We are confident that by integrating flexible baseload energy demand into the electric grid, we will accelerate the transition to a more resilient, stable and sustainable energy future while generating attractive investor returns and tangible benefits, including job creation, for our communities.”. "Nautilus Cryptomine's mining facilities will create zero-carbon coins with the appropriate regulatory overlay, mined in the United States in a secure location. 7, 2013: IKONICS Promotes Dr. Karl Shaw to Chief Technology Officer, Feb. 19, 2013: STRONG FOURTH QUARTER LIFTS IKONICS, Jun. 30, 2014: IKONICS Corporation Announces Aerospace Expansion Plans, Apr. These statements are based on certain assumptions made by Talen based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate. 30, 2016: NASA Research Supports IKONICS Technology, Apr. What a pity…. 6, 2016: IKONICS Appoints Two New Directors to Board, Sept. 20, 2016: IKONICS Ribbon Cutting Celebrates Aerospace Expansion, Oct. 14, 2016: IKONICS Alpha FlexTrace Wins Product of the Year at SGIA, Feb. 24, 2015: IKONICS FEATURED IN TWIN CITIES BUSINESS ARTICLE, Feb. 24, 2015: IKONICS REPORTS RECORD SALES FOR 2014, Feb. 23, 2015: Chromaline® Hires Art Dobie as Northeast Technical Sales Representative, Jan. 20, 2015: IKONICS Announces Continuing Program with Honeywell Aerospace, May 5, 2015: IKONICS DETAILS EXPANSION PLANS, Apr. The company, on Friday, priced its IPO at $13 per share. Grove, Inc. (NASDAQ: GRVI ) jumped 50.2% to $8.41. Revenue for the second quarter of 2021 was $4,251,000 compared to $2,572,000 for the same period in 2020, an increase of 65%. Paul Weiss , Rifkind, Wharton & Garrison LLP is serving as legal advisor and Moelis & Company LLC is serving as financial advisor to TeraWulf. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, including, without limitation: (1) risks related to the consummation of the mergers, including the risks that (a) the mergers may not be consummated within the anticipated time period, or at all, (b) the parties may fail to obtain shareholder approval of the merger agreement, (c) other conditions to the consummation of the mergers under the merger agreement may not be satisfied, (d) all or part of TeraWulf’s contemplated financing in connection with the mergers may not become available, and (e) the significant limitations on remedies contained in the merger agreement may limit or entirely prevent a party from specifically enforcing another party’s obligations under the merger agreement or recovering damages for any breach; (2) approval of the combined company’s application to list its shares on Nasdaq; (3) no assurance that future developments affecting TeraWulf will be those that it has anticipated; TeraWulf’s projected financial information is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results since the assumptions and estimates underlying such projected financial information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information; (4) the effects that any termination of the merger agreement may have on a party or its business, including the risks that (a) the price of IKONICS common stock may decline significantly if the mergers are not completed, (b) the merger agreement may be terminated in circumstances requiring IKONICS to pay TeraWulf a termination fee of $1.2 million, or (c) the circumstances of the termination, may have a chilling effect on alternatives to the mergers; (5) the effects that the announcement or pendency of the mergers may have on IKONICS and its business, including the risks that as a result (a) the business, operating results or stock price of IKONICS may suffer, (b) its current plans and operations may be disrupted, (c) the ability of IKONICS to retain or recruit key employees may be adversely affected, (d) its business relationships (including, customers, franchisees and suppliers) may be adversely affected, or (e) management and employee attention may be diverted from other important matters; (6) the effect of limitations that the merger agreement places on IKONICS’s ability to operate its business, return capital to shareholders or engage in alternative transactions; (7) the nature, cost and outcome of pending and future litigation and other legal proceedings, including any such proceedings related to the transactions and instituted against IKONICS and others; (8) the risk that the transaction may involve unexpected costs, liabilities or delays; (9) other economic, business, competitive, legal, regulatory, and/or tax factors; (10) the possibility that less than all or none of the legacy IKONICS business will be sold prior to the expiration of the CVRs; and (11) other factors described under the heading “Risk Factors” in Part I, Item 1A of IKONICS’s annual report on Form 10-K for the fiscal year ended December 31, 2020, as updated or supplemented by subsequent reports that IKONICS has filed or files with the SEC. 24, 2014: IKONICS ANNOUNCES RECORD FIRST QUARTER SALES AND DISCUSSES AEROSPACE ACTIVITY, Nov. 6, 2014: IKONICS REPORTS RECORD SALES AND A 20% THIRD QUARTER EARNINGS INCREASE, Mar. We have a talented management team with a proven track record and we are ready to rapidly scale due to an established supply chain and strong partner relationships. (1) Current capacity per monthly presentation; Riot (company press release, July 2021), Bitfarms (company presentation, June 2021), Hut 8 (company p This press release and the materials referred to herein are not an offer to sell or purchase, or a solicitation of an offer to sell or purchase, any securities. Additional information regarding Talen's energy transition and digital infrastructure transformation is available on the Company's website and in its recent ESG Equity Investor Day presentation. Sited and managed appropriately, mining operations provide resiliency to the electric grid while leading the rapid development of the global fintech infrastructure.”, Glenn Sandgren, Chief Executive Officer of IKONICS, said, “We are pleased to have reached this agreement with TeraWulf and look forward to partnering with them. Mining rigs mine the Ethereum and Zilliqa cryptocurrencies at the Evobits crypto farm in Cluj-Napoca, Romania, on Wednesday, Jan. 22, 2021. Talen Energy Corporation Announces Zero-Carbon Bitcoin Mining Joint Venture with TeraWulf Inc. Joint Venture is developing up to 300 Megawatts of bitcoin mining capacity powered by Talen's zero-carbon Susquehanna digital infrastructure campus at lowest cost in the U.S. https://www.talenenergy.com/esg-focused-future/. A presentation and additional materials regarding the transaction are available on TeraWulf’s website. Digital platforms are keeping many businesses on solid financial ground during the ever-shifting swings in the Covid-19 economy. Denver, CO. $28K - $58K (Glassdoor est.) The presentation of this information is not meant to be a substitute for the corresponding financial measures prepared in accordance with GAAP. TeraWulf was formed to own and operate fully integrated environmentally clean cryptocurrency mining facilities in the United States. Alfi, Inc. (NASDAQ: ALF ) gained 46.3% to $18.81. 28, 2011: IKONICS REPORTS FIRST QUARTER RESULTS, Sep. 26, 2011: IKONICS Corporation named 2011 Tekne Award Finalist, Sept. 6, 2011: IKONICS CORPORATION and KURABO INDUSTRIES ANNOUNCE ALLIANCE, Aug. 4, 2011: IKONICS REPORTS RECORD QUARTERLY SALES, Nov. 10, 2011: IKONICS REPORTS EARNINGS DIP ON RECORD QUARTERLY SALES, Feb. 19, 2010: IKONICS REPORTS FOURTH QUARTER AND FULL YEAR RESULTS, IKONICS GRANTED EUROPEAN PATENT FOR DIGITAL TEXTURING TECHNOLOGY, Apr. 11, 2016: IKONICS Announces Long-Term Agreement with EnCore Composite Structures, Apr. 26, 2003: IKONICS ANNOUNCES NEW ISO CERTIFICATION, Aug. 11, 2003: Jon Gerlach Joins IKONICS as VP of Finance and CFO, Apr. ... A presentation … 30, 2008: IKONICS Breaks Ground on Morgan Park Construction Project, Aug. 1, 2008: IKONICS Announces Stock Repurchase Program, CHROMALINE® HIRES MARTY MEDVETZ AS OHIO VALLEY REGION TECHNICAL SALES REPRESENTATIVE, Jan. 2, 2007: IKONICS Corporation Acquires Image Mate™ From Franklin International, Sep. 21, 2007: CHROMALINE® Reformulates PC 787, Sep. 12, 2007: IKONICS CORPORATION ANNOUNCED AS FINALIST FOR EIGHTH ANNUAL TEKNE AWARDS, Sep. 7, 2007: IKONICS Acquires Option to Purchase City Land, CHROMALINE® HIRES CRAIG SCHERER AS EAST COAST TECHNICAL SALES REPRESENTATIVE, Aug. 27, 2007: IKONICS Imaging Introduces R3™, Mar. We look forward to growing and expanding the scope of Nautilus Cryptomine and believe that nuclear energy will be an important contributor as we work to accelerate the transition to a more resilient, stable and sustainable energy future.". Talen said it will fund its share in the JV from its current liquidity and from third-party debt and equity sources. IKONICS’s directors and executive officers are deemed to be participants in the solicitation of proxies from shareholders in connection with the proposed transaction. The Joint Venture is expected to invest approximately $350-400 million in Phase I of the zero-carbon bitcoin mining operation with an aggregate anticipated hash rate that will exceed 5 exahash per second. Talen anticipates funding its share of the Joint Venture commitment from its current liquidity and from third party debt and equity sources. Entered into a definitive merger agreement with TeraWulf Inc. (“TeraWulf”) for a business combination, which is expected to close in the second half of 2021. The shares of the combined company’s common stock to be received by the IKONICS shareholders will collectively represent 2% of the combined company’s pro forma common equity ownership. A presentation and additional materials regarding the transaction are available on TeraWulf's website. For more information on IKONICS, please visit www.Ikonics.com. A presentation and additional materials regarding the transaction are available on TeraWulf's website. TeraWulf was formed to own and operate fully integrated environmentally clean cryptocurrency mining facilities in the United States. In addition to generating value and advancing Talen's transformation, these projects serve as another example of Talen's Force for Good ESG strategy which, in addition to decarbonizing its asset base, will invest in its communities and provide new opportunities for its people. In addition to generating value and advancing Talen's transformation, these projects serve as another example of Talen's Force for Good ESG strategy which, in addition to decarbonizing its asset base, will invest in its communities and provide new opportunities for its people. TeraWulf Inc. ("TeraWulf"), poised to become a best-in-class bitcoin mining company, announced today it expects to become a Nasdaq-listed company through … Global nuclear firms are expanding non-power applications for nuclear plants in order to align more closely with the broader energy transition. Talen is developing a large-scale portfolio of renewable energy, battery storage, and digital infrastructure assets across its expansive footprint. Talen anticipates funding its share of the Joint Venture commitment from its current liquidity and from third party debt and equity sources. "The Nautilus Cryptomine Joint Venture is evidence of our team's decades of operational and engineering energy infrastructure expertise, which we believe is at the core of cryptocurrency mining. Phase I of the Nautilus Cryptomine facility is a 180-megawatt bitcoin mining facility which will be built on Talen's digital infrastructure campus adjacent to its Susquehanna nuclear power generation station ("Susquehanna") in Berwick, Pennsylvania. With Hash24.com, you can receive the top performing digital currency without an expensive mining hardware or setting up software settings. Charles Thayer, an … THE WOODLANDS, Texas, Aug. 3, 2021 /PRNewswire/ -- Talen Energy Corporation ("Talen" or "the Company") announced today that, as part of its strategic transformation to a renewable energy and digital infrastructure growth platform, it has entered into a Joint Venture with TeraWulf Inc. ("TeraWulf"), a U.S.-based bitcoin mining company, to develop up to 300 Megawatts of zero-carbon bitcoin mining capacity. TeraWulf was formed to own and operate fully integrated environmentally clean cryptocurrency mining facilities in the United States. Consulting. The Company’s mining facility in New York is expected to be operational in the fourth quarter of 2021 and the mining facility in Pennsylvania recently commenced site work with targeted operation in the second quarter of 2022. This communication does not constitute a solicitation of proxy, an offer to purchase, or a solicitation of an offer to sell any securities. Revenue for the second quarter of 2021 was $4,251,000 compared to $2,572,000 for the same period in 2020, … This press release includes "forward-looking statements." Event Manager / Event Chef. November 5, 2014. The legacy business continues to perform well in the face of near-term supply chain challenges. Security auditing, vulnerability assessments, and penetration testing. Most recently, Talen has proposed, in a private presentation to its debt investors, that it would spend up to $400 million ($225 million of that project-level debt) on a new data centre, and $300 million on a facility dedicated to mining cryptocurrency. Meanwhile, energy use from the network is creeping back up. 18, 2013: IKONICS Corporation Works with Lockheed Martin on Ceramic Matrix Composites, Nov. 6, 2013: IKONICS REPORTS THIRD QUARTER EARNINGS, Mar. (218) 628-2217, Copyright © 2020 IKONICS ® Corporation | All Rights Reserved | ISO 9001 Certified | NASDAQ Listed: IKNX | Website Powered by Brandography, IKONICS Announces Improved 2020 and Fourth Quarter Results, TeraWulf and IKONICS Announce Merger Agreement, February 20, 2020: IKONICS Releases Fourth Quarter Results, IKONICS Develops Film for the Hydrographics Printing Market, IKONICS Announces Chief Executive Officer Transition, IKONICS ANNOUNCES FURLOUGHS AND ADDITIONAL COST CUTTING MEASURES, IKONICS Announces First Quarter 2020 Results, IKONICS Launches Custom Textile Stencil for Global Creative Arts Market, IKONICS Announces Second Quarter 2020 Results, IKONICS Announces Third Quarter 2020 Results, February 21, 2019: IKONICS Releases Fourth Quarter Results, April 25, 2019: IKONICS Releases First Quarter Results, IKONICS Announces William C. Ulland's Retirement as President and CEO, August 2, 2019: IKONICS Releases Second Quarter Results, October 31, 2019: IKONICS Releases Third Quarter Results, Feb. 22, 2018: IKONICS Releases Fourth Quarter Results, April 26, 2018: IKONICS Releases First Quarter Results, August 2, 2018: Aerospace Leads Revenue Growth at IKONICS, November 1, 2018: IKONICS Releases Third Quarter Results, Mar. For more information, visit https://www.talenenergy.com/esg-focused-future/, Olivia Sigo Director, Finance, Investor Relations & ESG281-203-5387 [email protected], Taryne WilliamsMedia & Community Relations Manager 610-601-0327 [email protected], Cautionary Statement Regarding Forward-Looking Information. On Tuesday, Talen announced a coin mining joint venture with TeraWulf Inc. to develop as much as 300 megawatts of Bitcoin mining capacity. Michael Freitag / Joseph Sala / Lyle Weston Talen Energy Corporation's ("Talen Energy") management has scheduled a conference call to discuss second quarter 2021 results on Thursday, August 12, 2021, at 4:00 p.m. EDT. 7, 2001: Chromaline Introduces New UV Minder™ Integrating Radiometer, Aug. 30, 2001: CHROMALINE ENTERS EUROPEAN ALLIANCE WITH AICELLO, Feb. 17, 2000: Chromaline Signs Deal to Market DuPont Developed Film, May 10, 2000: CHROMALINE WINS SUMMARY JUDGMENT IN PATENT INFRINGEMENT SUIT, Nov. 14, 2000: Chromaline Introduces New UDC-ACE Emulsion. Missfresh (NASDAQ: MF) shares fell 8.2% to $8.87 in pre-market trading. 13, 2015: IKONICS Announces Mistras Group Independent Laboratory Report, Nov. 5, 2015: IKONICS Reports Third Quarter Results and Progress in Its Aerospace Operations, Mar. These statements are based on certain assumptions made by Talen based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate. IKONICS shares jumped 64% on Friday after the company, and TeraWulf, announced a merger agreement. Talen’s 6.5% unsecured notes due 2025 had traded at a more than one-year high of 89 cents on the dollar in February. Presentation Material. Luckily, there's always a way out! ENEGIX is the operator of one of the largest data centers in the world. "Our Nautilus Cryptomine JV is another tangible expression of Talen's transformation to a lower carbon and digital infrastructure future," said Alex Hernandez, Talen President. TeraWulf will provide domestically produced bitcoin powered by more than 90% zero-carbon energy with a … 24, 2013: IKONICS Announces First Quarter Results and Status of New Business Initiatives, Apr. Under the terms of the agreement, which has been unanimously approved by the Boards of Directors of both companies, each outstanding share of IKONICS common stock will receive $5.00 in cash, one CVR, and one share of the combined company’s common stock. Configuration, integration, and handover of new systems. Nautilus Cryptomine will be powered via a direct interconnection to Susquehanna that will provide low-cost, reliable, zero-carbon electricity. 16d. DULUTH, Minn., Aug. 06, 2021 (GLOBE NEWSWIRE) -- IKONICS Corporation (Nasdaq: IKNX), a Duluth-based imaging technology company (“IKONICS” or the “Company”), announced its second quarter 2021 earnings. Such statements include statements concerning anticipated future events and expectations that are not historical facts. 23, 2006: IKONICS and Imaging Technology International Agree on Development Program for New Inkjet Technology, Mar. U.S. natural gas futures rose to 29-month highs on forecasts for hotter weather/higher air conditioning –up around 2c, or 0.5%, to $3.436 per mln btus, around its highest close since January 2019 for a second day in a row. Additional information regarding these individuals is set forth in its annual report on Form 10-K for the fiscal year ended December 31, 2020, its definitive proxy statement for the annual meeting held on April 29, 2021, and the revised definitive proxy statement for the same meeting, which were filed with the SEC on March 3, 2021, March 23, 2021, and April 6, 2021, respectively. Company Executives share vision and answer questions live at VirtualInvestorConferences.com. Mechanical Technology ... then the 2% of TeraWulf is being valued at ~$7.00/share by the market (at $23.00 share price). For more information on TeraWulf, please visit www.TeraWulf.com or follow @TeraWulfInc on Twitter. Investors are encouraged to review the reconciliation of GAAP to non-GAAP financials measures below. Chief Executive Officer 29, 2010: IKONICS REPORTS STRONG SECOND QUARTER AND SIX MONTHS RESULTS, Nov. 17, 2010: IKONICS and Colour Scanner Technology Announce Strategic Alliance, Oct. 28, 2010: IKONICS REPORTS RECORD SALES FOR THIRD QUARTER AND NINE MONTH PERIODS, Feb. 23, 2009: IKONICS APPOINTS LOCKWOOD CARLSON TO BOARD OF DIRECTORS, Apr. Cision Distribution 888-776-0942 Talen Energy Investors Await Update From The Top After Pivot To Crypto DULUTH, Minn., Aug. 06, 2021 (GLOBE NEWSWIRE) — IKONICS Corporation (Nasdaq: IKNX), a Duluth-based imaging technology company (“IKONICS” or the “Company”), announced its second quarter 2021 earnings. TeraWulf will provide domestically produced bitcoin powered by more than 90% zero-carbon energy with a goal of utilizing 100% zero-carbon energy. 26, 2001: Chromaline Introduces New AccuArt Inkjet Film, Feb. 1, 2001: CHROMALINE ANNOUNCES MARKETING ALLIANCE, Jan. 24, 2001: The Chromaline Corporation Announces End to Patent Suit, Jan. 18, 2001: CHROMALINE BOARD NAMES CLAUDE PIGUET EXECUTIVE VICE PRESIDENT, Jun. (1) Current capacity per monthly presentation; Riot (company press release, July 2021), Bitfarms (company presentation, June 2021), Hut 8 (company presentation, May 2021), Greenindge (company presentation, March 2021), Marathon (company website, July 2021), Hive (company website, July 2021), TeraWulf (company press release, June 2021), Argo (company … Talen is developing a large-scale portfolio of renewable energy, battery storage, and digital infrastructure assets across its expansive footprint. Information on Talen's website is not part of this press release. NEW YORK, NY / ACCESSWIRE / September 17, 2021 / Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies:GP Strategies Corporation (NYSE:GPX) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Learning Technologies Group for $20. Institutional investors may access a replay of the event via the following registration link: https://talenenergy.investorroom.com/2021-esg-equity-investor-day. IKONICS shares jumped 64% on Friday after the company, and TeraWulf, announced a merger agreement. October 21, 2020. Grove shares gained 12% on Thursday after the company priced its IPO at $5 per share. In the presentation, investigators reported results specifically for the 14 patients with two copies of SMN2. "Our Nautilus Cryptomine JV is another tangible expression of Talen's transformation to a lower carbon and digital infrastructure future," said Alex Hernandez, Talen President. 177 likes. Paul Weiss, Rifkind, Wharton & Garrison LLP is serving as legal advisor and Moelis & Company LLC is serving as financial advisor to TeraWulf. Revenue for the second quarter of 2021 was $4,251,000 compared to $2,572,000 for the same period in 2020, an increase of 65%. from 8 AM - 9 PM ET. All forward-looking statements are qualified in their entirety by this cautionary statement. In addition, TeraWulf plans to implement its proven model for large cryptocurrency mine development and operations, which will help ensure TeraWulf can scale efficiently.
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