Before joining Semtech, Mr. Harrison held analyst positions with increasing levels of responsibility at Wunderlich Securities, Signal Hill Capital Group and Pacific Growth Equities. Thats right, we bought at market while this transformational equity raise came at a modest discount to the market. We believe these strategic steps will position TeraWulf forlong-term, sustainable growth. | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. TeraWulf's Prager on cryptocurrency market. 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. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. in Industrial Psychology & History from Washington & Lee University. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. Jason New is the Co-Founder and Managing Partner of NovaWulf Digital Management, an institutionally focused digital asset infrastructure investment firm. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. 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. "The language has absolutely changed." But financial priorities and technological barriers in the crypto mining industry, which includes more than a dozen publicly traded companies like Argo, are preventing a complete shift to renewable . LinkedIn View on LinkedIn. By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. Naval Academyreached the No. 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. from the University of Pennsylvania. 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. 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. 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. Per saperne di pi su come utilizziamo i tuoi dati personali, consulta la nostra Informativa sulla privacy e la nostra Informativa sui cookie. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. As a nearly entirely zero-carbon miner, we believe we are strategically positioned relative to our peers in what will be an increasingly stringent regulatory environment. Before joining Semtech, Mr. Harrison held analyst positions with increasing levels of responsibility at Wunderlich Securities, Signal Hill Capital Group and Pacific Growth Equities. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. He received his BSBA in economics from theUniversity of Arizona. These warrants will convert back to common stock without any price differential. 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. 1 December 2022 results are based on estimated power costs, which remain subject to standard month end adjustments. Attended United States Naval Academy. 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. Finally, as you consider investing in the space, look at our public disclosures. Her distinguished career in both nonprofit and government will help TeraWulf execute on its strategy of sustainable growth and community impact. 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. She also served as Deputy Legal Counsel to Governor O'Malley and as the Interim Director of the Governor's Office for Children. 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. This has been our business for over 30 years. 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. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. and M.S. I believe that is more than any leadership team in the sector and underscores our confidence in WULFs mission and what we are building. Stefanie Fleischmann is General Counsel & Secretary of TeraWulf Inc., where she oversees all legal and compliance matters for the company. Ms. Prager brings broad legal, compliance, and regulatory expertise to the TeraWulf board of directors. Mr. Khan received a B.S. Mr. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. Most recently, Mr. Deane was an executive with Heorot Power Holdings LLC, an owner and operator of power generation assets. February 2023 Dear Shareholders, . With a core focus on ESG that ties directly to its business success, TeraWulf expects to offer attractive mining economics at an industrial scale. in accounting from the University of Florida. 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. 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. Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. Thank you to all our investors, partners, and fellow WULFpack members for working with us to build the leading mining company. 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. He earned a BS in Finance, Economics & Accounting from Fordham University. The Company maintains its estimated average power cost of approximately $0.035/kWh across its portfolio. What is Paul B. "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 . 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). Feb 1 2023. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. from the University of Pennsylvania. Feb 2 2023. A Peek Into the Origins of TeraWulf and Our Up-and-Coming Nuclear Facility. Before that, he was a Managing Director at Blackstones global credit platform, GSO Capital Partners. She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. . . Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. in history and earned a J.D. Paul Prager is the Chief Executive Officer and the chair of the board of directors of TeraWulf. 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"). The Company operates approximately 18,000 Bitcoin miners with a hash rate capacity over 2.0 EH/s at its Lake Mariner facility. He is also part of the global Corporate Risk and Broking leadership team. 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. in accounting from the University of Florida. TeraWulf, Inc. owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States. Our priority continues to be reducing costs and deploying those resources towards the Companys path to positive cash flow from operations in 2023. 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. Se non vuoi che noi e i nostri partner utilizziamo i cookie e i dati personali per questi scopi aggiuntivi, clicca su "Rifiuta tutto". A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. 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. Most recently, Mr. Carter served as Superintendent of theU.S. 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 "TeraWulf " BTC TeraWulf 100% BTC 22. 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. There can be no assurance that future developments will be those that have been anticipated. Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. 2022 Terawulf. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. Mr. Deane brings more than 20 years of financial and operational experience in the power, high tech and public accounting sectors. Fleet of deployed miners reached approximately 18,000 with a hash rate capacity over 2.0 EH/s. Paul Prager is the Chairman, Co-Founder & CEO at TeraWulf. Lisa Pragerserves as General Counsel and Executive Vice President of the Agricultural Bank ofChinaNew YorkBranch. Ms. Motz brings to the board of directors extensive leadership and public policy experience. Our industrial-scale mining facilities in New York and Pennsylvania will mine Bitcoin using cost-effective, zero-carbon energy. Co-Founder, and Chief Executive Officer of TeraWulf Inc. Marathon Patent Group Company Contact: Jason Assad Telephone: 678-570-6791 Energy Intensive Bitcoin Mining: Can the Use of Renewables Answer Critics of Cryptocurrency. from WesternNew England UniversitySchool of Law. Terawulf met en place une usine minire alimente par l'nergie nuclaire appele Nautilus. 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 . Ms. Prager received a B.A. 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. 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. 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. Prior to joining the bank, Ms. Prager was a partner in law firms where she focused on government investigations. Shares of TeraWulf (WULF), an environmentally minded bitcoin miner, plunged almost 30% in their first day of trading on Tuesday. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. 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. And if you dont want to invest in a bitcoin mining company, call us. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Path to Positive Cash Flow from Operations in 2023 and Beyond. Entry into a Material Definitive Agreement. All Rights Reserved. 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. Mr. New brings to the board of directors a wealth of experience in complex financial structuring and optimization in a public company setting. Bitcoin Miami - LIVE Panel with TeraWulf CEO Paul Prager - TeraWulf Inc. Company profile for TeraWulf Inc. including key executives, insider trading, ownership, revenue and average growth rates. After submitting your request, you will receive an activation email to the requested email address. As further evidence of my conviction, I have not sold a share, directly or indirectly. 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. and a B.A. Paul B Prager owns about 31,534,679 units of Terawulf Inc common stock. 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. 3. 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. 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 . We are prepared to demonstrate the importance of what we do and how we do it. Last month, I highlighted the industry-leading investment level our executive team has made in the Company and the commitment it demonstrates. 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"). Before that, he was a Managing Director at Blackstones global credit platform, GSO Capital Partners. 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. . Location New York, New York, United States. April 22, 2022, 4:20 PM. Puoi modificare le tue scelte in qualsiasi momento cliccando sui link "Dashboard privacy" sui nostri siti e sulle nostre app. . She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. Regions Greater New York Area, East Coast, Northeastern US. TeraWulf is an infrastructure-focused bitcoin mining company accelerating the transition to a zero-carbon future. Stefanie Fleischmann is Chief Legal Officer and Corporate Secretary of TeraWulf Inc., where she oversees all legal and compliance matters for the company. | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Enter TeraWulf, which believes it has a better way forward. August 11th, 2021, 2:00 PM PDT. An Open Letter to Shareholders from TeraWulf Chairman and CEO Paul Prager. Item 1.01. TeraWulf went public after it agreed in June to merge with Ikonics . Mr. Prager has also founded and has been the President of Beowulf Energy LLC and its. 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. I said that I was right alongside you as a shareholder and that I would continue to invest personally in TeraWulf. 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. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. 53 Palmeras Street, Suite 601 . 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. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Despite weather-related price volatility in December, the Company projects an average cost of power of approximately $0.035/kWh across its two sites. 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 Your trust and confidence in TeraWulf have helped us build a remarkable company. Ikonics (NASDAQ:IKNX) investors will receive $5 in cash and one share in the new company for each share . 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. You can sign up for additional alert options at any time. All Rights Reserved. New Executive Interview with TeraWulf CTO and COO Nazar Khan. Mining Disrupt Conference July 25-27, 2023 Miami . Mr. Carter's extensive leadership background brings a strong commitment to corporate ethics, values and business practices to the board of directors. from Boston University and is admitted to practice law in New York and Germany. Beowulf is led by its founder, Chairman, and Chief Executive Officer, 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. If you want to invest in a bitcoin mining company, come to TeraWulf. 1 public school ranking by Forbes and expanded academic opportunity and diversity. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation.
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