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. TeraWulf went public after it agreed in June to merge with Ikonics . and a B.A. Meltem Demirors, Chief Strategy Officer . Paul Prager is the Chairman, Co-Founder & CEO at TeraWulf. | Privacy Policy. You must click the activation link in order to complete your subscription. in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. THE WOODLANDS, Texas, Aug. 3, 2021 /PRNewswire/ -- Talen Energy Corporation ("Talen" or "the Company") announced today that, as part of its strategic transformation to a renewable energy and digital infrastructure growth platform, it has entered into a Joint Venture with TeraWulf Inc. ("TeraWulf"), a U.S.-based bitcoin mining company, to develop up to 300 Megawatts of zero-carbon bitcoin . 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. 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"). Mr. Harrison brings decades of experience in financial and marketing communications, equity research, financial analysis, and strategic planning. In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. 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. in Industrial Psychology & History from Washington & Lee University. TeraWulf. CEO Paul Prager discusses moving from energy industry, next gen bitcoin mining, joining forces with Gwyneth Paltrow. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Fleet of deployed miners reached approximately 18,000 with a hash rate capacity over 2.0 EH/s. 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. Jason New is the Co-Founder and Managing Partner of NovaWulf Digital Management, an institutionally focused digital asset infrastructure investment firm. Since the Storms departure, New York market prices have corrected to pre-December levels. Prior to BlockTower, Mr. Bucella spent nearly a decade with Goldman Sachs in a variety of roles. Co-Founder, Chief Operating Officer & Chief Technology Officer. Mr. Pincus brings substantial risk management, financial oversight and operational expertise to the board of directors. New Executive Interview with TeraWulf CTO and COO Nazar Khan. Paul Prager, CEO and Founder of bitcoin mining company TeraWulf, on how they are generating environmentally sustainable bitcoin and crypto mining practices. 2022 Terawulf. Company profile for TeraWulf Inc. including key executives, insider trading, ownership, revenue and average growth rates. This is HUGE. Twitter View on Twitter. Chairman of the Board, Chief Executive Officer, Co-Founder . Mr. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. 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. The Company is scheduled to receive over 18,000 additional miners from Bitmain over the coming months. The Company maintains its estimated average power cost of approximately $0.035/kWh across its portfolio. What is Paul B. 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 Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. He was an original Partner of GSO and a member of its Management Committee and Investment Committee. . Authorized to Receive Notices and Communications) January 30, 2023 He earned a B.A. ESG is at the core of TeraWulfs corporate strategy and ties directly to its business success, risk mitigation, and reputational value. from Boston University and is admitted to practice law in New York and Germany. We will remain laser-focused on scaling mining operations at our existing sites while opportunistically pursuing strategic opportunities in a financially responsible manner. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. Most recently, Mr. Deane was an executive with Heorot Power Holdings LLC, an owner and operator of power generation assets. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Self-mined 157 Bitcoin in January 2023, a >25% increase over December 2022. "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 . Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Paul B. Prager's Terawulf shares are currently valued at $15.81M. 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. Si vous ne souhaitez pas que nos partenaires et nousmmes utilisions des cookies et vos donnes personnelles pour ces motifs supplmentaires, cliquez sur Refuser tout. Mr. Fleury began his career in the Global Energy & Power Investment Banking Group at Banc of America Securities, LLC. Paul Prager, chairman and CEO of TeraWulf, will hold the same positions in the new company. and a B.A. As further evidence of my conviction, I have not sold a share, directly or indirectly. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. 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. 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. 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. Before that, he was a Managing Director at Blackstones global credit platform, GSO Capital Partners. Sean Farrell is a Vice President of Operations for TeraWulf Inc., where he is responsible for coordinating and overseeing the companys data center operations and vertical integration strategy. fromYale Universityand J.D. Under his leadership, theU.S. Ms. Prager brings broad legal, compliance, and regulatory expertise to the TeraWulf board of directors. Mr. Farrell has over 12 years of energy experience in renewables, grid optimization, digitalization and storage cross-business solutions. We are prepared to demonstrate the importance of what we do and how we do it. 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 entering private practice, Ms. Prager was a federal prosecutor in the U.S. Attorneys Office for the District of Columbia, as well as Acting Assistant Secretary and Deputy Assistant Secretary for Export Enforcement at the U.S. Department of Commerces Bureau of Industry and Security. LinkedIn View on LinkedIn. Ikonics (NASDAQ:IKNX) investors will receive $5 in cash and one share in the new company for each share . TeraWulfs business is conducted by its employees and executive officers with oversight from a distinguished and diversified board of directors. Ms. Motz also taught as an adjunct professor at theUniversity of Maryland School of Law. 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 . Location New York, New York, United States. "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 . To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Co-Founder, Chairman & Chief Executive Officer, Co-Founder, Chief Operating Officer & Chief Technology Officer. TeraWulf Announces January 2023 Production and Operations Updates. 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. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. 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. Shares of TeraWulf (WULF), an environmentally minded bitcoin miner, plunged almost 30% in their first day of trading on Tuesday. For the avoidance of doubt, I did not sell 12 million shares. It has been four weeks since I shared my reflections on TeraWulfs achievements in 2022 and stated goals for 2023. 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. 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. mesurer votre utilisation de nos sites et applications. 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. 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. 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. TeraWulf is an infrastructure-focused bitcoin mining company accelerating the transition to a zero-carbon future. Paul Prager. In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. Co-Founder, Chairman & Chief Executive Officer. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. Mr. Harrison brings decades of experience in financial and marketing communications, equity research, financial analysis, and strategic planning. Mr. Khan received a B.S. 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 . 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. Compare what we share: the breadth and depth of real data, with unbridled transparency, in a timely way. . You must click the activation link in order to complete your subscription. Also Known As Paul B. Prager. Read our most recent investor deck here. Mr. 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. Naval Academyreached the No. Mr. Khan received a B.S. Despite weather-related price volatility in December, the Company projects an average cost of power of approximately $0.035/kWh across its two sites. Nous, Yahoo, faisons partie de la famille de marques Yahoo. TeraWulf cofounder and CEO Paul Prager joins us to talk about his experience building a vertically-integrated, zero carbon Bitcoin miner. Ms. Prager received a B.A. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. and a B.A. TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining facilities in the United States. If you experience any issues with this process, please contact us for further assistance. Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. Paul B. Prager is the largest individual Terawulf shareholder, owning 25.05M shares representing 19.52% of the company. If you experience any issues with this process, please contact us for further assistance. He holds a B.S. Deployed fleet of 18,000 miners exceeding hash rate . 22. Most recently, Mr. Deane was an executive with Heorot Power Holdings LLC, an owner and operator of power generation assets. February 2023 Dear Shareholders, . 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. and M.S. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. "Everyone I talk to now is talking about carbon neutrality," said Paul Prager, the CEO of TeraWulf. Attended United States Naval Academy. Mr. Bucella brings to the board of directors extensive capital markets experience, institutional knowledge, and deep experience in the digital asset space. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. If you want to invest in a bitcoin mining company, come to TeraWulf. If you experience any issues with this process, please contact us for further assistance. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. And in that short period, our team has accomplished key milestones that we believe will be foundational in achieving our . Read More WULF Stock News Headlines Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. 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. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. 2022 Terawulf. . TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining facilities in the United States. 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. She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. August 11th, 2021, 2:00 PM PDT. Be assured that I am here with you and will continue to personally invest in TeraWulf. 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. He speaks with Guy Johnson and Alix . Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. Our best days are ahead of us. 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. 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. 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.
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