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. Meltem Demirors, Chief Strategy Officer . Co-Founder, Chairman & Chief Executive Officer, Co-Founder, Chief Operating Officer & Chief Technology Officer. 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. For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. 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. TeraWulf is an infrastructure-focused bitcoin mining company accelerating the transition to a zero-carbon future. 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 the matter of just a few weeks, we raised what we plan to be the final funding needed to bridge the Company to self-sustaining operations, only a few months away. 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. An Open Letter to Shareholders 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. Last month, I highlighted the industry-leading investment level our executive team has made in the Company and the commitment it demonstrates. Despite weather-related price volatility in December, the Company projects an average cost of power of approximately $0.035/kWh across its two sites. TeraWulf's Prager on cryptocurrency market. 1 public school ranking by Forbes and expanded academic opportunity and diversity. 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. and a B.A. CEO Paul Prager discusses moving from energy industry, next gen bitcoin mining, joining forces with Gwyneth Paltrow. He holds a B.S. 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. For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. 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 . and a B.A. 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. 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. Paul Prager is the Chairman of the Board of Directors. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. Most recently, he ran the Multi-Asset Sales & Trading business in Canada and led efforts to expand this strategy globally. 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. 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. Khan previously served as Executive Vice President of Beowulf Energy LLC for nearly 20 years, where he led the firms acquisition and development efforts. 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. fromYale Universityand J.D. Lisa Pragerserves as General Counsel and Executive Vice President of the Agricultural Bank ofChinaNew YorkBranch. Paul B. Prager is the largest individual Terawulf shareholder, owning 25.05M shares representing 19.52% of the company. Your trust and confidence in TeraWulf have helped us build a remarkable company. It has been four weeks since I shared my reflections on TeraWulfs achievements in 2022 and stated goals for 2023. Naval Academy, his alma matter. TeraWulf, Inc. owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States. Beowulf is led by its founder, Chairman, and Chief Executive Officer, Paul B. Prager. 2022 Terawulf. In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. This has been our business for over 30 years. 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. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. and M.S. Mr. Carter is a Distinguished Flying Cross and Bronze Star recipient. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. 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. She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. Co-Founder, and Chief Executive Officer of TeraWulf Inc. 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. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. Since the Storms departure, New York market prices have corrected to pre-December levels. and M.S. Stefanie Fleischmann is General Counsel & Secretary of TeraWulf Inc., where she oversees all legal and compliance matters for the company. from Boston University and is admitted to practice law in New York and Germany. 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. New Executive Interview with TeraWulf CTO and COO Nazar Khan. Your trust and confidence in TeraWulf have helped us build a remarkable company. TeraWulf cofounder and CEO Paul Prager joins us to talk about his experience building a vertically-integrated, zero carbon Bitcoin miner. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. In addition, TeraWulf Inc. saw -0.84% in overturn over a single year, with a tendency to cut further losses. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. TeraWulfs business is conducted by its employees and executive officers with oversight from a distinguished and diversified board of directors. She later served as a Deputy Attorney General for theDistrict of Columbiagovernment, representing the city's child welfare and mental health agencies. Today, I write in gratitude:. February 2023 Dear Shareholders, . 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. Paul Prager is the Co-Founder, Chairman and CEO of TeraWulf Inc., a leading clean energy digital asset company. After submitting your request, you will receive an activation email to the requested email address. from Heidelberg University and an LL.M. Co-Founder, Chief Operating Officer & Chief Technology Officer. He was an original Partner of GSO and a member of its Management Committee and Investment Committee. Mr. Fleury began his career in the Global Energy & Power Investment Banking Group at Banc of America Securities, LLC. This past year was a transformational year for TeraWulf and the crypto industry at large. TeraWulf Retweeted. Prior to BlockTower, Mr. Bucella spent nearly a decade with Goldman Sachs in a variety of roles. Paul Prager is the Co-Founder and Chief Executive Officer of TeraWulf Inc, and the Chairman of the Board of Directors. Fleet of deployed miners reached approximately 18,000 with a hash rate capacity over 2.0 EH/s. Co-Founder, Chairman & Chief Executive Officer. He speaks with Guy Johnson and Alix . 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. I also want to address the confusion out there regarding the perceived sale of stock. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. . TeraWulf. Deployed fleet of 18,000 miners exceeding hash rate . Chairman of the Board, Chief Executive Officer, Co-Founder . Ms. Langlais received her BA in Finance and graduated with honors from Boston College. 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. Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. Paul Prager "TeraWulf " BTC TeraWulf 100% BTC Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. 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> By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. . Today, the Companys wholly-owned Lake Mariner facility has approximately 60 MW of operational mining capacity, and TeraWulf expects to reach 110 MW of capacity at the facility in Q2 2023. All Rights Reserved. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. For the avoidance of doubt, I did not sell 12 million shares. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. About TeraWulf TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining. TeraWulf Announces Closing of $28 Million Underwritten Equity Offering and Over-Allotment Option. While there has been significant progress this year, much more remains to be done. Jason New is the Co-Founder and Managing Partner of NovaWulf Digital Management, an institutionally focused digital asset infrastructure investment firm. from Boston University and is admitted to practice law in New York and Germany. Co-Founder, and Chief Executive Officer of TeraWulf Inc. He holds a B.S. In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. Self-mined 157 Bitcoin in January 2023, a >25% increase over December 2022. from Duke University School of Law. We are prepared to demonstrate the importance of what we do and how we do it. 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 He began his career at AIG and held senior roles at both Johnson & Higgins and Aon. "For 2023, we plan to aggressively expand our deployed hash rate as we continue to receive miner shipments with a goal of reaching 5.5 EH/s of sustainable, operating mining capacity.". Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining facilities in the United States. Co-Founder, Chairman & Chief Executive Officer. After submitting your request, you will receive an activation email to the requested email address. "We believe the continued ramp of our proprietary mining capacity coupled with our industry-leading power costs distinguishes TeraWulf as one of the lowest cost Bitcoin miners in the sector," continued Prager. 1 Source: Cambridge Bitcoin Electricity Consumption Index (CBECI) (ccaf.io). 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. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. "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 . "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 . It is led by energy entrepreneur Paul Prager and a seasoned team with many leadership positions held by women, including Chief Strategy . 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. TeraWulf Announces January 2023 Production and Operations Updates. Mr. Fleury brings 22 years of finance experience, comprising of capital markets, principal investing, and advisory roles. Feb 1 2023. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. If you experience any issues with this process, please contact us for further assistance. Enter TeraWulf, which believes it has a better way forward. 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. from WesternNew England UniversitySchool of Law. As further evidence of my conviction, I have not sold a share, directly or indirectly. Cassie Motz is the Executive Director of the CollegeBound Foundation inBaltimore. Mr. Deane brings more than 20 years of financial and operational experience in the power, high tech and public accounting sectors. By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. He earned a BS in Finance, Economics & Accounting from Fordham University. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. Most recently, Mr. Deane was an executive with Heorot Power Holdings LLC, an owner and operator of power generation assets. TeraWulf generates domestically produced Bitcoin powered by nuclear, hydro, and solar energy with a goal of utilizing 100% zero-carbon energy. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining facilities in the United States. 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. 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. A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. 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 . This is HUGE.
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