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The Long-Term Bitcoin Solution of TeraWulf is Attracting A-List Investors

cryptoknowmics.com 14 December 2021 04:30, UTC

TeraWulf - a leader in green-energy crypto mining, has a promising environmentally friendly and long-term solution for Bitcoin. It has attracted- listed executives, entrepreneurs, and influential investors.

TeraWulf began mining zero-carbon Bitcoin domestically at a scale that can meet demand from the cryptocurrency's ever-growing user base as it prepares for its public launch.

TeraWulf Long- Term Bitcoin Solution

The firm believes its environmentally-friendly cryptocurrency mine development model will boost the transition to a more resilient, stable, and sustainable energy future.

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, and others, were drawn to the company's uniquely promising position and purpose-driven business practices with a strong ESG focus.

Green Crypto

Two macro trends are predicted to determine the future of decentralization, and green crypto is at the center of both. With an average cost of $5,500 per bitcoin, TeraWulf has the most appealing economics of any bitcoin miner. The energy-consuming mining process of bitcoin, each of which is now worth over $50,000.

Some crypto mining businesses claim to be environmentally friendly, but they purchase carbon credits to offset their fossil fuel usage. Enter TeraWulf, a company that says it has a better solution. It is run by energy entrepreneur Paul Prager and a seasoned team, including Chief Strategy Officer Kerri Langlais, who holds multiple leadership positions.

"TeraWulf is presenting a new paradigm for best-in-class crypto mining based on leading ESG standards that will set the industry standard in the future. We will begin operations using more than 90% zero-carbon energy and are well on our approach to our objective of 100 percent zero-carbon energy," added Langlais. "We have 60,000 state-of-the-art miners on order and competitive power supply agreements already in place."

TeraWulf is set to deploy 800MW in mining capacity by 2025 with a target of 100% zero-carbon emissions. The firm plans to bring its Lake Mariner project in New York online within the next quarter. It has partnered with Talen Energy to build a new facility in Pennsylvania that will be operational by Q2 2022.

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