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 facilities powered by more than 91% zero-carbon energy, provided an unaudited monthly production and operations update for December 2022. 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. While there has been significant progress this year, much more remains to be done. August 11th, 2021, 2:00 PM PDT. Mr. Farrell holds a B.S. 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. CEO of Terawulf Inc ( 30-Year Financial, Insider Trades) Paul B. Prager ( insider trades) bought 66,000 shares of WULF on 12/23/2021 at an average price of $12.85 a share. 3. One member, TeraWulf, has pledged to run cryptocurrency mines using more than 90 percent zero-carbon energy. 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. Despite weather-related price volatility in December, the Company projects an average cost of power of approximately $0.035/kWh across its two sites. Twitter View on Twitter. I said that I was right alongside you as a shareholder and that I would continue to invest personally in TeraWulf. 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. 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 . He received his BSBA in economics from theUniversity of Arizona. Mining Disrupt Conference July 25-27, 2023 Miami . 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. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. Most recently, Mr. Deane was an executive with Heorot Power Holdings LLC, an owner and operator of power generation assets. He holds a B.S. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. 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. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. Prior to joining the bank, Ms. Prager was a partner in law firms where she focused on government investigations. Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. 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. New Executive Interview with TeraWulf CTO and COO Nazar Khan. 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. Mr. Khan received a B.S. 2022 Terawulf. February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager . Paul Prager. in accounting from the University of Florida. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. 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. 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. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. Founded in 2021 by Nazar Khan and Paul Prager, who were senior executives of Beowulf, an energy infrastructure company Prager had launched in 1990, Terawulf pitched itself as a "leading. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. from Boston University and is admitted to practice law in New York and Germany. Terawulf met en place une usine minire alimente par l'nergie nuclaire appele Nautilus. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. Chairman of the Board, Chief Executive Officer, Co-Founder . At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. Paul Prager, TeraWulf CEO and Founder, discusses crypto regulation and green mining. With a core focus on ESG that ties directly to its business success, TeraWulf expects to offer attractive mining economics at an industrial scale. from the University of Pennsylvania. Mr. Khan received a B.S. 1. 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. And if you dont want to invest in a bitcoin mining company, call us. in Industrial Psychology & History from Washington & Lee University. Also Known As Paul B. Prager. 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. 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. fromYale Universityand J.D. 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 has over 12 years of energy experience in renewables, grid optimization, digitalization and storage cross-business solutions. Entry into a Material Definitive Agreement. Mr. Carter's extensive leadership background brings a strong commitment to corporate ethics, values and business practices to the board of directors. from Duke University School of Law. Before joining Semtech, Mr. Harrison held analyst positions with increasing levels of responsibility at Wunderlich Securities, Signal Hill Capital Group and Pacific Growth Equities. Paul Prager is the Co-Founder, Chairman and CEO of TeraWulf Inc., a leading clean energy digital asset company. 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. Beowulf is led by its founder, Chairman, and Chief Executive Officer, Paul B. Prager. Co-Founder, Chairman & Chief Executive Officer, Co-Founder, Chief Operating Officer & Chief Technology Officer. 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. Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. In doing so, we believe that we will be able to generate increasing cash flow throughout the year, which will give us further financial leverage to scale our mining operations. 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 . Se non vuoi che noi e i nostri partner utilizziamo i cookie e i dati personali per questi scopi aggiuntivi, clicca su "Rifiuta tutto". Ms. Motz previously served on the University System ofMaryland BoardofRegentsfromJune 2014throughMarch 2015 and as a Deputy Chief of Staff to Maryland GovernorMartin O'Malley. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. You can sign up for additional alert options at any time. 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"). Her distinguished career in both nonprofit and government will help TeraWulf execute on its strategy of sustainable growth and community impact. 1 December 2022 results are based on estimated power costs, which remain subject to standard month end adjustments. New Executive Interview with TeraWulf CTO and COO Nazar Khan. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. "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. Mr. Deane brings more than 20 years of financial and operational experience in the power, high tech and public accounting sectors. TeraWulf cofounder and CEO Paul Prager joins us to talk about his experience building a vertically-integrated, zero carbon Bitcoin miner. 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> Mr. Khan received a B.S. Our corporate governance framework promotes accountability, transparency, and effective decision making to ensure the long-term success of the business. 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. If you experience any issues with this process, please contact us for further assistance. Mr. New brings to the board of directors a wealth of experience in complex financial structuring and optimization in a public company setting. Under his leadership, theU.S. Location New York, New York, United States. Previously, Mr. New was a senior member of the Distressed Finance Group at Credit Suisse and Donaldson, Lufkin and Jenrette. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. Paul Prager is the Chairman, Co-Founder & CEO at TeraWulf. If you experience any issues with this process, please contact us for further assistance. 2022 Terawulf. TeraWulf Announces Closing of $28 Million Underwritten Equity Offering and Over-Allotment Option. "December represented another month of robust growth for TeraWulf. 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. All Rights Reserved. TeraWulf's Prager on cryptocurrency market. You can sign up for additional alert options at any time. 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. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Paul Prager is the Chairman of the Board of Directors. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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.
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