The American actress and businesswoman Gwyneth Paltrow has participated in an funding spherical involving the bitcoin mining operation Terawulf. According to reviews, Paltrow and a bunch of buyers made a “substantial, 8-digit equity investment” in the corporate. Paltrow is well-known for her involvement with cryptocurrencies and joined the crypto agency Abra in 2017 as an advisor.
Gwyneth Paltrow Joins Investors Making ‘8-Digit Equity Investment’ in Bitcoin Mining Operation Terawulf
On December 13, Terawulf CEO Paul Prager tweeted about Gwyneth Paltrow investing in his bitcoin mining operation. “Thrilled for Gwyneth Paltrow, among others, to invest in Terawulf and support our team of energy entrepreneurs’ new paradigm for best-in-class [crypto mining] that uses 100% zero-carbon energy,” Prager stated. Furthermore, reports disclose that buyers like Paltrow and the Iranian-American CEO of Beautycon Media, Moj Mahdara, “made a substantial, 8-digit equity investment in Terawulf.”
Seeking Alpha’s Joshua Fineman explains that Terawulf is in the midst of a reverse merger with a agency known as Ikonics (NASDAQ: IKNX). The particular function acquisition firm (SPAC) merger will change the publicly listed ticker to “WULF.” Plenty of crypto corporations have leveraged the SPAC technique to lift capital via an preliminary public providing (IPO) in order to amass an current firm. For occasion, the vertically built-in bitcoin self-mining firm Griid revealed on the finish of November its plans for a public itemizing on the New York Stock Exchange (NYSE) through a SPAC deal.
Paltrow Joined Abra as an Advisor in 2017, Businesswoman Features Crypto Subjects in Her Lifestyle Publication Goop
The funding in Terawulf shouldn’t be Gwyneth Paltrow’s first foray into the crypto business as she’s been concerned with crypto belongings in the previous. During the primary week of August 2017, Abra CEO Bill Barhydt introduced that Paltrow joined the corporate as an advisor. “She has been a huge value add,” Barhydt stated of Paltrow on the time. “She’s opened up her network to us, given us valuable business advice,” Barhydt added.
Paltrow’s “conversation-changing lifestyle brand” known as Goop and the information publication Goop.com just lately published an article on the finish of August on “how to understand—and invest—in cryptocurrency. Paltrow discussed the subject with the entrepreneur and cryptocurrency expert Sophie Wiberg Holm. The American actress and Wiberg Holm conversed about “the rapidly changing landscape of digital currency, how NFTs work, and the long-term upsides of investing in cryptocurrency.”
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