Together, for more . Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity . As further evidence of my conviction, I have not sold a share, directly or indirectly. . Item 1.01. Because our confidence in TeraWulf is stronger than ever as we build upon, and begin to realize, our distinguishing advantages. New Executive Interview with TeraWulf CTO and COO Nazar Khan. Read More WULF Stock News Headlines Naval Academyreached the No. 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. Webcast Ikonics (NASDAQ:IKNX) investors will receive $5 in cash and one share in the new company for each share . Naval Academy, his alma matter. Deployed fleet of 18,000 miners exceeding hash rate . 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. He is also part of the global Corporate Risk and Broking leadership team. 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. in Economics from Allegheny College and a J.D. 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"). Mr. Pincus brings substantial risk management, financial oversight and operational expertise to the board of directors. Green bitcoin miner TeraWulf going public via reverse merger. This past year was a transformational year for TeraWulf and the crypto industry at large. mesurer votre utilisation de nos sites et applications. . 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. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. It is led by energy entrepreneur Paul Prager and a seasoned team with many leadership positions held by women, including Chief Strategy . 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 At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Ms. Prager received a B.A. Mr. Chairman of the Board, Chief Executive Officer, Co-Founder . She also served as Deputy Legal Counsel to Governor O'Malley and as the Interim Director of the Governor's Office for Children. Feb 2 2023. Ms. Motz previously served on the University System ofMaryland BoardofRegentsfromJune 2014throughMarch 2015 and as a Deputy Chief of Staff to Maryland GovernorMartin O'Malley. 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. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. 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. Mr. Fleury brings 22 years of finance experience, comprising of capital markets, principal investing, and advisory roles. Ms. Motz graduated summa cum laude fromDartmouth Collegewith a B.A. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. 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. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. TeraWulf Announces Proposed Public Offering of Common Stock . 1. Her distinguished career in both nonprofit and government will help TeraWulf execute on its strategy of sustainable growth and community impact. 22. Ms. Fleischmann holds a J.D. New Executive Interview with TeraWulf CTO and COO Nazar Khan. in Industrial Psychology & History from Washington & Lee University. Ms. Motz brings to the board of directors extensive leadership and public policy experience. TeraWulf Announces Closing of $28 Million Underwritten Equity Offering and Over-Allotment Option. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. You must click the activation link in order to complete your subscription. Twitter View on Twitter. TeraWulf, Inc. owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States. TeraWulf generates domestically produced Bitcoin powered by nuclear, hydro, and solar energy with a goal of utilizing 100% zero-carbon energy. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. 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. 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. Today, I write in gratitude: proud of our accomplishments, inspired by our extraordinary employees, and confident in our strategy. from the University of Pennsylvania. Jason New is the Co-Founder and Managing Partner of NovaWulf Digital Management, an institutionally focused digital asset infrastructure investment firm. 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. You can sign up for additional alert options at any time. Most recently, Mr. Deane was an executive with Heorot Power Holdings LLC, an owner and operator of power generation assets. Puoi modificare le tue scelte in qualsiasi momento cliccando sui link "Dashboard privacy" sui nostri siti e sulle nostre app. 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. 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. 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. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. Paul B. Prager's Terawulf shares are currently valued at $15.81M. Before joining Semtech, Mr. Harrison held analyst positions with increasing levels of responsibility at Wunderlich Securities, Signal Hill Capital Group and Pacific Growth Equities. Power prices increased dramatically during the severe weather event that crossed most of the United States in December, increasing Lake Mariners operating cost during the days of local impact. 2022 Terawulf. We will remain laser-focused on scaling mining operations at our existing sites while opportunistically pursuing strategic opportunities in a financially responsible manner. Co-Founder, Chairman & Chief Executive Officer. Successfully navigated extreme operating conditions during Winter Storm Elliot (the "Storm"), quickly returning to full output at the Storms close. Mr. Prager has also founded and has been the President of Beowulf Energy LLC and its. She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. Regions Greater New York Area, East Coast, Northeastern US. He began his career at AIG and held senior roles at Johnson & Higgins and Aon. Shares of TeraWulf (WULF), an environmentally minded bitcoin miner, plunged almost 30% in their first day of trading on Tuesday. 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. Mr. Bucella brings to the board of directors extensive capital markets experience, institutional knowledge, and deep experience in the digital asset space. in history and earned a J.D. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. What is Paul B. TeraWulf is an infrastructure-focused bitcoin mining company accelerating the transition to a zero-carbon future. 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. Self-mined 157 Bitcoin in January 2023, a >25% increase over December 2022. Steven Pincusserves as an Executive Vice President with global insurance companyWillis Towers Watsonand is the Global Head of Broking for the firm's FINEX business. The company was founded on February 8, 2021 and is headquartered in Easton, MD. With over 40 years of experience, Mr. Pincus has extensive experience in the energy and high-tech sectors. Terawulf (NASDAQ: WULF) is owned by 9.57% institutional shareholders, 79.43% Terawulf insiders, and 11.00% retail investors. 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. Mr. Fleury brings 22 years of finance experience, comprising of capital markets, principal investing, and advisory roles. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 2022 Terawulf. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. 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.. In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. 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 . Despite weather-related price volatility in December, the Company projects an average cost of power of approximately $0.035/kWh across its two sites. 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. 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). Our best days are ahead of us. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. This past year, our management team invested over $15 million of our personal capital in the Company. Mr. Farrell holds a B.S. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Authorized to Receive Notices and Communications) January 30, 2023 Feb 1 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. Paul Prager, chairman and CEO of TeraWulf, will hold the same positions in the new company. Co-Founder, Chairman & Chief Executive Officer, Co-Founder, Chief Operating Officer & Chief Technology Officer. Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. 4. Fifth Amendment to Loan Agreement. 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. TeraWulf Inc. is a digital asset technology company, which is engaged in the business of sustainable bitcoin mining. 1 Source: Cambridge Bitcoin Electricity Consumption Index (CBECI) (ccaf.io). 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. 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 . . These warrants will convert back to common stock without any price differential. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. 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. 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. TeraWulf Inc. WULF ("TeraWulf" or the . And if you dont want to invest in a bitcoin mining company, call us. 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. Yahoo fa parte della famiglia di brand di Yahoo. 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. TeraWulf Retweeted. The . "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. February 2023 Dear Shareholders, . For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. "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.". 53 Palmeras Street, Suite 601 . After submitting your request, you will receive an activation email to the requested email address. "December represented another month of robust growth for TeraWulf. TeraWulf went public after it agreed in June to merge with Ikonics . Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. He graduated from the Navy Fighter Weapons School (Top Gun) inMiramar, California, and was commander for the Carrier Strike Group Twelve, in which he commanded 20 ships, two nuclear-powered aircraft carriers and two carrier air wings that were deployed toAfghanistanin the Arabian Gulf. 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. 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. in Industrial Psychology & History from Washington & Lee University. ESG is at the core of TeraWulfs corporate strategy and ties directly to its business success, risk mitigation, and reputational value. Our industrial-scale mining facilities in New York and Pennsylvania will mine Bitcoin using cost-effective, zero-carbon energy.
Larry Bird Daughter Wnba, Articles P