He was an original Partner of GSO and a member of its Management Committee and Investment Committee. For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. Mr. Farrell has over 12 years of energy experience in renewables, grid optimization, digitalization and storage cross-business solutions. Insider Trading. Most recently, Mr. Deane was an executive with Heorot Power Holdings LLC, an owner and operator of power generation assets. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. | Privacy Policy. 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. Despite the turbulent backdrop, we remained steadfastly focused on building a scalable, vertically integrated Bitcoin mining company that uses low-cost, 91%+ zero-carbon energy. Paul Prager is the Chairman of the Board of Directors. What is Paul B. Event Details Bitcoin Miami - LIVE Panel with TeraWulf CEO Paul Prager April 8, 2022 12:45 PM ET Tune into Bitcoin Miami's LIVE Mining Stage stream featuring TeraWulf's CEO, Paul Prager. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. . TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. 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. Today, I write in gratitude: proud of our accomplishments, inspired by our extraordinary employees, and confident in our strategy. 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. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity . Marathon Patent Group Company Contact: Jason Assad Telephone: 678-570-6791 Naval Academyreached the No. 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 cofounder and CEO Paul Prager joins us to talk about his experience building a vertically-integrated, zero carbon Bitcoin miner. These warrants will convert back to common stock without any price differential. Power volatility in 2022 underscored the importance of power contracts. . Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. Mr. Farrell holds a B.S. Gender Male. 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). All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. After submitting your request, you will receive an activation email to the requested email address. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. I also want to address the confusion out there regarding the perceived sale of stock. Since the Storms departure, New York market prices have corrected to pre-December levels. 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 Prager, CEO and Founder of bitcoin mining company TeraWulf, on how they are generating environmentally sustainable bitcoin and crypto mining practices. in accounting from the University of Florida. Ikonics (NASDAQ:IKNX) investors will receive $5 in cash and one share in the new company for each share . 2022 Terawulf. What differentiates TeraWulf is that we own and operate our facilities, control our power supply and utilize 91%+ zero-carbon energy sources.. A Peek Into the Origins of TeraWulf and Our Up-and-Coming Nuclear Facility. As further evidence of my conviction, I have not sold a share, directly or indirectly. Item 1.01. By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. He earned a BS in Finance, Economics & Accounting from Fordham University. 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 Authorized to Receive Notices and Communications) January 30, 2023 in history and earned a J.D. in accounting from the University of Florida. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. "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 . Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. This past year, our management team invested over $15 million of our personal capital in the Company. 2022 Terawulf. in Economics from Allegheny College and a J.D. Mr. Deane brings more than 20 years of financial and operational experience in the power, high tech and public accounting sectors. Under his leadership, theU.S. 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. 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. Cassie Motz is the Executive Director of the CollegeBound Foundation inBaltimore. in Industrial Psychology & History from Washington & Lee University. Stefanie Fleischmann is General Counsel & Secretary of TeraWulf Inc., where she oversees all legal and compliance matters for the company. Mr. 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. It has been four weeks since I shared my reflections on TeraWulfs achievements in 2022 and stated goals for 2023. Your trust and confidence in TeraWulf have helped us build a remarkable company. 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. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. 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. All Rights Reserved. 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. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. 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 . Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Also Known As Paul B. Prager. 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. TeraWulf went public after it agreed in June to merge with Ikonics . Mr. Carter's extensive leadership background brings a strong commitment to corporate ethics, values and business practices to the board of directors. 1 December 2022 results are based on estimated power costs, which remain subject to standard month end adjustments. You can sign up for additional alert options at any time. Paul Prager is the Chairman of the Board of Directors. Co-Founder, Chairman & Chief Executive Officer, Co-Founder, Chief Operating Officer & Chief Technology Officer. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. 2022 Terawulf. Before joining Semtech, Mr. Harrison held analyst positions with increasing levels of responsibility at Wunderlich Securities, Signal Hill Capital Group and Pacific Growth Equities. Last month, I highlighted the industry-leading investment level our executive team has made in the Company and the commitment it demonstrates. One member, TeraWulf, has pledged to run cryptocurrency mines using more than 90 percent zero-carbon energy. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. The Lake Mariner facility sources attractively priced power in Western New York where 91% of market energy comes from zero-carbon resources, including from the Niagara Hydroelectric Power Station, which is located 35 miles from the Lake Mariner facility. Previous to this role, Mr. Bucella led the Institutional Global Equities business, also in Canada. About 11,500 are proprietary miners with a hash rate capacity of approximately 1.4 EH/s. Company profile for TeraWulf Inc. including key executives, insider trading, ownership, revenue and average growth rates. April 22, 2022, 4:20 PM. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. 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 must click the activation link in order to complete your subscription. 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 Retweeted. Most recently, Mr. Carter served as Superintendent of theU.S. 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. and M.S. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Co-Founder, and Chief Executive Officer of TeraWulf Inc. Paul Prager. All Rights Reserved. from Boston University and is admitted to practice law in New York and Germany. . In addition, forward-looking statements are typically identified by words such as "plan," "believe," "goal," "target," "aim," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, although the absence of these words or expressions does not mean that a statement is not forward-looking. from Yale Law School. On March 1, 2023 (the "Fifth Amendment Effective Date"), TeraWulf Inc. (the "Company") entered into an amendment (the "Fifth Amendment") to its Loan, Guaranty and Security Agreement, dated as of December 1, 2021 (as amended, modified or supplemented from time to time, the "Loan Agreement"), by and . 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. The company was founded on February 8, 2021 and is headquartered in Easton, MD. Mr. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. 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. and M.S. and a B.A. Paul Prager is the Co-Founder and Chief Executive Officer of TeraWulf Inc, and the Chairman of the Board of Directors. Paul Prager is the Co-Founder, Chairman and CEO of TeraWulf Inc., a leading clean energy digital asset company. All Rights Reserved. Energy Intensive Bitcoin Mining: Can the Use of Renewables Answer Critics of Cryptocurrency? Entry into a Material Definitive Agreement. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. Be assured that I am here with you and will continue to personally invest in TeraWulf. 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). 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 . CEO Paul Prager discusses moving from energy industry, next gen bitcoin mining, joining forces with Gwyneth Paltrow. Mr. New brings to the board of directors a wealth of experience in complex financial structuring and optimization in a public company setting. Jason New is the Co-Founder and Managing Partner of NovaWulf Digital Management, an institutionally focused digital asset infrastructure investment firm. Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. . 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. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. Ms. Prager received a B.A. While there has been significant progress this year, much more remains to be done. Co-Founder, Chief Operating Officer & Chief Technology Officer. 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. You could say it all started with a bundt cake. 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. Green bitcoin miner TeraWulf going public via reverse merger. 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 . He received his BSBA in economics from theUniversity of Arizona. Ms. Fleischmann holds a J.D. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. He began his career at AIG and held senior roles at both Johnson & Higgins and Aon. 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. "December represented another month of robust growth for TeraWulf. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. After submitting your request, you will receive an activation email to the requested email address. Prior to joining Beowulf, Ms. Fleischmann was a Senior Associate in the Mergers and Acquisitions Group at Paul, Weiss, Rifkind, Wharton & Garrison LLP, where she worked on a wide range of private and public M&A, joint venture, cross-border and financing transactions. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. 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. Most recently, he ran the Multi-Asset Sales & Trading business in Canada and led efforts to expand this strategy globally. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Despite weather-related price volatility in December, the Company projects an average cost of power of approximately $0.035/kWh across its two sites. 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. We will remain laser-focused on scaling mining operations at our existing sites while opportunistically pursuing strategic opportunities in a financially responsible manner. Mr. Farrell holds a B.S. Yahoo fa parte della famiglia di brand di Yahoo. 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. 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 . Regions Greater New York Area, East Coast, Northeastern US. This past year was a transformational year for TeraWulf and the crypto industry at large. Compare what we share: the breadth and depth of real data, with unbridled transparency, in a timely way. Terawulf (NASDAQ: WULF) is owned by 9.57% institutional shareholders, 79.43% Terawulf insiders, and 11.00% retail investors. 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. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. About TeraWulf TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining.

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