By purposefully choosing predominantly zero-carbon energy sources to power our facilities, TeraWulf is enabling the transition to a zero-carbon future with a higher amount of renewable energy generation. Our high throughput yet flexible computing loads can quickly respond to real time grid conditions and help stabilize the electrical grid by ramping up or down our power consumption, thereby further benefiting surrounding communities.
ACCELERATING
DECARBONIZATION
Our approach to decarbonization is directly tied to value creation and innovation. TeraWulf’s facilities are designed to optimize power usage with minimal environmental footprint, ensuring that we remain a trusted partner in the transition to a low-carbon economy.
PEOPLE, DIVERSITY, &
INCLUSION
We are committed to fostering a diverse, inclusive, and high-performing workforce. Our hiring practices prioritize merit and expertise while valuing the unique perspectives and experiences that drive innovation and strengthen our company culture.
COMMUNITY &
PHILANTHROPY
Social responsibility and community impact are integral to TeraWulf’s mission. Through strategic investments and partnerships, we support environmental conservation, education, and community well-being.
“We are committed to fostering innovative ideas that promote sustainability, protect our natural resources and enable social progress across the globe both now and for future generations to come.”
The Foundation actively invests in the protection of natural resources globally while also expanding the opportunities for more people to enjoy and appreciate their importance and beauty. By leveraging the resources and intellectual capital of TeraWulf, including financial support from the company’s senior leaders, we strive to have the greatest tangible impact in the communities in which we live and work.
The TeraWulf Charitable Foundation is led by Paul Prager, TeraWulf’s Chief Executive Officer, and Kerri Langlais, TeraWulf’s Chief Strategy Officer. Additionally, Cassie Motz and Lisa Prager sit on the Board of the Foundation. The Foundation is recognized as exempt from taxation under the provisions of Section 501(c)(3) of the Internal Revenue Code.
In January 2022, the Foundation made its inaugural financial commitment to the Chesapeake Conservancy to support efforts to elevate the national significance of the Chesapeake Bay and enhance its ecological, cultural, and economic benefits across its multi-state watershed. That same year, bipartisan, bicameral legislation—the Chesapeake National Recreation Area Act (S.2620 and HR 5035)—was introduced in Congress to designate a unified Chesapeake National Recreation Area (CNRA) as part of the National Park System.
Over the next two years, the bill made steady progress:
In December 2024, the CNRA bill cleared a major legislative hurdle. Originally introduced by Maryland U.S. Senator Chris Van Hollen and former Congressman John Sarbanes, the bill was approved by the Senate Committee on Energy and Natural Resources and passed by unanimous consent in the U.S. Senate on December 18. The final step was a vote in the House of Representatives. However, in the final day of the 118th Congress, as the bill awaited final enactment on the House floor, time ran out, and the legislation was tabled.
Despite this setback, seasoned lawmakers note that most Congressional legislation requires multiple attempts before passage. Senator Van Hollen has already announced plans to reintroduce the CNRA bill in the 119th Congress. Given its strong legislative history and prior unanimous Senate approval, there is renewed optimism that the Chesapeake Bay will soon receive the national park recognition it so richly deserves.
In 2024, TeraWulf advanced its commitment to sustainability through the following key initiatives. Led by our Sustainability Committee, these initiatives are guided by our Sustainability and ESG policies, reinforcing TeraWulf’s role as a leader in sustainable Bitcoin mining and high-performance computing infrastructure.
TeraWulf is dedicated to sustainable bitcoin mining practices, recognizing the imperative to address the potential risks posed by climate change. These risks extend throughout our organization and impact our key stakeholders, employees, and the communities we serve and in which we live.
In alignment with our leadership philosophy, we prioritize fostering environmental consciousness among our workforce and other stakeholders. Additionally, we actively engage in public discourse regarding environmental sustainability, particularly in the context of bitcoin mining and its pivotal role in advancing the electric grid’s transition to zero carbon energy.
We believe that combatting climate change necessitates collaborative efforts among regulators, industry participants, academic institutions, communities, and individuals. TeraWulf is resolute in its commitment to contributing to the development of environmentally sound and economically viable solutions to address this global challenge.
We hold suppliers to high environmental standards, requiring best practices in energy efficiency, waste management, and ethical sourcing.
At TeraWulf, sustainability goes beyond minimizing our environmental footprint—we actively support grid stability through real-time demand response programs. By dynamically adjusting our electricity consumption, we help balance supply and demand, alleviate grid strain, and enable greater renewable energy integration. As a highly flexible load, our Bitcoin mining operations scale up during periods of excess power supply and scale down when demand peaks, ensuring efficient utilization of zero-carbon energy while enhancing overall grid resilience.
We participate in three key New York demand response programs:
The unique load profile of our mining operations — large-scale, flexible, and responsive — positions us as an increasingly valuable resource in grid balancing. As the energy transition accelerates, with more intermittent renewables coming online and electrification driving higher demand, the need for controllable, real-time loads like ours will only grow.
By responding to grid signals and fluctuations in renewable generation, TeraWulf reduces grid stress, enhances reliability, and supports the continued expansion of clean energy infrastructure. Our commitment to sustainable, demand-responsive computing reinforces the viability of renewable-powered grids and accelerates the transition to a low-carbon future.
Our mission is to be the leading provider of large-scale, digital infrastructure, delivering cutting-edge data center solutions that maximize energy efficiency, optimize resource utilization, and enhance customer value—while generating strong and stable returns for our investors.
Dear fellow stakeholders,
At TeraWulf, sustainability is not a trend—it is the foundation of our business model. Our strategy is designed to create long-term value while advancing our commitment to sustainability, operational excellence, and corporate governance. This past year, we made significant strides against our ambitious strategic agenda, including our expansion into hosting high-performance compute (HPC) workloads, reinforcing our commitment to responsible growth and industry leadership. With the full support of our Board of Directors and executive leadership, we remain dedicated to transparency, accountability, and delivering measurable impact.
Sustainability at TeraWulf is guided by three core principles:
We are committed to creating high-quality jobs, prioritizing workplace safety, and fostering a culture of respect and inclusion.
We focus on energy efficiency, leverage predominantly zero-carbon power, and actively support grid stability to minimize our environmental footprint.
We strive to deliver attractive, stable returns while maintaining responsible and ethical business practices that create lasting value.
Our large-scale access to low-cost, predominantly zero-carbon energy is a competitive advantage that enables us to support digital infrastructure needs with minimal environmental impact. In 2024, more than 91% of our operational energy consumption came from zero-carbon sources, primarily hydro and nuclear.
Our greatest asset is our people. We are committed to attracting and developing top-tier talent, fostering an inclusive workplace, and upholding the highest standards across our entire value chain. As we continue to scale our operations, we remain steadfast in our mission to lead by example, set our sustainability targets, and provide transparent updates on our progress.
Thank you for your interest in our sustainability initiatives. We look forward to continuing to lead by example, setting clear targets, and providing transparent updates on our progress.
We are dedicated to leading by example, consistently seeking ways to improve efficiencyand make positive impacts across our operations. Moving forward, we aim to set clear,specific targets to provide stakeholders with transparent insights into our performance.We look forward to keeping our investors regularly informed about our progress.
