TeraWulf Is Attracting A-List Investors For Its Sustainable Bitcoin Solution

TeraWulf is attracting A-list investors for its environmentally friendly Bitcoin solution.


TeraWulf has attracted A-List executives, entrepreneurs and influentials as investors due to its promising environmentally friendly solution for Bitcoin. As TeraWulf prepares for its public debut, they also began mining zero-carbon Bitcoin domestically at a scale that can take on demand from the ever-growing user base of the cryptocurrency. The company believes its model for environmentally friendly cryptocurrency mine development will accelerate the transition to a more resilient, stable and sustainable energy future.

The company’s uniquely promising position and purpose-driven business practices with a strong ESG focus has attracted many institutional investors and, in particular, the web3-obsessed eyes of Gwyneth Paltrow and Moj Mahdara, who brought in some heavy-hitting influential friends like Mindy Kaling, Lilly Singh, business leader, entrepreneur and investor Kimberly A. Blackwell, CEO & Founder of KITH Ronnie Fieg, FIGS Co-CEO & Co-Founder Trina Spear, entrepreneur Sara Foster, serial investor and tech company advisor Pegah Ebrahimi, NFT & streetwear entrepreneur Bobby Kim and TikTok’s Head of Global Marketing Nick Tran as well as other notable investors, entrepreneurs and executives.

Gwenyth Paltrow investor in TeraWulf.

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“Participating in TeraWulf’s latest private round was a no-brainer. Our focus on web3 is targeted at companies that create meaningful, sustainable value and TeraWulf is the gold standard of that mission,” Paltrow said. The group participated in TeraWulf’s last financing round prior to the company’s expected public debut via a reverse merger with IKONICS Corporation. The $200 million of capital will help TeraWulf achieve 6 EH/S (or 200 MW) of capacity by 2H 2022, more than any public bitcoin mining company produces today.

Mindy Kaling invested in TeraWulf alongside Gwenyth Paltrow.

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Green crypto is at the center of two macro trends that are expected to shape the future of decentralization forever. TeraWulf offers the most attractive economics of any bitcoin miner with an average cost of ~$5,500 per bitcoin, a fraction of the coin’s current price point. The company’s management team, with decades of experience in energy supply optimization, operations and engineering, is poised to realize a fast and effective launch of its US-based mining business. 

Sara Foster, investor in TeraWulf.


Foster, an early investor in Bumble, Mirror, Summersalt and other early-stage tech companies shared why she invested in TeraWulf, “The green (r)evolution of Bitcoin has been a slow one to witness and frankly up until now we haven’t seen many US companies step up to the challenge. It’s refreshing to see TeraWulf take on what is rightfully inevitable. I firmly believe TeraWulf is at the forefront of global adoption. Everyone has been waiting for the green way to mine. Here we are.” Blackwell, CEO & Founder of KITH added, “Is web3 already ripe for disruption? The answer is yes. Particularly in areas that lack environmental consciousness. Ecological solutions should be table stakes at this point”

The energy-consuming mining process of bitcoin, each of which is now worth over $50,000, and other cryptocurrencies has been under scrutiny for many years now due to the substantial use of fossil fuels. Not too long ago, a tweet shared by none other than Tesla CEO & Founder Elon Musk pointed out the potential environmental impact of the bitcoin mining process.  

Some cryptomining companies claim to be green but are actually buying carbon credits to offset their use of fossil fuels. Enter TeraWulf, which believes it has a better way forward. It is led by energy entrepreneur Paul Prager and a seasoned team with many leadership positions held by women, including Chief Strategy Officer Kerri Langlais. They have been working together for over a decade on energy infrastructure projects, which are at the core of bitcoin mining, and believe they have identified the true green and sustainable solution to environmental Bitcoin concerns. 

Lily Singh investor in TeraWulf.

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“Driven by a commitment to diversity, equity and inclusion at all levels of the organization, we are a team of entrepreneurs with decades of experience in the energy sector,” Prager shared. “Accordingly, we were naturally attracted to having an investment by such an impressive group of entrepreneurs with extensive track records of building successful businesses coupled with significant expertise in cryptocurrency. We appreciate their support as we pursue our goal of becoming the most environmentally sustainable bitcoin mining company focused on ESG.”

Leveraging nuclear, hydro and solar power to provide low-cost and reliable energy, TeraWulf is set to deploy 800MW in mining capacity by 2025 with a target of 100% zero-carbon emissions. The company is working on getting its Lake Mariner facility (NY) online within the next quarter and has entered a partnership with Talen Energy to construct a new facility in PA which is expected to go live by Q2 2022. 

Leveraging nuclear, hydro and solar power to provide low-cost and reliable energy, TeraWulf is set … [+] to deploy 800MW in mining capacity by 2025 with a target of 100% zero-carbon emissions.


“TeraWulf is introducing a new paradigm for best-in-class cryptomining focused on leading ESG practices that will set the standard for the entire industry moving forward. With 60,000 state-of-the-art miners on order and competitive power supply agreements already in place, we will begin operations using more than 90% zero-carbon energy and are well on our way to our goal of 100% zero-carbon energy,” explained Langlais.

The environmental movement of the 21st century is picking up steam and is moving into every aspect of the world. People are no longer turning a blind eye to the way we source what we consume, how we travel or acquire crypto.