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EASTON, Md., Feb. 14, 2022 /PRNewswire/ -- TeraWulf Inc. (Nasdaq: WULF) ("TeraWulf"), which was formed to own and operate fully integrated environmentally clean bitcoin mining facilities in the United States, today announced it has appointed William "Sandy" Harrison as Vice President of Investor Relations, effective immediately.

Mr. Harrison brings to TeraWulf significant experience in financial and marketing communications, equity research, financial analysis and strategic planning. Most recently, he served as Vice President of Investor Relations at Semtech Corporation for eight years, with responsibility for leading the company's investor relations program and establishing its environmental, sustainability and governance (ESG) team. Before joining Semtech, Mr. Harrison held analyst positions with increasing levels of responsibility at Wunderlich Securities, Signal Hill Capital Group and Pacific Growth Equities. Mr. Harrison holds a Master of Business Administration in finance & accounting from Loyola University and a bachelor's degree in industrial psychology & history from Washington & Lee University.

TeraWulf began trading on the Nasdaq Stock Market LLC in December 2021 after completing its business combination with IKONICS Corporation. The Company is developing two fully integrated environmentally clean bitcoin mining facilities, Lake Mariner in New York and Nautilus Cryptomine in Pennsylvania, with the objective of 800 megawatts of mining capacity deployed by 2025, enabling over 23 exahash per second of expected hashrate. The Lake Mariner facility is expected to begin mining operations in the first quarter.

"Sandy's unique blend of experience is a natural fit for TeraWulf, bringing an expertise in investor relations and ESG programs, a comprehensive understanding of the financial markets and deep investor connections," said Paul Prager, Chief Executive Officer and chair of the board of TeraWulf. "We are pleased to have him join the team as we finalize preparations to begin mining operations at Lake Mariner this quarter. With a fully integrated, environmentally clean platform, we expect to be able to offer attractive economics and advance towards or our goal of providing domestically produced bitcoin powered by 100% zero-carbon energy."

"With a seasoned team of energy industry experts who understand the complex logistics required to undertake bitcoin mining at an industrial scale, as well as a genuine commitment to strong ESG values, TeraWulf truly stands out as best-in-class," said Mr. Harrison. "I look forward to putting my skills to work as we establish TeraWulf as the leader in fully integrated environmentally friendly bitcoin mining."

About TeraWulf

TeraWulf (Nasdaq: WULF) was formed by an experienced group of energy entrepreneurs to own and operate fully integrated environmentally clean bitcoin mining facilities in the United States. The Company is developing two mining facilities, Lake Mariner in New York and Nautilus Cryptomine in Pennsylvania, with the objective 800 megawatts of mining capacity deployed by 2025, enabling over 23 exahash per second of expected hashrate. TeraWulf will generate domestically produced bitcoin powered by nuclear, hydro and solar energy with a goal of utilizing 100% zero-carbon energy. With a core focus of ESG that ties direction to its business success, TeraWulf expects to offer attractive mining economics at an industrial scale.

For more information on TeraWulf, please visit http://www.TeraWulf.com or follow @TeraWulfInc on Twitter.

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," "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 ofTeraWulf'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 data mining services; (3) changes in applicable laws, regulations and/or permits affecting TeraWulf's operations or the industries in which it operates, includingregulation regarding power generation, cryptocurrency usage and/or cryptocurrency mining; (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) 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); (8) the availability, delivery schedule and cost of equipment necessary to maintain and grow the business and operations of TeraWulf, including mining equipment and equipment meeting the technical or other specifications required to achieve its growth strategy; (9) employment workforce factors, including the loss of key employees; (10) litigation relating to TeraWulf, IKONICS and/or the business combination; and (11) the ability to recognize the anticipated objectives and benefits of the business combination. 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.

Contacts

TeraWulf

Michael Freitag / Joseph Sala / Lyle Weston

Joele Frank, Wilkinson Brimmer Katcher

(212) 355-4449

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SOURCE TeraWulf Inc.

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TeraWulf Names William "Sandy" Harrison as Vice President of Investor Relations - Longview News-Journal

Coal being mined

Monty Rakusen | Cultura | Getty Images

LONDON The ramifications of the Industrial Revolution, which had its roots in 18th-century Britain, were huge.

Britain's abundance of coal as well as the ease with which it could be accessed was a crucial ingredient in this historical turning point, powering the steam engines which helped drive society's transformation.

But things have changed. The number of operational coal mines there has plunged, and last June, authorities announced Britain would stop using coal to generate electricity from October 2024, a year earlier than the original target of 2025.

Even though most mines in the U.K. have closed, their centuries-old story isn't necessarily over. In Scotland, work is underway to look at how the water that has flooded old, disused mines can be used to provide decarbonized heating to buildings.

Conducting this research is a facility known as the Glasgow Geoenergy Observatory, which is run by the British Geological Survey. A dozen boreholes have been drilled, with the majority in Rutherglen, a town southeast of Glasgow.

According to those behind the project, both Glasgow and Rutherglen were home to some of the busiest coal mines in Scotland. After their closure, natural floods filled them with water of about 12 degrees Celsius.

This image shows one of the Glasgow Observatory's sites in Scotland. A total of 12 boreholes have been drilled as part of the project.

Mike Stephenson, who was until recently executive chief scientist for decarbonization at the British Geological Survey, told CNBC that the project was about "doing research on the heat in coal mines and also, to some extent, whether you can store heat in old coal mines."

Stephenson said that at the site where the work is taking place, the team was "experimenting with how fast water flows amongst these mines, how warm the water is, how fast, if you take warm water out, does the water replenish so how fast does the warmth come back."

"It is a research site, not a demonstration," he said. Research was being undertaken "to try and understand what are the limits to the amount of heat, how much heat there is."

"All those things will be a set of scientific findings and equations and models," he added. He said this would provide valuable information to both companies and local authorities interested in the idea.

"It will help them decide where to do it, how close you drill the holes together, how deep you drill them, how you design them to make it as efficient as possible."

The project has made progress over the last 12 months or so. In the summer of 2021, it was announced that pumping tests had been completed and samples collected from 10 of the site's boreholes.

"The latest data show that the boreholes of the Glasgow Observatory are well-connected to the flooded mine workings," Alan MacDonald, a hydrogeologist with the British Geological Survey, said at the time.

Mine water between 50 and 90 meters under Glasgow measures between 11 and 13 degrees Celsius, he added. For comparison, the average temperature of Scottish groundwater is 10 degrees, MacDonald said.

According to Britain's Coal Authority, 25% of the U.K.'s residential properties sit on coalfields. As a source of heating, the potential of underground, flooded mines such as the ones being researched in Glasgow appears to be considerable.

Citing its own calculations, the Coal Authority says the "constantly replenishing water within these mines could potentially be a large enough resource to provide all of the heating requirements for the coalfield areas." It could also have applications in sectors such as manufacturing and horticulture.

"The water in these mines is a low carbon, sustainable heat source, which under the right conditions can compete with public supply gas prices and deliver carbon savings up to 75% compared to gas heating," it notes.

A host of governments are attempting to move away from coal, but it still plays a crucial role in many nations. According to the International Energy Agency, coal supplies around a third of worldwide electricity generation.

Last December, the Paris-based organization said coal-fired power generation was due to hit an all-time high in 2021. As for coal production, the IEA said it's "forecast to reach an all-time high in 2022 and then plateau as demand flattens."

While it was crucial to the planet's industrialization and remains an important source of electricity, coal has a substantial effect on the environment.

The U.S. Energy Information Administration lists a range of emissions from coal combustion. These include carbon dioxide, sulfur dioxide, particulates and nitrogen oxides.

Elsewhere, Greenpeace has described coal as "the dirtiest, most polluting way of producing energy."

In the northeast of England, South Tyneside Council has been working on a project aiming to repurpose part of the area's mining heritage.

According to the council, the 7.7 million ($10.4 million) Hebburn Minewater Project will "draw geothermal energy from abandoned flooded mines in the former Hebburn Colliery."

The initiative aims to supply heat to several buildings that the council owns by using mine water from the old colliery, which opened in the late 18th century and shut down in 1932.

The project is centered on the drilling of two boreholes. A water source heat pump will extract the mine water's heat, after which it will be compressed to a far greater temperature. After being funneled to an energy center, a new network of pipes will be used for distribution.

The council is working on the project, which is slated for completion in June 2023, alongside Durham University and the Coal Authority. Last October, it was announced that testing had shown the mine water's temperature was warmer than initially thought.

Attempts to use the warm waters of flooded mines are not unique to the U.K. In 2008, a facility described by the European Commission as the first mine water power station in the world opened in the Netherlands. A similar project based on using mine water to heat buildings in Asturias, northern Spain, has also been developed.

Back in South Tyneside councilor Ernest Gibson, whose brief covers climate change, spoke to CNBC about the industry's deep-rooted relationship with the area and his hopes for the future.

"The economics of the area declined [as] soon as the coal mines closed," Gibson, a former miner, said.

He explained how the shutting down of a colliery affected not only the mining industry but also others like the steel and transport industries, as well as smaller operations like local shops and the "ragman," a term for a person who would buy, collect and sell old items. Gibson went on to tell CNBC that he's "proud" of the fact old coal mines are being used again.

"The collieries closed but ... they were revived in a different format," he said, later striking a more philosophical tone. "It's like life everything changes, nothing stands still. And I think it's for the best."

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Coal mines transformed society. Now, their flooded remains could heat the homes of the future - CNBC

The Finance Bill has proposed to criminalise the illicit publication of transaction-level information provided by business entities to the customs department as such data could be misused by competing international entities and hostile countries to the disadvantage of Indian businesses, two officials aware of the development said.

There have to be legal provisions against publication of the data, which can be mined by other countries to Indias disadvantage, they said.

The Finance Bill presented in Parliament on February 1 proposed to insert Section 135AA in the Customs Act to protect import and export data submitted to customs by importers or exporters in their declarations by making the publishing of such information, unless provided by the law, as an offence.

The proposed data privacy and confidentiality provisions evoked strong responses from all quarters. On one end was Congress MP Shashi Tharoor who alleged that the government was restricting availability of data for the public, on the other was FIEO director general Ajay Sahai who told media that exporters had pitched for stringent measures to prevent commercially sensitive information being shared as they were being procured from the Customs ICEGATE and being sold for a premium, an official said.

The Indian Customs Electronic Gateway (ICEGATE) is the national portal of Indian customs under the Central Board of Indirect Taxes and Customs (CBIC) that provides e-filing services to cargo carriers and other trading partners electronically.

Reacting to Tharoors tweet on this matter, the CBIC said: Honble MPs attention is invited to the clause proposed as sub-section. 135 AA (2) under which Government agencies, such as, Department of Commerce, will continue to uninterruptedly publish data as per current practice.

The proposed clause will only criminalise the illicit publication of personalised, transaction level information by private entities, which affects the competitive position of Indian businesses in international trade and compromises their data privacy, it said in a second tweet on this matter from its official handle @cbic_india on February 5.

In any case, data publication through the department of commerce will continue unhindered, the official mentioned above said. At present, the Director General of Commercial Intelligence & Statistics (DGCI&S) provides export and import data through the governments website tradestat.commerce.gov.in.

The data is aggregated and fully anonymised before publishing on the net. The data can be extracted at 8 digits, country-wise, with quantity & values of goods, imported and exported. This aggregate data is useful for associations and researchers but apparently not enough for business. They are looking for competitive intelligence and mining information of buyers, sellers, and even contemporaneous values of goods to ward-off challenges on valuation by Customs. This demand has led to a very lucrative data mining and trading market, he said.

Reportedly, there are 130 million records available for sale on the darkweb and as recently as December 2021, the Directorate General of Systems filed an FIR with Delhi police under the IT Act 2000 on the heels of missives to other ministries on improving data security of commercially sensitive customs data, he added.

Another official, who did not wish to be named, said the CBIC officers network is a closed loop and not open to the public via the internet. However, ICEGATE exchanges data with over 26 partner agencies, including commercial organisations in the private sector such as ports and airports. For the private sector, the data is immensely valuable for offering of multitude of services or for monetisation. Their approach to data security is not aligned with that of customs.

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Ban on publishing business information in government sights - Hindustan Times

The editors at Solutions Review have curated this list of the most noteworthy BI and analytics news items for the week of February 11, 2022. In this weeks roundup, Toric no-code BI raises a Series A round, ZL Tech releases a new data tool for corporate information, Starburst continues its meteoric rise, and more.

Keeping tabs on all the most relevant BI and analytics news can be a time-consuming task. As a result, our editorial team aims to provide a summary of the top headlines from the last week, in this space. Solutions Review editors will curate vendor product news, mergers and acquisitions, venture capital funding, talent acquisition, and other noteworthy BI and analytics news items.

Toric provides data integration, data prep and analytics in a cloud platform to boost productivity. With it, users can consolidate, prepare for analysis, visualize, share and reuse data. The venture capital will enable the company to execute its go-to-market strategy while increasing the number of data integrations, partnerships, and platform features. Toric was co-founded by Thiago da Costa, the former CEO of Lagoa, acquired by Autodesk in 2014.

Read on for more.

ZL Tech recently announced advancements to its SaaS platform that leapfrog todays sandbox analytics paradigm by expanding the sandbox to the entire beach. The application enables organizations to extract insights buried in people data such as emails and documents. ZL Tech can search on-demand through the entire beach of employee-created content, such as Microsoft 365, Teams, and file servers.

Read on for more.

The round brings Starbursts total financing to date to $414 million, as the company ramps up operations to meet the industrys growing demand for faster analytics on decentralized data. Starburst Enterprise now includes features that allow companies to build and share data products, and the necessary native access controls that form the foundation of a data mesh implementation.

Read on for more.

TheCloud Awardshas released its picks for theBest Cloud Business Intelligence or Analytics Solution, a report in the mold of theForbes Cloud 100that includes the providers it sees as leaders in the space. The Cloud Awards program was founded by a group of technical engineers, business leaders, and marketers with the aim of revealing innovation in cloud computing. The program is available to cloud technology providers across the globe and features a number of different software categories.

Read on for more.

For consideration in future data analytics news roundups, send your announcements to tking@solutionsreview.com.

Tim is Solutions Review's Editorial Director and leads coverage on big data, business intelligence, and data analytics. A 2017 and 2018 Most Influential Business Journalist and 2021 "Who's Who" in data management and data integration, Tim is a recognized influencer and thought leader in enterprise business software. Reach him via tking at solutionsreview dot com.

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BI and Data Analytics News for the Week of February 10; Updates from Toric, ZL Tech, Starburst, and More - Solutions Review