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 After submitting your request, you will receive an activation email to the requested email address. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. Paul Prager. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. Chairman of the Board, Chief Executive Officer, Co-Founder . 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. He earned a B.A. Paul Prager - Chairman, Co-Founder & CEO @ TeraWulf - Crunchbase Watch TeraWulf's Prager on cryptocurrency market - Bloomberg | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. 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. Before that, he was a Managing Director at Blackstones global credit platform, GSO Capital Partners. 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"). 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. Paul Prager is the Co-Founder and Chief Executive Officer of TeraWulf Inc, and the Chairman of the Board of Directors. In addition, TeraWulf Inc. saw -0.84% in overturn over a single year, with a tendency to cut further losses. 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. The . 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. These warrants will convert back to common stock without any price differential. What is Paul B. Stock Market | FinancialContent Business Page Co-Founder, and Chief Executive Officer of TeraWulf Inc. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity . New Executive Interview with TeraWulf CTO and COO Nazar Khan. TeraWulf CEO Paul Prager - Zero Carbon Bitcoin (Video) - SeekingAlpha Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. TeraWulf Inc. is a digital asset technology company, which is engaged in the business of sustainable bitcoin mining. Paul Weiss, Rifkind, Wharton & Garrison LLP is serving as legal advisor and Moelis & Company LLC acted as exclusive placement agent to TeraWulf in connection with the debt and equity financing.. By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. An Open Letter from TeraWulf Chairman and CEO Paul Prager Mr. Farrell holds a B.S. She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. 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. 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. 2022 Terawulf. As part of our recent and likely final capital raise, my co-founder and COO, Nazar Khan, and I purchased an additional $2.5 million of equity at the market price. dvelopper et amliorer nos produits et services. 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. Paul Prager Chief Executive Officer; Director: 1388889: Award at $ 0. . TeraWulf Announces Closing of $28 Million Underwritten Equity Offering and Over-Allotment Option. Path to Positive Cash Flow from Operations in 2023 and Beyond. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. Under his leadership, theU.S. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Ted Carter became the eighth president of theUniversity of NebraskainJanuary 2020after retiring as Vice Admiral following 38 years of service in the U.S.Navy. I believe that is more than any leadership team in the sector and underscores our confidence in WULFs mission and what we are building. in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder. . TeraWulf will generate domestically produced bitcoin powered by nuclear, hydro and solar energy. 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. It has been four weeks since I shared my reflections on TeraWulfs achievements in 2022 and stated goals for 2023. and M.S. 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. For the avoidance of doubt, I did not sell 12 million shares. 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. TeraWulf Is Attracting A-List Investors For Its Sustainable Bitcoin We will remain laser-focused on scaling mining operations at our existing sites while opportunistically pursuing strategic opportunities in a financially responsible manner. Together, for more . L'exploitation minire nuclaire de Bitcoin Terawulf n'est qu'une April 22, 2022, 4:20 PM. Best-In-Class Management Team - TeraWulf Inc. 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. Finally, as you consider investing in the space, look at our public disclosures. Prior to BlockTower, Mr. Bucella spent nearly a decade with Goldman Sachs in a variety of roles. 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 . 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. in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Jobs to stay in Duluth following sale of Ikonics 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. and a B.A. Naval Academy, his alma matter. Bitcoin miners want to recast themselves as eco-friendly
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