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About Us

TeraWulf represents a new paradigm for cryptomining, providing domestically produced Bitcoin by using more than 90% + zero carbon energy today. Our goal is that every kilowatt hour of energy we consume will come from a zero-carbon energy source.

We are developing and will own and operate fully-integrated Bitcoin mining facilities in strategic locations across the United States, generating attractive investor returns while providing sustainable benefits for our communities. Our industry leading development, engineering and energy markets expertise ensure we take the most efficient path from zero carbon electrons to cryptocurrency.

  • LEADERSHIP

    TeraWulf is led by an accomplished group of energy industry entrepreneurs with decades of commercial, financial, and technical expertise. Our leadership team has been working together for nearly 15 years in the energy infrastructure sector and is committed to our core values of excellence, accountability, and sustainability.

    • Paul Prager, CEO
      paul-prager
      Chief Executive Officer

      Paul Prager is the Chairman of the Board of Directors and Chief Executive Officer of TeraWulf Inc. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. 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.

    • Nazar Khan, COO
      Chief Operating Officer

      Nazar Khan is the Chief Operating Officer and serves on the Board of Directors for TeraWulf Inc. Mr. Khan brings tremendous experience in energy infrastructure and cryptocurrency mining and has led TeraWulf’s business strategy since day one. As COO, Mr. Khan will oversee the development and implementation of TeraWulf’s day-to-day operations, including hardware procurement, site evaluation, infrastructure buildout and identification of future growth opportunities. Mr. Khan previously served as Executive Vice President of Beowulf Energy LLC for nearly 20 years, where he led the firm’s acquisition and development efforts.  Prior to Beowulf, Mr. Khan worked at Evercore Partners Inc. in both investment banking and private equity. Mr. Khan received a B.S. and a B.A. from the University of Pennsylvania.

    • Kerri Langlais, CSO
      Chief Strategy Officer

      Kerri Langlais is the Chief Strategy Officer for TeraWulf Inc., where she is responsible for the development and implementation of the Company’s overall corporate strategy, business development, strategic partnerships, and growth initiatives.  Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. Most recently, Ms. Langlais was an executive at Beowulf Energy LLC, a leading private energy infrastructure company, where she led the company’s M&A and financing efforts. Before Beowulf, Ms. Langlais spent nearly a decade in the Investment Banking Division at Goldman Sachs, where she was most recently in the Natural Resources advisory group in New York.  Ms. Langlais also worked at Harvard University where she provided advisory to the University’s overall financial strategy and planning.  Ms. Langlais received her BA in Finance and graduated with honors from Boston College.

    • Kenneth Deane, CFO
      Chief Financial Officer

      Kenneth Deane is the Chief Financial Officer of TeraWulf Inc., where he is responsible for the company’s financial functions, including accounting, audit, internal control and treasury.  Mr. Deane brings more than 20 years of financial and operation experience in the power, high tech and public accounting sectors.  Most recently, Mr. Deane was an executive with Heorot Power Holdings LLC, an owner and operator of power generation assets.  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.  He holds a B.S. and M.S. in accounting from the University of Florida.

    • Stefanie Fleischmann, CLO
      Chief Legal Officer and Corporate Secretary

      Stefanie Fleischmann is Chief Legal Officer and Corporate Secretary of TeraWulf Inc., where she oversees all legal and compliance matters for the company. She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. 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. She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. Ms. Fleischmann holds a J.D. from Heidelberg University and an LL.M. from Boston University and is admitted to practice law in New York and Germany.

Operations (PJM)

Located at a 2.5 GW zero-carbon nuclear energy generating facility in the PJM interconnection, Nautilus Cryptomine, a partnership between TeraWulf’s nuclear mining facility subsidiary and Talen Energy Corporation, will be among the largest, most efficient bitcoin mines in North America. Nautilus benefits from long-term, zero carbon power sourced directly from the nuclear facility at a cost comfortably below the competition. The jointly owned facility is expected to reach 100 MW of demand by April 2022 and 300 MW by 3Q 2022.

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Operations (Upstate NY)

On the shores of Lake Ontario, Lake Mariner Mining, TeraWulf’s hydro-powered mining facility, is a model for energy transition. Located at the expansive site of a recently retired coal power plant, Lake Mariner has secured 90 MW of attractively priced power in Western New York where 90% of market energy comes from zero carbon resources. Once complete, Lake Mariner will reach over 500 MW of demand. This innovative project leverages existing utility-scale power infrastructure to provide a new, high-tech future for this industrial site and will retrain and employ workers that were displaced by the transition away from fossil fuels in the State of New York.

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Local Jobs Created

Established Miner Relationships

Through established mining hardware relationships, TeraWulf has developed a high-quality pipeline of over 800 MW including 500 MW in active deployment.

  • bit-main

    Partnering with TeraWulf represents a big step forward in the transition to a more resilient, stable and sustainable mining platform. We are excited to provide our most advanced Bitcoin miners as they build the largest, most environmentally-friendly Bitcoin miner in North America.

    Du Shisheng, Vice President, Bitmain

  • miner-va

    We chose TeraWulf as our first large-scale partner for our proprietary, next generation MV7 miners. Their proven expertise and access to significant clean energy assets for crypto mining operations is best in class.

    Marcc Ma, CEO of Minerva

Sustainability

At TeraWulf, we know that having a meaningful environmental, social and governance impact requires a 360⁰ view of how our business affects issues such as climate change, diversity and inclusion, health and safety, and community engagement. And we must always improve.

We evaluate each project and investment through TeraWulf’s proprietary ESG Matrix to ensure alignment of our physical footprint with our corporate values. Projects will be monitored based on key ESG performance metrics and receive scorecards to quantify performance and highlight areas for improvement and innovation.

TeraWulf’s ESG Matrix facilitates a comprehensive review of ESG factors throughout our project lifecycle:

  • Environmental

    environment
    • Environmental policies and management
    • Permitting and compliance
    • Emissions profile
    • Disposal liability
    • Resource efficiency
  • Social

    social
    • Health and safety
    • Working conditions and human rights
    • Gender equality
    • Indigenous communities
    • Supply chain management
  • Governance

    governance
    • Board diversity
    • Board independence
    • Board processes and procedures
    • Anti-corruption
    • Tax strategy
    • Stakeholder engagement
    • Cybersecurity