Mr. New has over 26 years of investment experience and, previous to Onex, was a Senior Managing Director of Blackstone and Co-Head of Distressed and Special Situation Investing for GSO Capital Partners (GSO). The Lake Mariner facility sources attractively priced power in Western New York where 91% of market energy comes from zero-carbon resources, including from the Niagara Hydroelectric Power Station, which is located 35 miles from the Lake Mariner facility. and a B.A. Thats right, we bought at market while this transformational equity raise came at a modest discount to the market. 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. About 11,500 are proprietary miners with a hash rate capacity of approximately 1.4 EH/s. Mr. Carter is a Distinguished Flying Cross and Bronze Star recipient. You must click the activation link in order to complete your subscription. dvelopper et amliorer nos produits et services. Successfully navigated extreme operating conditions during Winter Storm Elliot (the "Storm"), quickly returning to full output at the Storms close. Mr. New brings to the board of directors a wealth of experience in complex financial structuring and optimization in a public company setting. 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. We believe these strategic steps will position TeraWulf forlong-term, sustainable growth. Terawulf Stock Ownership - Who Owns Terawulf in 2023? - WallStreetZen 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. Paul Prager is the Co-Founder, Chairman and CEO of TeraWulf Inc., a leading clean energy digital asset company. . Feb 1 2023. 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. Mr. Most recently, he ran the Multi-Asset Sales & Trading business in Canada and led efforts to expand this strategy globally. Terawulf Inc (WULF) CEO Paul B. Prager Bought $848,100 of Shares - Yahoo! 2022 Terawulf. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. 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. "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. Jobs to stay in Duluth following sale of Ikonics 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 unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Ms. Prager received a B.A. Per saperne di pi su come utilizziamo i tuoi dati personali, consulta la nostra Informativa sulla privacy e la nostra Informativa sui cookie. Company profile for TeraWulf Inc. including key executives, insider trading, ownership, revenue and average growth rates. I believe that is more than any leadership team in the sector and underscores our confidence in WULFs mission and what we are building. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. In the last 2 years at Terawulf Inc, Paul B Prager has sold an estimated value of $0 worth. 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 Closing of $28 Million Underwritten Equity Offering and Over-Allotment Option. from the University of Pennsylvania. 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 . In addition, TeraWulf Inc. saw -0.84% in overturn over a single year, with a tendency to cut further losses. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. 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. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. 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. Mr. Prager has also founded and has been the President of Beowulf Energy LLC and its. 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 . She also served as Deputy Legal Counsel to Governor O'Malley and as the Interim Director of the Governor's Office for Children. Governance - Board of Directors - TeraWulf Inc. Mr. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. 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. Jason New is the Co-Founder and Managing Partner of NovaWulf Digital Management, an institutionally focused digital asset infrastructure investment firm. Paul Prager (TeraWulf) Building a Zero Carbon Bitcoin Miner TeraWulf Co-Founder, CEO & Chair of the Board Paul Prager joins Yahoo Finance Live to talk about zero carbon mining for bitcoin and other cryptocurrencies, outlook on . 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 . If you want to invest in a bitcoin mining company, come to TeraWulf. Bitcoin Miners Want to Recast Themselves as Eco-Friendly Prior to BlockTower, Mr. Bucella spent nearly a decade with Goldman Sachs in a variety of roles. Mr. Khan received a B.S. 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. In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. Our operations team effectively maintained our mining operations and deployed additional miners at Lake Mariner during one of the harshest weather events to hit the region, while also supporting the grid during periods of extreme stress," stated Paul Prager, Co-founder and Chief Executive Officer of TeraWulf. 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. Paul B. Prager is the largest individual Terawulf shareholder, owning 25.05M shares representing 19.52% of the company. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. Mr. Fleury began his career in the Global Energy & Power Investment Banking Group at Banc of America Securities, LLC. L'exploitation minire nuclaire de Bitcoin Terawulf n'est qu'une TeraWulf Retweeted. TeraWulf Issues an Open Letter from Chairman and CEO Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. Compare what we share: the breadth and depth of real data, with unbridled transparency, in a timely way. Your trust and confidence in TeraWulf have helped us build a remarkable company. in Mechanical Engineering with a certificate in Biomedical Engineering from the University of Colorado Boulder. Ikonics (NASDAQ:IKNX) investors will receive $5 in cash and one share in the new company for each share . You can sign up for additional alert options at any time. She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. News - Paul Prager Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. The Nautilus Cryptomine facility, a joint venture with Talen Energy Corporation, is in the initial stages of ramping its mining operations and is expected to provide 50 MW of net mining capacity to TeraWulf in Q1 2023, representing the Companys 25% interest in the joint venture. 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 . Press Releases. Ms. Motz previously served on the University System ofMaryland BoardofRegentsfromJune 2014throughMarch 2015 and as a Deputy Chief of Staff to Maryland GovernorMartin O'Malley. Our corporate governance framework promotes accountability, transparency, and effective decision making to ensure the long-term success of the business. Her distinguished career in both nonprofit and government will help TeraWulf execute on its strategy of sustainable growth and community impact.