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EASTON, Md., Nov. 21, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. 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 © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.(BPT) - The new year is a good time to reset. 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An Israeli drone strike on a hospital compound in northern Gaza on Thursday killed a 16-year-old boy in a wheelchair and wounded at least 12 other people, including medical staff, the Gaza Health Ministry and the hospital director said. Kamal Adwan Hospital is one of the few hospitals still partially operating in the northernmost part of Gaza , where Israeli forces are pressing an offensive that has almost completely sealed off the area from humanitarian aid for two months. Earlier Thursday, the human rights group Amnesty International accused Israel of committing genocide in the Gaza Strip during its war with Hamas, saying it has sought to deliberately destroy Palestinians by mounting deadly attacks, demolishing vital infrastructure and preventing the delivery of food, medicine and other aid. Israel says it goes to great lengths to avoid harming civilians as it battles Hamas. Israel's war against Hamas has destroyed vast areas of Gaza and displaced 90% of the population of 2.3 million, often multiple times. The war began when Hamas-led militants stormed into southern Israel in October 2023, killing some 1,200 people, mostly civilians, and taking around 250 people hostage . Israel’s blistering retaliatory offensive has killed at least 44,500 Palestinians , more than half of them women and children, according to Gaza’s Health Ministry, which does not say how many of the dead were combatants. Israel says it has killed over 17,000 militants, without providing evidence. Here's the Latest: WASHINGTON -- Three U.S. service members were being evaluated for potential traumatic brain injuries following an attack near a base in eastern Syria this week, Pentagon press secretary Maj. Gen. Pat Ryder said Thursday. Ryder said U.S. Central Command is still evaluating who was behind the attack near Mission Support Site Euphrates, which prompted the U.S. to conduct counter strikes on Tuesday. At the time, the Pentagon said rockets and mortars had landed in the vicinity of the base. The U.S. has about 900 troops in Syria to conduct missions to counter the Islamic Stage group. By Lolita Baldor BEIRUT — Hezbollah chief Naim Kassem said in a televised speech on Friday that the Lebanese militant group will provide financial assistance to families whose homes were completely destroyed during the recent war with Israel. In addition to being an armed group, Hezbollah is also a political party and provides extensive social services. In his second speech since the ceasefire that ended the war between Hezbollah and Israel on Nov. 27, Kassem reiterated that the U.N. Resolution 1701 “is not a new agreement,” adding that it stipulates that “Israel must withdraw from all Lebanese territories.” “The agreement is limited to the area south of the Litani River and nothing else,” Kassem said. He also accused Israel of committing over 60 violations of the ceasefire . Seated against the backdrop of a banner reading “reconstruction campaign,” Kassem announced that Hezbollah, with support from Iran, will provide financial aid to families whose homes were completely destroyed during the war. Those in Beirut and its southern suburbs will receive $14,000, while families outside the capital will receive $12,000, covering annual rent and compensation for furniture, he said. For partially damaged homes, specialized committees will assess the damages, Kassem said. Commenting on Syria and the stunning offensive by jihadi insurgents in recent days, Kassem said Hezbollah “will stand alongside Syria to stop the aggression.” “The aggression against Syria is sponsored by America and Israel,” Kassem said. He did not specify whether Hezbollah would send fighters to Syria to join forces with the Syrian army. WASHINGTON — The Biden administration says it believes accusations by Amnesty International that Israel is committing genocide in Gaza are “unfounded” although it says human rights groups play a “vital role” in speaking to the consequences of the conflict. Deputy State Department spokesman Vedant Patel declined to comment Thursday about specifics in the report, saying he would “let Amnesty International speak to the details about it.” But, he said the administration continues to disagree with its conclusion, as it has with previous similar reports from other organizations. “As you’ve heard us say previously, we disagree with the conclusions of such a report,” Patel told reporters in Washington. “We have said previously and continue to find that the allegations of genocide are unfounded. But there continues to be a vital role that civil society organizations like Amnesty International and human rights groups and NGOs play in providing information and analysis as it relates to Gaza and what’s going on.” At the same time, he said the administration’s concern about the situation in Gaza also remains unchanged and urged Israel to do more to improve humanitarian conditions in Gaza. “We continue to stress at every turn that there is a moral and strategic priority for Israel to comply with international humanitarian law and that is something we’re going to continue to raise with partners in the region and directly with Israel,” Patel said. CAIRO — An Israeli drone strike on a hospital compound in northern Gaza killed a 16-year-old boy in a wheelchair and wounded at least 12 other people, including medical staff, the Gaza Health Ministry and the hospital director said. Dr. Hossam Abu Safiya said an Israeli drone deliberately targeted patients and staff at the entrance to the reception and emergency area of Kamal Adwan Hospital, killing Mahmoud Abu al-Aish, a patient being taken in a wheelchair to the radiology department. Abu Safiya spoke in a video he posted on social media, standing inside the hospital as doctors operated on a wounded man behind him, calling it, “The injured treating the injured.” Abu Safiya was wounded in his thigh and back by an Israeli drone strike on the hospital last month. Israel says it goes to great lengths to avoid harming civilians as it battles Hamas. Kamal Adwan Hospital has been struck multiple times over the past two months since Israel launched a fierce military operation in northern Gaza against Hamas militants. In October, Israeli forces raided the hospital, saying that militants were sheltering inside and arrested a number of people, including some staff. Hospital officials denied the claim. The United Nations humanitarian office estimates up to 75,000 people remain in the northern towns of Beit Hanoun, Beit Lahiya and the Jabaliya refugee camp. The area has been almost completely sealed off from humanitarian aid for two months and experts have warned that a famine may have set in . A medical relief team from the U.N. World Health Organization was able to reach Kamal Adwan Hospital on Monday, delivering 10,000 liters of fuel (2,640 gallons), blood supplies, essential medical items and food. The U.N. press office also said DEIR AL-BALAH, Gaza Strip — Palestinian mothers in Gaza are struggling to secure baby formula for their newborn children and are forced to resort to alternatives that aren't the best options for infants. The Health Ministry in Gaza reported Thursday a shortage in baby formula amid a lack of aid entering the besieged territory and high prices due to scarcity. If found in the market, one box of baby formula could cost up to $50, according to an Associated Press journalist. Ahmed al-Farra, director of the child and maternity department at Nasser Hospital in the southern city of Khan Younis, said in the video statement posted by the Health Ministry that Israeli forces have been denying the entry of baby formula to the Gaza Strip for around three months. He explained that some women in Gaza can’t breastfeed their babies due to their own malnutrition or illness and must resort to giving infants starch or dissolved herbs instead, which pose a health risk. One mother said in a video posted by the Health Ministry that she was feeding her baby crushed biscuits, ground rice, and Cerelac brand baby formula if available. Medical professionals often recommend waiting to feed a child solid foods until at least the age of six months. The amount of aid entering Gaza plunged in October, and hunger is widespread across the territory, even in central Gaza where aid groups have more access. Humanitarian organizations say Israeli restrictions, ongoing fighting and the breakdown of law and order make it difficult to deliver assistance. Israel has said it is working to increase the flow of aid. JERUSALEM — Israeli rights groups are calling on the government to stop the “forcible transfer” of Palestinians out of northern Gaza and for the displaced to be allowed to return home. A joint letter from five well-known groups says “this forcible transfer is being undertaken through direct attacks on the civilian population, threats of such attacks, and the creation of inhumane living conditions.” The letter was issued by Gisha, Adalah, HaMoked, the Association for Civil Rights in Israel and Physicians for Human Rights – Israel, groups based in Israel that advocate for Palestinian rights. Tens of thousands have fled Gaza’s northernmost governorate since Israel launched a military operation there in early October against Hamas militants. The United Nations humanitarian office estimates up to 75,000 people remain in the northern towns of Beit Hanoun, Beit Lahiya and the Jabaliya refugee camp. The area has been almost completely sealed off from humanitarian aid for two months and experts have warned that a famine may have set in . Israel has ordered repeated mass evacuations since the start of the war. Around 90% of Gaza’s population of 2.3 million people have fled, often several times . Hundreds of thousands are packed into sprawling tent camps along the coast, an Israeli-declared humanitarian zone where Israel has also carried out repeated strikes against what it says are militant targets. Moshe Yaalon, a former top Israeli general and defense minister, said last week that Israel was engaged in “ethnic cleansing” and other war crimes in northern Gaza. Amnesty International on Wednesday said Israel was committing genocide in Gaza . Israel has adamantly denied the allegations, saying it goes to great lengths to avoid harming civilians as it battles Hamas, which ignited the war with its Oct. 7, 2023 attack into Israel. CAIRO — Amnesty International accused Israel of committing genocide in the Gaza Strip during its war with Hamas, saying it has sought to deliberately destroy Palestinians by mounting deadly attacks, demolishing vital infrastructure and preventing the delivery of food, medicine and other aid. The human rights group released a report Thursday in the Middle East that said such actions could not be justified by Hamas’ Oct. 7, 2023, attack into Israel, which ignited the war, or the presence of militants in civilian areas. Amnesty said the United States and other allies of Israel could be complicit in genocide, and called on them to halt arms shipments. “Our damning findings must serve as a wake-up call to the international community: this is genocide. It must stop now,” Agnès Callamard, Secretary General of Amnesty International, said in the report. Israel, which was founded in the aftermath of the Holocaust, has adamantly rejected genocide allegations against it as an antisemitic “blood libel.” It is challenging such allegations at the International Court of Justice , and it has rejected the International Criminal Court’s accusations that Prime Minister Benjamin Netanyahu and his former defense minister committed war crimes in Gaza. “The deplorable and fanatical organization Amnesty International has once again produced a fabricated report that is entirely false and based on lies,” Israel’s Foreign Ministry said in a statement. Israel accused Hamas , which has vowed to annihilate Israel, of carrying out a genocidal massacre in the attack that triggered the war, and said it is defending itself in accordance with international law.Dave Hyde: Josh Allen Jr.? Once kings, 3-8 Patriots present an unbridled player Dolphins must controlThe Washington Commanders lost to the Dallas Cowboys on Sunday in a way that didn't have to be as heartbreaking as it turned out to be. Washington was well on its way to an upset loss about midway through the fourth quarter when KaVontae Turpin returned a kickoff 99 yards for a touchdown to put Dallas ahead 27-17. Then, the Commanders decided to give their home crowd some hope, and it did not end well. They scored twice in the final two minutes, including this incredible for what should have been the game-tying touchdown with 21 seconds left: COMMANDERS 86-YARD TOUCHDOWN WOW 📺: on FOX 📱: — NFL (@NFL) Unfortunately, kicker Austin Seibert that likely would have sent the game to overtime. And just like that, the comeback was over. NO GOOD. 📺: on FOX 📱: — NFL (@NFL) It gets even worse. The miss was Seibert's second of the day, as he also missed an extra point in the third quarter. The 28-year-old hadn't missed an extra point all season. Had he made either kick, this game maybe has a different result. Instead, the Cowboys ended up winning 34-26, because Washington was forced to kick an onside kick that . Losing like that to your biggest rival is going to be a hard one to get over.
Haiti’s health minister loses his job after a deadly gang attack on a hospital in the capital
Bitcoin shot past $100,000 for the first time on Thursday, taking the limelight away from stock markets that wavered as investors tracked political crises in France and South Korea. Oil prices fell modestly despite a move by the OPEC cartel and its allies to extend their supply cuts amid concerns about oversupply. Wall Street's main stock indexes retreated from records, while Paris and Frankfurt forged higher despite political uncertainty in Paris. Bitcoin reached a high of $103,800.45 before dipping below the symbolically important level to $99.154 near 2200 GMT. The digital asset has now soared more than 50 percent since the election of Donald Trump, who has vowed to make the United States the "bitcoin and cryptocurrency capital of the world". "Bitcoin smashed through $100,000 as the Trump Trade powered on with force," noted Dan Coatsworth, investment analyst at AJ Bell. The historic level was broken after Trump picked crypto proponent Paul Atkins to take over as chair of the Securities and Exchange Commission, the markets regulator. Atkins is founder of risk consultancy firm Patomak Global Partners, whose clients include companies in the banking, trading and cryptocurrency industries. Atkins "is unlikely to be as anti-crypto as his predecessor Gary Gensler", said Kathleen Brooks, research director at XTB trading platform. "Thus, politics is driving bitcoin. We doubt that the rally will stop here," she added. Stock markets struggled for direction ahead of important US jobs figures on Friday. Aaron Clark, an equity portfolio manager at GW&K, said investors "are probably not willing to step in" ahead of Friday's November employment data. "We've seen record inflows into equities," said Clark, who thinks the market could be poised for additional gains later in December. Paris closed higher despite the historic no-confidence vote that ousted the government of French Prime Minister Michel Barnier. President Emmanuel Macron vowed to name a new prime minister in the coming days to prevent France from sliding deeper into political turmoil, rejecting growing pressure from the opposition to resign "The French political crisis failed to knock European indices off course," said Coatsworth, an analyst at AJ Bell. Frankfurt was also in the green but London was flat. Most Asian stock markets finished higher but Seoul closed in the red. South Korean President Yoon Suk Yeol clung to power Thursday, his party announcing they will oppose an impeachment motion after his short-lived imposition of martial law stunned the world. "The silver lining we think is that the swift reversal of the martial law underscores the resilience of South Korea's institutions," said analysts at BMI, a unit of Fitch Solutions. "For now, we expect limited implications for the economy and financial markets as the Bank of Korea and the ministry of finance have responded swiftly by reassuring investors," they added. New York - Dow: DOWN 0.6 percent at 44,765.71 (close) New York - S&P 500: DOWN 0.2 percent at 6,075.11 (close) New York - Nasdaq: DOWN 0.2 percent at 19,700.26 (close) London - FTSE 100: UP 0.2 percent at 8,349.38 (close) Paris - CAC 40: UP 0.4 percent at 7,330.54 (close) Frankfurt - DAX: UP 0.6 percent at 20,358.80 (close) Tokyo - Nikkei 225: UP 0.3 percent at 39,395.60 (close) Hong Kong - Hang Seng Index: DOWN 0.9 percent at 19,560.44 (close) Shanghai - Composite: UP 0.1 percent at 3,368.86 (close) Euro/dollar: UP at $1.0591 from $1.0511 on Wednesday Pound/dollar: UP at $1.2760 from $1.2701 Dollar/yen: DOWN at 150.09 yen from 150.59 yen Euro/pound: UP at 82.97 from 82.75 pence Brent North Sea Crude: DOWN 0.3 percent at $72.09 per barrel West Texas Intermediate: DOWN 0.4 percent at $68.30 per barrel burs-jmb/arp
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