February 2023 Dear Shareholders, . CEO Paul Prager discusses moving from energy industry, next gen bitcoin mining, joining forces with Gwyneth Paltrow. 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. 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. "Everyone I talk to now is talking about carbon neutrality," said Paul Prager, the CEO of TeraWulf. TeraWulf Announces Proposed Public Offering of Common Stock . 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. If you experience any issues with this process, please contact us for further assistance. 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. Mr. Harrison holds an MBA in Finance & Accounting from Loyola University and a B.A. in Industrial Psychology & History from Washington & Lee University. "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 . 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. 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. 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 placement at a market price of $1.05 per share (the last reported sale price of the Company's common stock on the Nasdaq on January 26, 2023). We believe these strategic steps will position TeraWulf forlong-term, sustainable growth. Naval Academy, his alma matter. The Company is nearing final stages of construction at its two mining sites and expects to have a total operational capacity of 49,000 miners (5.5 EH/s) in early Q2 2023, representing about 160 MW of power demand. 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. TeraWulf Announces January 2023 Production and Operations Updates. Co-Founder, and Chief Executive Officer of TeraWulf Inc. Our best days are ahead of us. This past year was a transformational year for TeraWulf and the crypto industry at large. Read More WULF Stock News Headlines . Mr. Harrison brings decades of experience in financial and marketing communications, equity research, financial analysis, and strategic planning. Ms. Prager brings broad legal, compliance, and regulatory expertise to the TeraWulf board of directors. Last month, I highlighted the industry-leading investment level our executive team has made in the Company and the commitment it demonstrates. If you experience any issues with this process, please contact us for further assistance. and a B.A. Ms. Motz also taught as an adjunct professor at theUniversity of Maryland School of Law. This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. Jason New is the Co-Founder and Managing Partner of NovaWulf Digital Management, an institutionally focused digital asset infrastructure investment firm. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. He holds a B.S. Paul Prager. The Company maintains its estimated average power cost of approximately $0.035/kWh across its portfolio. Paul Prager "TeraWulf " BTC TeraWulf 100% BTC in Economics from Allegheny College and a J.D. Paul Prager is the Chief Executive Officer and the chair of the board of directors of TeraWulf. Importantly, I want to thank our loyal investors and fellow WULFpack members for sticking with us through an unimaginably challenging year. Ms. Motz graduated summa cum laude fromDartmouth Collegewith a B.A. It is led by energy entrepreneur Paul Prager and a seasoned team with many leadership positions held by women, including Chief Strategy . All Rights Reserved. . Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. The company was founded on February 8, 2021 and is headquartered in Easton, MD. Under his leadership, theU.S. Co-Founder, Chairman & Chief Executive Officer, Co-Founder, Chief Operating Officer & Chief Technology Officer. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. If you experience any issues with this process, please contact us for further assistance. | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. Co-Founder, Chairman & Chief Executive Officer. 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. Per saperne di pi su come utilizziamo i tuoi dati personali, consulta la nostra Informativa sulla privacy e la nostra Informativa sui cookie. "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 . 22. She also served as Deputy Legal Counsel to Governor O'Malley and as the Interim Director of the Governor's Office for Children. from the University of Pennsylvania. Paul Prager, Chairman & Chief Executive Officer of TeraWulf, said, "We are thrilled to join the Bitcoin Mining Council and are honored to support sustainable bitcoin mining. After submitting your request, you will receive an activation email to the requested email address. Most recently, Mr. Deane was an executive with Heorot Power Holdings LLC, an owner and operator of power generation assets. Your trust and confidence in TeraWulf have helped us build a remarkable company. 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 . Paul Prager is the Chairman, Co-Founder & CEO at TeraWulf. Gender Male. in accounting from the University of Florida. Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. Today, I write in gratitude:. 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. While there has been significant progress this year, much more remains to be done. New Executive Interview with TeraWulf CTO and COO Nazar Khan. Mr. Farrell has over 12 years of energy experience in renewables, grid optimization, digitalization and storage cross-business solutions. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. from Heidelberg University and an LL.M. TeraWulf will generate domestically produced bitcoin powered by nuclear, hydro and solar energy. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. 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. Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. 2022 Terawulf. Mr. Carter is a Distinguished Flying Cross and Bronze Star recipient. 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. Energy Intensive Bitcoin Mining: Can the Use of Renewables Answer Critics of Cryptocurrency. Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. "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 . Power volatility in 2022 underscored the importance of power contracts. Co-Founder, Chairman & Chief Executive Officer. 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. 1. Thank you to all our investors, partners, and fellow WULFpack members for working with us to build the leading mining company. in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder. 2022 Terawulf. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. from Yale Law School. Our corporate governance framework promotes accountability, transparency, and effective decision making to ensure the long-term success of the business. 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. Nous, Yahoo, faisons partie de la famille de marques Yahoo. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. Sincerely, Paul Prager Chairman and Chief Executive Officer About TeraWulf TeraWulf (Nasdaq: WULF) owns. 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 . 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Mr. Fleury brings 22 years of finance experience, comprising of capital markets, principal investing, and advisory roles. 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. Dear Shareholders, It has been four weeks since I shared my reflections on TeraWulf's achievements in 2022 and stated goals for 2023. Mr. in Industrial Psychology & History from Washington & Lee University. Ikonics (NASDAQ:IKNX) investors will receive $5 in cash and one share in the new company for each share . The Company operates approximately 18,000 Bitcoin miners with a hash rate capacity over 2.0 EH/s at its Lake Mariner facility. He began his career at AIG and held senior roles at both Johnson & Higgins and Aon. Paul Prager is the Co-Founder and Chief Executive Officer of TeraWulf Inc, and the Chairman of the Board of Directors. 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. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. He speaks with Guy Johnson and Alix . 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. 1 public school ranking by Forbes and expanded academic opportunity and diversity. 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 Semtech, Mr. Harrison held analyst positions with increasing levels of responsibility at Wunderlich Securities, Signal Hill Capital Group and Pacific Growth Equities. 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. New Executive Interview with TeraWulf CTO and COO Nazar Khan. This has been our business for over 30 years. Co-Founder, Chief Operating Officer & Chief Technology Officer. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Paul B. Prager's Terawulf shares are currently valued at $15.81M. A Peek Into the Origins of TeraWulf and Our Up-and-Coming Nuclear Facility. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. About 11,500 are proprietary miners with a hash rate capacity of approximately 1.4 EH/s. Reports are indicating that there were more than several insider trading activities at WULF starting from Prager Paul B., who purchase 317,259 shares at the price of $7.88 back on Apr 11. The Company is scheduled to receive over 18,000 additional miners from Bitmain over the coming months. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. You could say it all started with a bundt cake. 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. One member, TeraWulf, has pledged to run cryptocurrency mines using more than 90 percent zero-carbon energy. Marathon Patent Group Company Contact: Jason Assad Telephone: 678-570-6791 She later served as a Deputy Attorney General for theDistrict of Columbiagovernment, representing the city's child welfare and mental health agencies. Mr. Farrell has over 12 years of energy experience in renewables, grid optimization, digitalization and storage cross-business solutions. from Boston University and is admitted to practice law in New York and Germany. Chairman of the Board, Chief Executive Officer, Co-Founder . Mr. Deane brings more than 20 years of financial and operational experience in the power, high tech and public accounting sectors. TeraWulf is an infrastructure-focused bitcoin mining company accelerating the transition to a zero-carbon future. Our industrial-scale mining facilities in New York and Pennsylvania will mine Bitcoin using cost-effective, zero-carbon energy. from Duke University School of Law. April 22, 2022, 4:20 PM. Entry into a Material Definitive Agreement. and a B.A. dvelopper et amliorer nos produits et services. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. Se vuoi personalizzare le tue scelte, clicca su "Gestisci le impostazioni per la privacy". TeraWulf went public after it agreed in June to merge with Ikonics . 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. Paul B Prager owns about 31,534,679 units of Terawulf Inc common stock. She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. 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. Ms. Fleischmann holds a J.D. in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder. TeraWulf Inc. is a digital asset technology company, which is engaged in the business of sustainable bitcoin mining. Mr. Fleury brings 22 years of finance experience, comprising of capital markets, principal investing, and advisory roles. The Nautilus Cryptomine, located in Berwick, Pennsylvania, is directly connected to the Susquehanna Nuclear Station and pays a five-year fixed-price of $0.02/kWh, among the lowest in the Bitcoin mining sector. 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. As further evidence of my conviction, I have not sold a share, directly or indirectly. Mr. Fleury began his career in the Global Energy & Power Investment Banking Group at Banc of America Securities, LLC. . . Fifth Amendment to Loan Agreement. Previous to this role, Mr. Bucella led the Institutional Global Equities business, also in Canada. He earned a BS in Finance, Economics & Accounting from Fordham University. 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. The . Mr. Khan received a B.S. Before that, he was a Managing Director at Blackstones global credit platform, GSO Capital Partners. 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. All Rights Reserved. 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. 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. Paul Prager, TeraWulf CEO and Founder, discusses crypto regulation and green mining. Mr. Khan received a B.S. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. There can be no assurance that future developments will be those that have been anticipated. Beowulf is led by its founder, Chairman, and Chief Executive Officer, Paul B. Prager. Self-mined 157 Bitcoin in January 2023, a >25% increase over December 2022. Feb 1 2023. Mr. Farrell holds a B.S. 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