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TeraWulf Appoints Michael Bucella, Leading Institutional Crypto Asset and Blockchain Technology Expert, to its Board

TeraWulf Inc., which was formed to own and operate fully integrated environmentally clean bitcoin mining facilities in the United States, announced the appointment of Michael Bucella to its Board of Directors, effective immediately.

Michael Bucella brings technology and crypto experience to the Board of Directors and currently serves as a partner and the Global Head of Strategic Partnerships and Business Development at BlockTower Capital, a leading institutional cryptocurrency investment firm. Prior to joining BlockTower, he spent nearly a decade with Goldman Sachs running the multi-asset sales and trading business for the Canada region, leading efforts to expand the strategy globally.

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“Welcoming Michael to our Board is an important step for TeraWulf as we expand the experience and skills of our Board to match the needs of our growing business,” said Paul Prager, Chief Executive Officer of TeraWulf. “As we build momentum during the early ramping of our bitcoin mining operations, Michael brings valuable insight from his deep institutional crypto asset and blockchain expertise. He also has direct operational knowledge, having partnered with a number of innovative companies that are executing on their growth strategies. TeraWulf is at the forefront of building a more resilient, modern electrical grid and accelerating the transition to a zero-carbon future and we are looking forward to Michael contributing to our efforts.”

“TeraWulf is introducing a new paradigm for cryptocurrency mining and I believe the Company has an exciting future ahead,” said Mr. Bucella. “Working with Paul and his talented team, we will continue to advance TeraWulf’s mission to provide domestically produced bitcoin powered by 100% zero-carbon energy.”

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In addition, TeraWulf announced that it has appointed Kerri Langlais, Chief Strategy Officer at TeraWulf, to its Board. Ms. Langlais is responsible for the development and implementation of the Company’s overall corporate strategy, business development, strategic partnerships, and growth initiatives and brings more than 20 years of M&A, financing, strategy and power sector experience to the Board of Directors.

Mr. Prager continued, “Kerri has been a phenomenal steward of TeraWulf since its inception, contributing significantly to our status as a leading environmentally sustainable bitcoin mining company, and we are proud to add her to the Board.”

“From the very beginning, the entire team at TeraWulf has been committed to purpose-driven business practices, determined clean energy goals, and support for communities in which we operate and I will continue to uphold those standards as a member of the Board,” said Ms. Langlais.

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