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EASTON, Md., March 3, 2022 /PRNewswire/ — TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Firm”), which was fashioned to personal and function totally built-in environmentally clear bitcoin mining amenities in the US, at the moment introduced the appointment of Michael Bucella to its Board of Administrators, efficient instantly.
Michael Bucella brings expertise and crypto expertise to the Board of Administrators and presently serves as a companion and the World Head of Strategic Partnerships and Enterprise Growth at BlockTower Capital, a number one institutional cryptocurrency funding agency. Previous to becoming a member of BlockTower, he spent almost a decade with Goldman Sachs working the multi-asset gross sales and buying and selling enterprise for the Canada area, main efforts to increase the technique globally.
“Welcoming Michael to our Board is a vital step for TeraWulf as we increase the expertise and expertise of our Board to match the wants of our rising enterprise,” stated Paul Prager, Chief Govt Officer of TeraWulf. “As we construct momentum throughout the early ramping of our bitcoin mining operations, Michael brings helpful perception from his deep institutional crypto asset and blockchain experience. He additionally has direct operational data, having partnered with numerous progressive firms which can be executing on their development methods. TeraWulf is on the forefront of constructing a extra resilient, trendy electrical grid and accelerating the transition to a zero-carbon future and we’re wanting ahead to Michael contributing to our efforts.”
“TeraWulf is introducing a brand new paradigm for cryptocurrency mining and I consider the Firm has an thrilling future forward,” stated Mr. Bucella. “Working with Paul and his proficient workforce, we’ll proceed to advance TeraWulf’s mission to offer domestically produced bitcoin powered by 100% zero-carbon vitality.”
As well as, TeraWulf introduced that it has appointed Kerri Langlais, Chief Technique Officer at TeraWulf, to its Board. Ms. Langlais is chargeable for the event and implementation of the Firm’s general company technique, enterprise growth, strategic partnerships, and development initiatives and brings greater than 20 years of M&A, financing, technique and energy sector expertise to the Board of Administrators.
Mr. Prager continued, “Kerri has been an exceptional steward of TeraWulf since its inception, contributing considerably to our standing as a number one environmentally sustainable bitcoin mining firm, and we’re proud so as to add her to the Board.”
“From the very starting, your entire workforce at TeraWulf has been dedicated to purpose-driven enterprise practices, decided clear vitality objectives, and help for communities through which we function and I’ll proceed to uphold these requirements as a member of the Board,” stated Ms. Langlais.
About Michael Bucella
Michael Bucella is a companion at BlockTower Capital, an institutional crypto asset and blockchain expertise funding agency. Previous to becoming a member of BlockTower, Mr. Bucella spent almost a decade with Goldman Sachs in New York, the place he most lately labored within the securities division working the multi-asset gross sales and buying and selling enterprise for the Canadian area and, prior, led the institutional world equities franchise for the Canadian area. Mr. Bucella joined Goldman Sachs in 2008 as a part of the agency’s asset administration division (GSAM), the place he centered on cross-asset, world funding methods for North American establishments.
Mr. Bucella is a graduate of Fordham College and presently a member of the Fordham College President’s Council. He’s additionally a mentor for the Techstars and Artistic Destruction Labs accelerator applications in each New York and Toronto.
About Kerri Langlais
Kerri Langlais is the Chief Technique Officer at TeraWulf and is chargeable for the event and implementation of the Firm’s general company technique, enterprise growth, strategic partnerships, and development initiatives. Ms. Langlais brings greater than 20 years of M&A, financing, technique and energy sector expertise. Ms. Langlais was previously an government at Beowulf Power LLC, a number one non-public vitality infrastructure firm, the place she led the corporate’s M&A and financing efforts. Previous to becoming a member of Beowulf, Ms. Langlais spent almost a decade within the Funding Banking Division at Goldman Sachs, the place she was most lately within the Pure Assets advisory group in New York. Ms. Langlais additionally labored at Harvard College the place she offered advisory to the College’s general monetary technique and planning. Ms. Langlais acquired her BA in Finance and graduated with honors from Boston School.
About TeraWulf
TeraWulf (Nasdaq: WULF) was fashioned by an skilled group of vitality entrepreneurs to personal and function totally built-in environmentally clear bitcoin mining amenities in the US. The Firm is growing two mining amenities, Lake Mariner in New York and Nautilus Cryptomine in Pennsylvania, with the target 800 megawatts of mining capability deployed by 2025, enabling over 23 exahash per second of anticipated hashrate. TeraWulf will generate domestically produced bitcoin powered by nuclear, hydro and photo voltaic vitality with a purpose of using 100% zero-carbon vitality. With a core focus of ESG that ties path to its enterprise success, TeraWulf expects to supply engaging mining economics at an industrial scale.
For extra data on TeraWulf, please go to www.TeraWulf.com or comply with @TeraWulfInc on Twitter.
Ahead-Wanting Statements
This press launch incorporates forward-looking statements inside the which means of the “secure harbor” provisions of the Non-public Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements embrace statements regarding anticipated future occasions and expectations that aren’t historic details. All statements, apart from statements of historic truth, are statements that might be deemed forward-looking statements. As well as, forward-looking statements are usually recognized by phrases comparable to “plan,” “consider,” “anticipate,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “undertaking,” “proceed,” “might,” “could,” “would possibly,” “doable,” “potential,” “predict,” “ought to,” “would” and different related phrases and expressions, though the absence of those phrases or expressions doesn’t imply {that a} assertion will not be forward-looking. Ahead-looking statements are based mostly on the present expectations and beliefs of TeraWulf’s administration and are inherently topic to numerous elements, dangers, uncertainties and assumptions and their potential results. There will be no assurance that future developments shall be these which were anticipated. Precise outcomes could fluctuate materially from these expressed or implied by forward- wanting statements based mostly on numerous elements, dangers, uncertainties and assumptions, together with, amongst others: (1) situations within the cryptocurrency mining business, together with fluctuation out there pricing of bitcoin and different cryptocurrencies, and the economics of cryptocurrency mining, together with as to variables or elements affecting the associated fee, effectivity and profitability of cryptocurrency mining; (2) competitors among the many varied suppliers of information mining providers; (3) adjustments in relevant legal guidelines, rules and/or permits affecting TeraWulf’s operations or the industries through which it operates, together with regulation concerning energy era, cryptocurrency utilization and/or cryptocurrency mining; (4) the flexibility to implement sure enterprise targets and to well timed and cost-effectively execute built-in tasks; (5) failure to acquire satisfactory financing on a well timed foundation and/or on acceptable phrases with regard to development methods or operations; (6) lack of public confidence in bitcoin or different cryptocurrencies and the potential for cryptocurrency market manipulation; (7) the potential of cybercrime, money-laundering, malware infections and phishing and/or loss and interference on account of tools malfunction or break-down, bodily catastrophe, information safety breach, pc malfunction or sabotage (and the prices related to any of the foregoing); (8) the provision, supply schedule and value of apparatus needed to take care of and develop the enterprise and operations of TeraWulf, together with mining tools and tools assembly the technical or different specs required to attain its development technique; (9) employment workforce elements, together with the lack of key staff; (10) litigation referring to TeraWulf, IKONICS and/or the enterprise mixture; and (11) the flexibility to acknowledge the anticipated targets and advantages of the enterprise mixture. Potential traders, stockholders and different readers are cautioned to not place undue reliance on these forward- wanting statements, which communicate solely as of the date on which they had been made. TeraWulf doesn’t assume any obligation to publicly replace any forward- wanting assertion after it was made, whether or not on account of new data, future occasions or in any other case, besides as required by legislation or regulation.
Contacts
TeraWulf
Michael Freitag / Joseph Sala / Lyle Weston
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
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SOURCE TeraWulf Inc.
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