TeraWulf Announces Promotion of Sean Farrell to Chief Operating Officer
TeraWulf has promoted Sean Farrell to Chief Operating Officer, effective immediately. Farrell, who previously served as Senior Vice President of Operations, will continue reporting to CTO Nazar Khan. With over 13 years of experience in the energy sector, Farrell's promotion aims to enhance the company's high-performance computing and AI data center capabilities. Prior to TeraWulf, he was North American Head of Onshore Sales and Marketing at Siemens Gamesa Renewable Energy Inc. The appointment reflects TeraWulf's focus on operational excellence and organic growth in digital infrastructure operations.
TeraWulf ha promosso Sean Farrell a Chief Operating Officer, con effetto immediato. Farrell, che in precedenza ha ricoperto il ruolo di Vicepresidente Senior delle Operazioni, continuerà a riportare al CTO Nazar Khan. Con oltre 13 anni di esperienza nel settore energetico, la promozione di Farrell mira a potenziare le capacità dell'azienda nel calcolo ad alte prestazioni e nei data center di intelligenza artificiale. Prima di TeraWulf, è stato responsabile delle vendite e del marketing onshore per il Nord America presso Siemens Gamesa Renewable Energy Inc. La nomina riflette l'attenzione di TeraWulf all'eccellenza operativa e alla crescita organica nelle operazioni di infrastruttura digitale.
TeraWulf ha promovido a Sean Farrell como Chief Operating Officer, con efecto inmediato. Farrell, quien anteriormente se desempeñó como Vicepresidente Senior de Operaciones, continuará reportando al CTO Nazar Khan. Con más de 13 años de experiencia en el sector energético, la promoción de Farrell tiene como objetivo mejorar las capacidades de la empresa en computación de alto rendimiento y centros de datos de IA. Antes de TeraWulf, fue Jefe de Ventas y Marketing Onshore para América del Norte en Siemens Gamesa Renewable Energy Inc. La designación refleja el enfoque de TeraWulf en la excelencia operativa y el crecimiento orgánico en las operaciones de infraestructura digital.
TeraWulf가 Sean Farrell을 Chief Operating Officer로 즉시 임명했습니다. 이전에 운영 담당 선임 부사장으로 일했던 Farrell은 CTO Nazar Khan에게 계속 보고할 것입니다. 에너지 분야에서 13년 이상의 경험을 쌓은 Farrell의 임명은 회사의 고성능 컴퓨팅 및 AI 데이터 센터 기능을 강화하는 것을 목표로 하고 있습니다. TeraWulf 이전에는 Siemens Gamesa Renewable Energy Inc.에서 북미 육상 영업 및 마케팅 책임자로 근무했습니다. 이번 임명은 디지털 인프라 운영에서 TeraWulf의 운영 우수성과 유기적 성장에 대한 집중을 반영합니다.
TeraWulf a promu Sean Farrell au poste de Chief Operating Officer, avec effet immédiat. Farrell, qui a précédemment occupé le poste de vice-président senior des opérations, continuera de relever de CTO Nazar Khan. Fort de plus de 13 ans d'expérience dans le secteur de l'énergie, la promotion de Farrell vise à renforcer les capacités de l'entreprise en matière de calcul haute performance et de centres de données AI. Avant de rejoindre TeraWulf, il était responsable des ventes et du marketing terrestre en Amérique du Nord chez Siemens Gamesa Renewable Energy Inc. Cette nomination reflète l'engagement de TeraWulf envers l'excellence opérationnelle et la croissance organique dans les opérations d'infrastructure numérique.
TeraWulf hat Sean Farrell sofort zum Chief Operating Officer ernannt. Farrell, der zuvor als Senior Vice President of Operations tätig war, wird weiterhin an den CTO Nazar Khan berichten. Mit über 13 Jahren Erfahrung im Energiesektor soll die Beförderung von Farrell die Leistungsfähigkeit des Unternehmens in der Hochleistungsrechenzentren und KI-Datenzentren verbessern. Vor TeraWulf war er Leiter für Onshore-Vertrieb und Marketing in Nordamerika bei Siemens Gamesa Renewable Energy Inc. Die Ernennung spiegelt den Fokus von TeraWulf auf operative Exzellenz und organisches Wachstum in den digitalen Infrastrukturoperationen wider.
- Strategic leadership enhancement with experienced energy sector executive
- Strengthened operational oversight for data center expansion
- Internal promotion demonstrates successful talent retention
- None.
Farrell to Drive Operational Execution as the Company Scales Data Center Infrastructure
EASTON, Md., Nov. 21, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), a leading owner and operator of vertically integrated, next-generation digital infrastructure powered by predominantly zero-carbon energy, today announced that Sean Farrell has been promoted to Chief Operating Officer, effective immediately. Mr. Farrell will continue to report directly to Nazar Khan, Chief Technology Officer of TeraWulf.
“This promotion reflects Sean’s exceptional leadership, unwavering commitment to operational excellence, and the strong relationships he has cultivated within and outside the Company,” said Paul Prager, Chief Executive Officer of TeraWulf. “Our leadership team is a vital asset to TeraWulf, and Sean embodies the qualities that drive our success. His energy, passion, and determination will be invaluable as we enhance our high-performance computing (HPC) and artificial intelligence (AI) data center capabilities.”
Prager further emphasized, “In this new role, which combines strategic vision with operational execution, we are positioning TeraWulf to navigate rapid expansion and unlock significant value. It is crucial that our leadership team delivers results for our shareholders. Sean’s promotion marks a significant step forward in our commitment to operational excellence and organic growth. His technical experience and tireless attitude are precisely what TeraWulf needs, and we are fortunate to have him on our team.”
Mr. Farrell brings over 13 years of experience in the energy sector, specializing in renewables, grid optimization, electric delivery, digitalization, and storage solutions across various business domains. Most recently, he served as Senior Vice President of Operations at TeraWulf, where he coordinated and oversaw the Company's data center operations and vertical integration strategy.
Before joining TeraWulf, Mr. Farrell was the North American Head of Onshore Sales and Marketing at Siemens Gamesa Renewable Energy Inc., where he led product development, sales, and market strategy for onshore wind turbines in the U.S. and Canada. He began his career in the energy industry at Siemens Energy, progressing through roles of increasing responsibility within their Power System Sales organization, focusing on generation and electric delivery across diverse verticals for over a decade.
“I am honored and excited by this opportunity to lead TeraWulf’s digital infrastructure operations,” said Sean Farrell. “Having worked alongside TeraWulf’s talented professionals for almost three years, I see substantial opportunities for growth and the expansion of our capacity to support HPC and AI compute workloads. I look forward to driving that growth in the coming years to be a top player in the space.”
About TeraWulf
TeraWulf develops, owns, and operates environmentally sustainable, next-generation data center infrastructure in the United States, specifically designed for Bitcoin mining and high-performance computing. Led by a team of seasoned energy entrepreneurs, the Company owns and operates the Lake Mariner facility situated on the expansive site of a now retired coal plant in Western New York. Currently, TeraWulf generates revenue primarily through Bitcoin mining, leveraging predominantly zero-carbon energy sources, including nuclear and hydroelectric power. Committed to environmental, social, and governance (ESG) principles that align with its business objectives, TeraWulf aims to deliver industry-leading economics in mining and data center operations at an industrial scale.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. In addition, forward-looking statements are typically identified by words such as “plan,” “believe,” “goal,” “target,” “aim,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “should,” “would” and other similar words and expressions, although the absence of these words or expressions does not mean that a statement is not forward-looking. Forward-looking statements are based on the current expectations and beliefs of TeraWulf’s management and are inherently subject to a number of factors, risks, uncertainties and assumptions and their potential effects. There can be no assurance that future developments will be those that have been anticipated. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, risks, uncertainties and assumptions, including, among others: (1) conditions in the cryptocurrency mining industry, including fluctuation in the market pricing of bitcoin and other cryptocurrencies, and the economics of cryptocurrency mining, including as to variables or factors affecting the cost, efficiency and profitability of cryptocurrency mining; (2) competition among the various providers of cryptocurrency mining services; (3) changes in applicable laws, regulations and/or permits affecting TeraWulf’s operations or the industries in which it operates, including regulation regarding power generation, cryptocurrency usage and/or cryptocurrency mining, and/or regulation regarding safety, health, environmental and other matters, which could require significant expenditures; (4) the ability to implement certain business objectives and to timely and cost-effectively execute integrated projects; (5) failure to obtain adequate financing on a timely basis and/or on acceptable terms with regard to growth strategies or operations; (6) loss of public confidence in bitcoin or other cryptocurrencies and the potential for cryptocurrency market manipulation; (7) adverse geopolitical or economic conditions, including a high inflationary environment; (8) the potential of cybercrime, money-laundering, malware infections and phishing and/or loss and interference as a result of equipment malfunction or break-down, physical disaster, data security breach, computer malfunction or sabotage (and the costs associated with any of the foregoing); (9) the availability, delivery schedule and cost of equipment necessary to maintain and grow the business and operations of TeraWulf, including mining equipment and infrastructure equipment meeting the technical or other specifications required to achieve its growth strategy; (10) employment workforce factors, including the loss of key employees; (11) litigation relating to TeraWulf and/or its business; and (12) other risks and uncertainties detailed from time to time in the Company’s filings with the Securities and Exchange Commission (“SEC”). 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 does not assume any obligation to publicly update any forward-looking statement after it was made, whether as a result of new information, future events or otherwise, except as required by law or regulation. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the Company’s filings with the SEC, which are available at www.sec.gov.
Investors:
Investors@terawulf.com
Media:
media@terawulf.com
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