicca su "Gestisci le impostazioni per la privacy". Our priority continues to be reducing costs and deploying those resources towards the Companys path to positive cash flow from operations in 2023. "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 . 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. The New York Energy Mogul Who's Remaking an Eastern Shore Town . In addition, TeraWulf Inc. saw -0.84% in overturn over a single year, with a tendency to cut further losses. These warrants will convert back to common stock without any price differential. If you experience any issues with this process, please contact us for further assistance. 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. We believe these strategic steps will position TeraWulf forlong-term, sustainable growth. Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. 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. Since the Storms departure, New York market prices have corrected to pre-December levels. 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's Prager on Sustainable Bitcoin Mining - Bloomberg Co-Founder, Chairman & Chief Executive Officer. She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. Because our confidence in TeraWulf is stronger than ever as we build upon, and begin to realize, our distinguishing advantages. 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. in Economics from Allegheny College and a J.D. 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. Fleury brings 22 years of finance experience, comprising of capital markets, principal investing, and advisory roles. WULF Stock Forecast, Price & News (TeraWulf) - MarketBeat Ms. Motz brings to the board of directors extensive leadership and public policy experience. 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 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. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. from Heidelberg University and an LL.M. Ikonics (NASDAQ:IKNX) investors will receive $5 in cash and one share in the new company for each share . from the University of Pennsylvania. He was an original Partner of GSO and a member of its Management Committee and Investment Committee. 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. Our industrial-scale mining facilities in New York and Pennsylvania will mine Bitcoin using cost-effective, zero-carbon energy. Co-Founder, Chairman & Chief Executive Officer. Mr. Farrell holds a B.S. For the avoidance of doubt, I did not sell 12 million shares. Ms. Prager brings broad legal, compliance, and regulatory expertise to the TeraWulf board of directors. Mr. Deane brings more than 20 years of financial and operational experience in the power, high tech and public accounting sectors. 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 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. After submitting your request, you will receive an activation email to the requested email address. This has been our business for over 30 years. February 2023 Open Letter 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. TeraWulf: Zero-Carbon Bitcoin Mining 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 . Today, I write in gratitude:. Terawulf aims to promote eco-friendly Bitcoin mining Terawulf advertised itself as a "leading sustainable Bitcoin mining firm" when it was founded in 2021 by Nazar Khan and Paul Prager, who. 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. Our corporate governance framework promotes accountability, transparency, and effective decision making to ensure the long-term success of the business. Prior to BlockTower, Mr. Bucella spent nearly a decade with Goldman Sachs in a variety of roles. With a core focus on ESG that ties directly to its business success, TeraWulf expects to offer attractive mining economics at an industrial scale. La planta nuclear de Bitcoin de TeraWulf es solo una pieza del Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the Companys filings with the SEC, which are available at www.sec.gov. 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. Your trust and confidence in TeraWulf have helped us build a remarkable company. Self-mined 157 Bitcoin in January 2023, a >25% increase over December 2022. 3. L'exploitation minire nuclaire de Bitcoin Terawulf n'est qu'une Dear Shareholders, It has been four weeks since I shared my reflections on TeraWulf's achievements in 2022 and stated goals for 2023. Despite weather-related price volatility in December, the Company projects an average cost of power of approximately $0.035/kWh across its two sites. Paul B Prager owns about 31,534,679 units of Terawulf Inc common stock. Mr. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Mr. Deane brings more than 20 years of financial and operational experience in the power, high tech and public accounting sectors. Today, I write in gratitude: proud of our accomplishments, inspired by our extraordinary employees, and confident in our strategy. Paul B. Prager - Founder and CEO - TeraWulf | LinkedIn "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 . Today, I write in gratitude: proud of our accomplishments, inspired by our extraordinary employees, and confident in our strategy. 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. The company was founded on February 8, 2021 and is headquartered in Easton, MD. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. You can sign up for additional alert options at any time. I said that I was right alongside you as a shareholder and that I would continue to invest personally in TeraWulf. News - Paul Prager Also Known As Paul B. Prager. "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.". Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager . Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. Bitcoin miners want to recast themselves as eco-friendly Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Paul B Prager net worth, bio and Terawulf Inc insider trades. Paul Prager - CEO of TeraWulf Inc. - MD & NY 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. 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. from Boston University and is admitted to practice law in New York and Germany. An Open Letter to Shareholders from TeraWulf Chairman and CEO Paul Prager. Governance - Board of Directors - Person Details - Terawulf TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. Entry into a Material Definitive Agreement. "Everyone I talk to now is talking about carbon neutrality," said Paul Prager . Mr. Carter is a Distinguished Flying Cross and Bronze Star recipient. Her distinguished career in both nonprofit and government will help TeraWulf execute on its strategy of sustainable growth and community impact. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity . Mr. Khan received a B.S. 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). TeraWulf Issues an Open Letter to Shareholders from Chairman and CEO He earned a B.A. 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 . Co-Founder, Chairman & Chief Executive Officer, Co-Founder, Chief Operating Officer & Chief Technology Officer. Green bitcoin miner TeraWulf going public via reverse merger. 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"). Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. Paul Prager is the Chairman of the Board of Directors. Finally, as you consider investing in the space, look at our public disclosures. in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder.
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