He began his career at AIG and held senior roles at both Johnson & Higgins and Aon. 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. She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. Item 1.01. TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining facilities in the United States. 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. She also served as Deputy Legal Counsel to Governor O'Malley and as the Interim Director of the Governor's Office for Children. 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. . Energy Intensive Bitcoin Mining: Can the Use of Renewables Answer Critics of Cryptocurrency? With over 40 years of experience, Mr. Pincus has extensive experience in the energy and high-tech sectors. 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 . 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. Most recently, Mr. Deane was an executive with Heorot Power Holdings LLC, an owner and operator of power generation assets. It is led by energy entrepreneur Paul Prager and a seasoned team with many leadership positions held by women, including Chief Strategy . and a B.A. Mr. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. 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"). One member, TeraWulf, has pledged to run cryptocurrency mines using more than 90 percent zero-carbon energy. 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. from Heidelberg University and an LL.M. Mr. Bucella brings to the board of directors extensive capital markets experience, institutional knowledge, and deep experience in the digital asset space. 1 Source: Cambridge Bitcoin Electricity Consumption Index (CBECI) (ccaf.io). Mr. Khan received a B.S. TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining facilities in the United States. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. 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. 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. 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. 53 Palmeras Street, Suite 601 . 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. If you want to invest in a bitcoin mining company, come to TeraWulf. Mr. Harrison brings decades of experience in financial and marketing communications, equity research, financial analysis, and strategic planning. 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. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. 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. 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 . "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 . Paul Prager is the Chairman, Co-Founder & CEO at TeraWulf. 2022 Terawulf. 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. Co-Founder, and Chief Executive Officer of TeraWulf Inc. 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 trading and power generation. TeraWulf cofounder and CEO Paul Prager joins us to talk about his experience building a vertically-integrated, zero carbon Bitcoin miner. All Rights Reserved. from the University of Pennsylvania. By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. Entry into a Material Definitive Agreement. from the University of Pennsylvania. The company was founded on February 8, 2021 and is headquartered in Easton, MD. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. 2022 Terawulf. "Our ability to secure this new capital, together with the near-term deployment of the S19 XP miners at Lake Mariner, is further indication of TeraWulf's continued momentum," said Paul Prager . 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. Be assured that I am here with you and will continue to personally invest in TeraWulf. 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. Before that, he was a Managing Director at Blackstones global credit platform, GSO Capital Partners. 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. New Executive Interview with TeraWulf CTO and COO Nazar Khan. In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Ms. Prager received a B.A. Gender Male. You could say it all started with a bundt cake. You can sign up for additional alert options at any time. Our best days are ahead of us. This is HUGE. in history and earned a J.D. She later served as a Deputy Attorney General for theDistrict of Columbiagovernment, representing the city's child welfare and mental health agencies. 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. mesurer votre utilisation de nos sites et applications. Our priority continues to be reducing costs and deploying those resources towards the Companys path to positive cash flow from operations in 2023. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. dvelopper et amliorer nos produits et services. For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. 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. 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 . Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. Mining Disrupt Conference July 25-27, 2023 Miami . 22. 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. Paul Prager. Previous to this role, Mr. Bucella led the Institutional Global Equities business, also in Canada. I believe that is more than any leadership team in the sector and underscores our confidence in WULFs mission and what we are building. 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. 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. Mr. Fleury brings 22 years of finance experience, comprising of capital markets, principal investing, and advisory roles. 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. Green bitcoin miner TeraWulf going public via reverse merger. 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. and M.S. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. About TeraWulf TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager . Path to Positive Cash Flow from Operations in 2023 and Beyond. Your trust and confidence in TeraWulf have helped us build a remarkable company. fromYale Universityand J.D. New Executive Interview with TeraWulf CTO and COO Nazar Khan. He holds a B.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. In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. from WesternNew England UniversitySchool of Law. Paul B. Prager is the largest individual Terawulf shareholder, owning 25.05M shares representing 19.52% of the company. She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. This past year was a transformational year for TeraWulf and the crypto industry at large. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. Power volatility in 2022 underscored the importance of power contracts. Co-Founder, Chief Operating Officer & Chief Technology Officer. Mr. Farrell holds a B.S. Thank you to all our investors, partners, and fellow WULFpack members for working with us to build the leading mining company. 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. Mr. Khan received a B.S. in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder. Most recently, he ran the Multi-Asset Sales & Trading business in Canada and led efforts to expand this strategy globally. . 1 December 2022 results are based on estimated power costs, which remain subject to standard month end adjustments. Paul Prager is the Co-Founder, Chairman and CEO of TeraWulf Inc., a leading clean energy digital asset company. Marathon Patent Group Company Contact: Jason Assad Telephone: 678-570-6791 Today, I write in gratitude:. Paul Prager is the Chief Executive Officer and the chair of the board of directors of TeraWulf. Michael Bucella is a Partner and Global Head of Strategic Partnerships for BlockTower Capital, a leading institutional cryptocurrency investment firm bringing professional trading and portfolio management to an emerging digital asset class. Se non vuoi che noi e i nostri partner utilizziamo i cookie e i dati personali per questi scopi aggiuntivi, clicca su "Rifiuta tutto". Mr. Fleury brings 22 years of finance experience, comprising of capital markets, principal investing, and advisory roles. 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. Mr. Deane brings more than 20 years of financial and operational experience in the power, high tech and public accounting sectors. from Boston University and is admitted to practice law in New York and Germany. The . Insider Trading. What is Paul B. 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. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. All Rights Reserved. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. 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. Jason New is the Co-Founder and Managing Partner of NovaWulf Digital Management, an institutionally focused digital asset infrastructure investment firm. Webcast By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. 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. For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. He is also part of the global Corporate Risk and Broking leadership team. Paul Prager @PaulBPrager . in Economics from Allegheny College and a J.D. Press Releases. TeraWulf Announces Proposed Public Offering of Common Stock . Attended United States Naval Academy. He was an original Partner of GSO and a member of its Management Committee and Investment Committee. TeraWulf Inc. WULF ("TeraWulf" or the . CEO Paul Prager discusses moving from energy industry, next gen bitcoin mining, joining forces with Gwyneth Paltrow. | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. Paul Prager "TeraWulf " BTC TeraWulf 100% BTC TeraWulf, Inc. owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States. 410-770-9500 (Name, Address and Telephone Number of Person . Nous, Yahoo, faisons partie de la famille de marques Yahoo. 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. 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. He holds a B.S. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. 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 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. By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. Mr. Carter is a Distinguished Flying Cross and Bronze Star recipient. 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. Today, I write in gratitude: proud of our accomplishments, inspired by our extraordinary employees, and confident in our strategy. Mr. Carter's extensive leadership background brings a strong commitment to corporate ethics, values and business practices to the board of directors. Mr. Farrell has over 12 years of energy experience in renewables, grid optimization, digitalization and storage cross-business solutions. All Rights Reserved. "Everyone I talk to now is talking about carbon neutrality," said Paul Prager . April 22, 2022, 4:20 PM. Ms. Fleischmann holds a J.D. Ms. Fleischmann holds a J.D. 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. 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. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity . He earned a B.A. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. 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. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. 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. in accounting from the University of Florida. TeraWulf will generate domestically produced bitcoin powered by nuclear, hydro and solar energy. Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. 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. ESG is at the core of TeraWulfs corporate strategy and ties directly to its business success, risk mitigation, and reputational value. 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>