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Paul Prager

Co-Founder, Chairman and Chief Executive Officer, Terawulf

Search every verified Paul Prager interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Paul Prager, co-founder, chairman, and CEO of TeraWulf, has recently discussed the company's expansion in AI and high-performance computing data centers, including a $19 billion lease agreement with Anthropic for a site in Kentucky. He stated that the company acquired the site in February 2026 and announced the fully contracted lease less than six months later, attributing the speed to lessons learned from prior projects and familiarity with the customer. Prager also said that six potential customers have shown interest in a new site and that existing customers have requested accelerated timelines due to high demand. Prager has addressed industry challenges, including water usage, power supply, and regulation. He claimed that most AI data centers now operate on closed-loop systems that require no additional water for roughly ten years after an initial fill. He expressed support for thoughtful regulation, including a New York statewide data center moratorium, stating it does not impact TeraWulf's facilities. Prager predicted a "real fallout" in the industry within about 12 months, distinguishing between companies that deliver on execution and those that do not, and emphasized his preference for owning energy infrastructure over purchasing GPUs, citing uncertainty about their future value.

Recent appearances

  • Insider Reveals The Truth About Data Centers

    Do AI data centers really drink the town dry? Not according TeraWulf (WULF) CEO Paul Prager. He says the majority now run on closed-loop systems that require one fill, then no more water for roughly ten years. In this episode of The Upside, Lou Basenese and the CEO tackle all the data center debate issues head on: water, power, noise, and why more regulations, not less are best. Then they get into WULF's business itself, including the $19 billion Anthropic lease in Kentucky, six bidders fighting over a single new site, why Prager won't buy one GPU, and why he thinks a real fallout in the spa…

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  • TeraWulf CEO Paul Prager | $19 Billion Anthropic Deal | AI Data Centers | Building The Future of HPC

    Paul Prager is the Co-Founder, Chairman, and Chief Executive Officer of TeraWulf, a leading developer and operator of power infrastructure e for AI and high-performance computing data centers. A U.S. Naval Academy graduate and former anti-submarine warfare officer, Prager has spent more than three decades building and operating large-scale energy assets. Since 1990, he has founded and led Beowulf Electricity & Data and its predecessor companies, developing multi-gigawatt power generation, infrastructure, commodity trading, and shipping businesses across continents. Under his leadership, TeraWu…

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  • AI's Bottleneck Isn't Chips. It's Power.

    ▶️ NEWER CONVERSATION — Lou sat back down with TeraWulf (WULF) CEO Paul Prager in September 2026: the water question, the regulation fight, the Anthropic lease in Kentucky, six players in one data room, and what actually changed since this interview. Watch it here →    • Insider Reveals The Truth About Data Centers   TeraWulf (NASDAQ: WULF) was a $7 billion company when Lou Basenese asked CEO Paul Prager a simple question: Could WULF 10X from here? - - - - - - - - - - - - - - - - - - - - - - - - - Eight months later, TeraWulf is worth roughly $8 billion — and has signed a 20-year Anthropic…

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  • TeraWulf Q2 2026 Earnings Call | Zero Carbon Bitcoin Mining & AI Compute Infrastructure

    TeraWulf Q2 2026 Earnings Conference Call. Twitter - https://x.com/i101yt If you find our work useful, please support us by purchasing a Super Thanks— it truly helps us a lot. #earningscall #StockMarketNews #conferenceCall Earnings Call | Earnings Conference Call | Earnings concall | concall | quarterly results | Stock News | Full Year results | Fiscal Year results | investment news | stock latest news | Annual Meeting of Shareholders | Annual Meeting of Unitholders | Special and Annual Meeting of Shareholders | AGM | Annual General Meeting If you want us to remove your company's earning…

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  • TeraWulf, Anthropic deal projected to generate $19 BILLION

    TeraWulf CEO Paul Prager discusses the company’s deal with Anthropic, projected to generate $19 billion, on ‘The Claman Countdown.’ #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #theclamancountdown #terawulf #anthropic #artificialintelligence #ai #datacenter #cloudcomputing #technology #business #investment #stocks #economy #ceo #paulprager #energy #digitalinfrastructure #growth Don’t just watch Fox News—be part of it. Become a Fox News Patriot today. https://youtube.com/foxnews/join Subscribe to Fox News: https://bit.ly/2vBUvAS Watch more Fox News Video: http://video…

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  • TeraWulf CEO Excited About Anthropic Data Center Agreement

    TeraWulf CEO Paul Prager says a new 20-year lease agreement with Anthropic is a major vote of confidence in the company’s AI infrastructure strategy. Speaking on "Bloomberg The Close," Prager also discusses plans for a purpose-built AI campus at TeraWulf’s Kentucky site and what the long-term partnership means for future growth. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-…

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  • Terawulf CEO on demand in AI infrastructure

    Paul Prager, Terawulf CEO, joins 'Power Lunch' to discuss the insatiable demand for electricity around data centers, energy infrastructure and much more.

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  • Terawulf CEO on pivoting the business from crypto mining to AI data center supplier

    Terawulf co-founder & CEO Paul Prager discusses how the company shifted to becoming a data center supplier, and meeting the tremendous demand for the AI boom. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect…

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  • Fireside Chat with TeraWulf CEO Paul Prager | Cantor 2026

    We hope you enjoy this conversation with TeraWulf's CEO, Paul Prager, from the Cantor Global Tech & Industrial Growth Conference. Cantor's Website: https://www.cantor.com/ Cantor on LinkedIn:   / cantor-fitzgerald   Cantor on X: https://x.com/Official_Cantor Follow WULF on socials: X: https://x.com/TeraWulfInc Instagram:   / terawulf   LinkedIn:   / terawulf   Website: www.terawulf.com

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  • Paul Prager (TeraWulf) Building a Zero Carbon Bitcoin Miner (EP.315)

    TeraWulf (https://www.terawulf.com/about/) cofounder and CEO Paul Prager (  / paulbprager  ) joins us to talk about his experience building a vertically-integrated, zero carbon Bitcoin miner. In this installment of the mining miniseries we cover: • Paul's career trajectory from coal trading to energy infrastructure to Bitcoin • Beowulf's deal with Marathon and their entry into Bitcoin • How TeraWulf distinguishes itself from other Bitcoin miners • Why TeraWulf has an explicit ESG focus • Zero carbon and how that differs from 'carbon neutra…

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  • Terawulf CEO on recent deals: Represents chance to meet energy demand needs from hyperscalers

    Paul Prager, Terawulf founder and CEO, joins 'Power Lunch' to discuss the company's expansion plans, its recent deals and what they mean and much more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CN…

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  • TeraWulf CEO: Google has an in-house expert at every stage of value chain

    CNBC's "Power Lunch" team discusses TeraWulf's partnership with Google, machine learning outlook and more with TeraWulf ...LET'S TALK MORE ABOUT IT NOW WITH TARA WOLF, CO-FOUNDER AND CEO, PAUL PRAGER. PAUL, THANKS FOR FOR ...

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The summary and quote tags on this profile are produced with AI assistance from verified, first-person interview transcripts, then checked by our team to confirm the speaker's identity and the accuracy of every quote. See how we verify →