Paul Prager is the Chairman of the Board of Directors. Mining Disrupt Conference July 25-27, 2023 Miami . 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. Under his leadership, theU.S. Per saperne di pi su come utilizziamo i tuoi dati personali, consulta la nostra Informativa sulla privacy e la nostra Informativa sui cookie. and M.S. 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). Our priority continues to be reducing costs and deploying those resources towards the Companys path to positive cash flow from operations in 2023. Compare what we share: the breadth and depth of real data, with unbridled transparency, in a timely way. Before joining Semtech, Mr. Harrison held analyst positions with increasing levels of responsibility at Wunderlich Securities, Signal Hill Capital Group and Pacific Growth Equities. Ikonics (NASDAQ:IKNX) investors will receive $5 in cash and one share in the new company for each share . Cassie Motz is the Executive Director of the CollegeBound Foundation inBaltimore. Ms. Motz also taught as an adjunct professor at theUniversity of Maryland School of Law. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. Paul Prager and his family had been flying via helicopter between Manhattan and Easton, Maryland, for many yearsChesapeake Bay retrievers in towsplitting time between their five-bedroom Fifth Avenue co-op perched over the Met and their 250-acre estate on the Miles River, called Maiden Point Farm. "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 . 2022 Terawulf. Entry into a Material Definitive Agreement. Most recently, Mr. Carter served as Superintendent of theU.S. Mr. Khan received a B.S. "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. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. 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. He was an original Partner of GSO and a member of its Management Committee and Investment Committee. He began his career at AIG and held senior roles at both Johnson & Higgins and Aon. For the avoidance of doubt, I did not sell 12 million shares. Mr. Harrison brings decades of experience in financial and marketing communications, equity research, financial analysis, and strategic planning. Most recently, Mr. Deane was an executive with Heorot Power Holdings LLC, an owner and operator of power generation assets. 2022 Terawulf. Mr. New brings to the board of directors a wealth of experience in complex financial structuring and optimization in a public company setting. TeraWulf will generate domestically produced bitcoin powered by nuclear, hydro and solar energy. She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. Sincerely, Paul Prager Chairman and Chief Executive Officer About TeraWulf TeraWulf (Nasdaq: WULF) owns. 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). TeraWulf Announces January 2023 Production and Operations Updates. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. About TeraWulf TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining. 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. The Company is scheduled to receive over 18,000 additional miners from Bitmain over the coming months. . She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. Mr. Farrell holds a B.S. Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. 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. Despite weather-related price volatility in December, the Company projects an average cost of power of approximately $0.035/kWh across its two sites. Paul Prager Chief Executive Officer; Director: 1388889: Award at $ 0. . Mr. Carter's extensive leadership background brings a strong commitment to corporate ethics, values and business practices to the board of directors. from Yale Law School. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Previously, Mr. New was a senior member of the Distressed Finance Group at Credit Suisse and Donaldson, Lufkin and Jenrette. Energy Intensive Bitcoin Mining: Can the Use of Renewables Answer Critics of Cryptocurrency? TeraWulf Announces Closing of $28 Million Underwritten Equity Offering and Over-Allotment Option. 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. Enter TeraWulf, which believes it has a better way forward. Let me be clear we have a deal that should enable the Company to pay down principal when we have available free cash flow, instead of adhering to a mandatory payment schedule. 410-770-9500 (Name, Address and Telephone Number of Person . Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. Prior to NovaWulf, Mr. New was the Head of Onex Credit, a leading asset manager with more than $23 billion of assets under management. Twitter View on Twitter. "TeraWulf made remarkable operational advancements in January as we continued to make significant progress towards expanding capacity at Lake Mariner with the addition of Building 2, and energization of the Nautilus Cryptomine facility, which will be the first behind the meter bitcoin mining facility utilizing low cost, zero-carbon nuclear power at scale in the U.S.," stated Paul Prager . Co-Founder, Chairman & Chief Executive Officer. Lisa Pragerserves as General Counsel and Executive Vice President of the Agricultural Bank ofChinaNew YorkBranch. "TeraWulf's ability to raise private capital underscores the attractiveness of bringing a new paradigm for cryptocurrency mining to the public markets," said Paul Prager, Chairman and Chief . 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. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Thats right, we bought at market while this transformational equity raise came at a modest discount to the market. As further evidence of my conviction, I have not sold a share, directly or indirectly. Meltem Demirors, Chief Strategy Officer . TeraWulf Announces Proposed Public Offering of Common Stock . A graduate of the United States Naval Academy, Mr. Prager is a member of the investment committee and Trustee of the USNA Foundation. 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"). 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. Co-Founder, Chief Operating Officer & Chief Technology Officer. With a core focus on ESG that ties directly to its business success, TeraWulf expects to offer attractive mining economics at an industrial scale. 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. Green bitcoin miner TeraWulf going public via reverse merger. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. 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 . New Executive Interview with TeraWulf CTO and COO Nazar Khan. 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 (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining facilities in the United States. Mr. Farrell holds a B.S. 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. Co-Founder, and Chief Executive Officer of TeraWulf Inc. After submitting your request, you will receive an activation email to the requested email address. She later served as a Deputy Attorney General for theDistrict of Columbiagovernment, representing the city's child welfare and mental health agencies. Energy Intensive Bitcoin Mining: Can the Use of Renewables Answer Critics of Cryptocurrency. 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. Power volatility in 2022 underscored the importance of power contracts. Regions Greater New York Area, East Coast, Northeastern US.