Paul Prager is the Co-Founder and Chief Executive Officer of TeraWulf Inc, and the Chairman of the Board of Directors. 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. mesurer votre utilisation de nos sites et applications. He was an original Partner of GSO and a member of its Management Committee and Investment Committee. Paul Prager, chairman and CEO of TeraWulf, will hold the same positions in the new company. Mr. Pincus brings substantial risk management, financial oversight and operational expertise to the board of directors. TeraWulf generates domestically produced Bitcoin powered by nuclear, hydro, and solar energy with a goal of utilizing 100% zero-carbon energy. 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. You must click the activation link in order to complete your subscription. Authorized to Receive Notices and Communications) January 30, 2023 "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 . from Heidelberg University and an LL.M. Mr. Harrison brings decades of experience in financial and marketing communications, equity research, financial analysis, and strategic planning. 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. 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. 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. 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. 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. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. 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. in Industrial Psychology & History from Washington & Lee University. 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. 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. Thats right, we bought at market while this transformational equity raise came at a modest discount to the market. 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. Prior to joining the bank, Ms. Prager was a partner in law firms where she focused on government investigations. 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. He earned a B.A. He began his career at AIG and held senior roles at Johnson & Higgins and Aon. 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. and M.S. Ms. Motz brings to the board of directors extensive leadership and public policy experience. 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. 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 . Proprietary mining produced 125 Bitcoin in December 22, pushing Q4 22 total to 378 Bitcoin, reflecting a more than 220% increase over the Bitcoin produced in Q3 22, Total fleet of deployed miners reached 18,000 with over 2.0 EH/s of hash rate as of December 31, 2022, On track to bring additional 15,000 miners online at Nautilus Cryptomine in Q1 2023. in accounting from the University of Florida. Paul Prager is the founder of Beowulf Energy LLC, a private, independent infrastructure holding company that develops, builds, owns, and operates power generation and energy infrastructure. This has been our business for over 30 years. 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. Paul Prager is the Chairman of the Board of Directors. Ms. Fleischmann holds a J.D. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. I said that I was right alongside you as a shareholder and that I would continue to invest personally in TeraWulf. The Nautilus Cryptomine facility, a joint venture with Talen Energy Corporation, is in the initial stages of ramping its mining operations and is expected to provide 50 MW of net mining capacity to TeraWulf in Q1 2023, representing the Companys 25% interest in the joint venture. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. Self-mined 125 Bitcoin in December 2022 for a total of 378 Bitcoin produced in Q4 2022, a 223% increase as compared to 117 Bitcoin produced in Q3 2022. While there has been significant progress this year, much more remains to be done. 1 Source: Cambridge Bitcoin Electricity Consumption Index (CBECI) (ccaf.io). TeraWulf Inc. is a digital asset technology company, which is engaged in the business of sustainable bitcoin mining. 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. April 22, 2022, 4:20 PM. 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. 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. Ms. Motz also taught as an adjunct professor at theUniversity of Maryland School of Law. Mr. Khan received a B.S. Paul B Prager owns about 31,534,679 units of Terawulf Inc common stock. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. The Company maintains its estimated average power cost of approximately $0.035/kWh across its portfolio. 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. Naval Academy, his alma matter. Paul Prager is the Chief Executive Officer and the chair of the board of directors of TeraWulf. The . 1 December 2022 results are based on estimated power costs, which remain subject to standard month end adjustments. Mr. Deane brings more than 20 years of financial and operational experience in the power, high tech and public accounting sectors. LinkedIn View on LinkedIn. 410-770-9500 (Name, Address and Telephone Number of Person . Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. Last month, I highlighted the industry-leading investment level our executive team has made in the Company and the commitment it demonstrates. Mr. Prager has also founded and has been the President of Beowulf Energy LLC and its. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. He speaks with Guy Johnson and Alix . Fleet of deployed miners reached approximately 18,000 with a hash rate capacity over 2.0 EH/s. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. Ms. Fleischmann holds a J.D. An Open Letter to Shareholders from TeraWulf Chairman and CEO Paul Prager. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. This is HUGE. Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Ms. Motz graduated summa cum laude fromDartmouth Collegewith a B.A. TeraWulf is an infrastructure-focused bitcoin mining company accelerating the transition to a zero-carbon future. Paul Prager to Lead TeraWulf Foundation for Social Health Sustainability Programs January 13, 2022 by Spy Desk Email TeraWulf today announced the formation of the TeraWulf Charitable Foundation, a private, philanthropic organization focused on funding and participating in social health, environmental and sustainability programs. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. 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. 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. 1. Power volatility in 2022 underscored the importance of power contracts. 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. Prior to BlockTower, Mr. Bucella spent nearly a decade with Goldman Sachs in a variety of roles. The Company operates approximately 18,000 Bitcoin miners with a hash rate capacity over 2.0 EH/s at its Lake Mariner facility. Your trust and confidence in TeraWulf have helped us build a remarkable company. 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. Mr. Deane brings more than 20 years of financial and operational experience in the power, high tech and public accounting sectors. 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. 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. 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. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience.
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