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American actress and businesswoman Gwyneth Paltrow (Gwyneth Paltrow) participated in a round of investments involving the Bitcoin mining business Terawalf. According to reports, Paltrow and a group of investors made “a large number of 8-figure equity investments” in the company. Paltrow is known for his involvement in cryptocurrencies and joined crypto company Abra as an advisor in 2017.
Gwyneth Paltrow and investors make an “8-digit digital equity investment” in the Bitcoin mining business Terawalf
On December 13, Paul Prager, CEO of Terawalf Tweet About Gwyneth Paltrow’s investment in his Bitcoin mining business. “I am very pleased that Gwyneth Paltrow and others have invested in Terawalf and supported our team of energy entrepreneurs to create a first-class new paradigm [crypto mining] Use 100% zero-carbon energy,” Prager said. In addition, Report disclosure Investors such as Paltrow and Beautycon Media’s Iranian-American CEO Moj Mahdara “have made a large number of 8-figure equity investments in Terawalf.”
Joshua Fineman looking for Alpha explain Terawulf is in a reverse merger with a company called Ikonics (NASDAQ: IKNX). The merger of a special purpose acquisition company (SPAC) will change the publicly listed stock code to “WULF”. Many crypto companies have used the SPAC method to raise funds through initial public offerings (IPOs) to acquire existing companies. For example, the vertically integrated Bitcoin self-mining company Grid revealed its plans to go public on the New York Stock Exchange (NYSE) at the end of November. Transaction via SPAC.
Paltrow joined Abra as a consultant in 2017, and the businesswoman presented the subject of encryption in her lifestyle publication Goop
The investment in Terawalf is not Gwyneth Paltrow’s first foray into the crypto industry because she has been involved in crypto assets in the past. In the first week of August 2017, Abra CEO Bill Barhydt Announce Paltrow joined the company as a consultant. “She has always been a huge added value,” Bachter said of Paltrow at the time. “She opened up her network to us and provided us with valuable business advice,” Barhydt added.
Paltrow’s “Lifestyle Brand Changing Conversation” Goop and the most recent news publication Goop.com publish an article On “How to understand and invest in cryptocurrency” at the end of August. Paltrow discussed this topic with entrepreneur and cryptocurrency expert Sophie Wiberg Holm. The American actress and Wiberg Holm talked about “the rapidly changing landscape of digital currencies, how NFTs work, and the long-term advantages of investing in cryptocurrencies.”
What do you think of Gwyneth Paltrow’s investment in Bitcoin mining company Terawalf? Please tell us your thoughts on this topic in the comments section below.
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