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If you experience any issues with this process, please contact us for further assistance. 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. He began his career at AIG and held senior roles at both Johnson & Higgins and Aon. LinkedIn View on LinkedIn. 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"). Green bitcoin miner TeraWulf going public via reverse merger. New Executive Interview with TeraWulf CTO and COO Nazar Khan. TeraWulf cofounder and CEO Paul Prager joins us to talk about his experience building a vertically-integrated, zero carbon Bitcoin miner. Ms. Fleischmann holds a J.D. Item 1.01. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. Why? She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. Feb 1 2023. 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. Farrell holds a B.S. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. Mr. Carter's extensive leadership background brings a strong commitment to corporate ethics, values and business practices to the board of directors. Our operations team effectively maintained our mining operations and deployed additional miners at Lake Mariner during one of the harshest weather events to hit the region, while also supporting the grid during periods of extreme stress," stated Paul Prager, Co-founder and Chief Executive Officer of TeraWulf. 2022 Terawulf. 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. What differentiates TeraWulf is that we own and operate our facilities, control our power supply and utilize 91%+ zero-carbon energy sources.. "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 . 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. Fifth Amendment to Loan Agreement. Our best days are ahead of us. Per saperne di pi su come utilizziamo i tuoi dati personali, consulta la nostra Informativa sulla privacy e la nostra Informativa sui cookie. 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. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. TeraWulf Announces January 2023 Production and Operations Updates. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. Mr. New brings to the board of directors a wealth of experience in complex financial structuring and optimization in a public company setting. All Rights Reserved. Cassie Motz is the Executive Director of the CollegeBound Foundation inBaltimore. Paul Prager is the Co-Founder and Chief Executive Officer of TeraWulf Inc, and the Chairman of the Board of Directors. TeraWulf does not assume any obligation to publicly update any forward-looking statement after it was made, whether as a result of new information, future events or otherwise, except as required by law or regulation. Your trust and confidence in TeraWulf have helped us build a remarkable company. Previously, Mr. New was a senior member of the Distressed Finance Group at Credit Suisse and Donaldson, Lufkin and Jenrette. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. Lisa Pragerserves as General Counsel and Executive Vice President of the Agricultural Bank ofChinaNew YorkBranch. Co-Founder, and Chief Executive Officer of TeraWulf Inc. 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. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. 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. Energy Intensive Bitcoin Mining: Can the Use of Renewables Answer Critics of Cryptocurrency. Entry into a Material Definitive Agreement. 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"). Last month, I highlighted the industry-leading investment level our executive team has made in the Company and the commitment it demonstrates. Mr. Pincus brings substantial risk management, financial oversight and operational expertise to the board of directors. 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 . 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 to Speak at the 2022 Bitcoin Conference February 22, 2022 Yahoo Finance Bitcoin mining as 'energy infrastructure': TeraWulf CEO details zero carbon emission operation December 14, 2021 New York Times A New Focus on Amazon Warehouses December 13, 2021 Seeking Alpha Gwyneth Paltrow invests in green bitcoin miner TeraWulf 12> Read More WULF Stock News Headlines Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. TeraWulf Inc. (Nasdaq: WULF) ("TeraWulf" or the "Company"), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more than 91% zero-carbon energy, today announced that today announced that the Company's Co-founder, Chairman and Chief Executive Officer, Paul Prager, has issued an open letter to shareholders. Successfully navigated extreme operating conditions during Winter Storm Elliot (the "Storm"), quickly returning to full output at the Storms close. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. 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. | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. Insider Trading. CEO Paul Prager discusses moving from energy industry, next gen bitcoin mining, joining forces with Gwyneth Paltrow. Regions Greater New York Area, East Coast, Northeastern US. from Boston University and is admitted to practice law in New York and Germany. and M.S. 2022 Terawulf. Before that, he was a Managing Director at Blackstones global credit platform, GSO Capital Partners. 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 ability to raise private capital underscores the attractiveness of bringing a new paradigm for cryptocurrency mining to the public markets," CEO Paul Prager said in a statement. | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. 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. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. 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. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. We are prepared to demonstrate the importance of what we do and how we do it. Ikonics (NASDAQ:IKNX) investors will receive $5 in cash and one share in the new company for each share . She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. from WesternNew England UniversitySchool of Law. An Open Letter to Shareholders from TeraWulf Chairman and CEO Paul Prager. Path to Positive Cash Flow from Operations in 2023 and Beyond. 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. from the University of Pennsylvania. Pour en savoir plus sur la faon dont nous utilisons vos donnes personnelles, veuillez consulter notre politique relative la vie prive et notre politique en matire de cookies. TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining facilities in the United States. TeraWulf Announces Closing of $28 Million Underwritten Equity Offering and Over-Allotment Option. in Economics from Allegheny College and a J.D. Paul Prager, CEO and Founder of bitcoin mining company TeraWulf, on how they are generating environmentally sustainable bitcoin and crypto mining practices. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. 410-770-9500 (Name, Address and Telephone Number of Person . Under his leadership, theU.S. He was an original Partner of GSO and a member of its Management Committee and Investment Committee. 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. 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. For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. Paul Prager is the Chairman of the Board of Directors. 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. About 11,500 are proprietary miners with a hash rate capacity of approximately 1.4 EH/s. If you experience any issues with this process, please contact us for further assistance. Mr. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. Reports are indicating that there were more than several insider trading activities at WULF starting from Prager Paul B., who purchase 317,259 shares at the price of $7.88 back on Apr 11. in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. from Heidelberg University and an LL.M. in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. You can sign up for additional alert options at any time. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. 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. You must click the activation link in order to complete your subscription. After submitting your request, you will receive an activation email to the requested email address. Paul Prager, Chairman & Chief Executive Officer of TeraWulf, said, "TeraWulf represents an exciting new paradigm for cryptocurrency mining, which is built on a significant strategic. Chairman of the Board, Chief Executive Officer, Co-Founder . Mr. Deane brings more than 20 years of financial and operational experience in the power, high tech and public accounting sectors. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. 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 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.. Most recently, Mr. Carter served as Superintendent of theU.S. Id like to take a moment to highlight a few key milestones that we achieved during our first year as a public company: What differentiates TeraWulf is that we own and operate our facilities, control our power supply and utilize 91%+ zero-carbon energy sources. 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 . 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. February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager . Paul Prager "TeraWulf " BTC TeraWulf 100% BTC He earned a B.A. 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. TeraWulf. Mr. Harrison brings decades of experience in financial and marketing communications, equity research, financial analysis, and strategic planning. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. 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). Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. He holds a B.S. 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. 22. Mr. Fleury brings 22 years of finance experience, comprising of capital markets, principal investing, and advisory roles. And in that short period, our team has accomplished key milestones that we believe will be foundational in achieving our . To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 1 Source: Cambridge Bitcoin Electricity Consumption Index (CBECI) (ccaf.io). Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. . While there has been significant progress this year, much more remains to be done. 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. San Juan, Puerto Rico 00901 . She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. 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 Paul Prager is the Co-Founder, Chairman and CEO of TeraWulf Inc., a leading clean energy digital asset company.