{"id":15292,"date":"2021-12-14T18:54:06","date_gmt":"2021-12-14T18:54:06","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/actress-gwyneth-paltrow-invests-in-bitcoin-mining-operation-terawulf\/"},"modified":"2021-12-14T18:54:06","modified_gmt":"2021-12-14T18:54:06","slug":"actress-gwyneth-paltrow-invests-in-bitcoin-mining-operation-terawulf","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/actress-gwyneth-paltrow-invests-in-bitcoin-mining-operation-terawulf\/","title":{"rendered":"Actress Gwyneth Paltrow Invests in Bitcoin Mining Operation Terawulf"},"content":{"rendered":"

The American actress and businesswoman Gwyneth Paltrow has participated in an investment round involving the bitcoin mining operation Terawulf. According to reports, Paltrow and a group of investors made a \u201csubstantial, 8-digit equity investment\u201d in the company. Paltrow is well known for her involvement with cryptocurrencies and joined the crypto firm Abra in 2017 as an advisor.<\/strong><\/p>\n

Gwyneth Paltrow Joins Investors Making \u20188-Digit Equity Investment\u2019 in Bitcoin Mining Operation Terawulf<\/h2>\n

On December 13, Terawulf CEO Paul Prager tweeted<\/a> about Gwyneth Paltrow investing in his bitcoin mining operation. \u201cThrilled for Gwyneth Paltrow, among others, to invest in Terawulf and support our team of energy entrepreneurs\u2019 new paradigm for best-in-class [crypto mining] that uses 100% zero-carbon energy,\u201d Prager said. Furthermore, reports disclose <\/a>that investors like Paltrow and the Iranian-American CEO of Beautycon Media, Moj Mahdara, \u201cmade a substantial, 8-digit equity investment in Terawulf.\u201d<\/p>\n

Seeking Alpha\u2019s Joshua Fineman explains<\/a> that Terawulf is in the midst of a reverse merger with a firm called Ikonics (NASDAQ: IKNX). The special purpose acquisition company (SPAC) merger will change the publicly listed ticker to \u201cWULF.\u201d A number of crypto firms have leveraged the SPAC method to raise capital through an initial public offering (IPO) in order to acquire an existing company. For instance, the vertically integrated bitcoin self-mining company Griid revealed at the end of November its plans for a public listing on the New York Stock Exchange (NYSE) via a SPAC deal<\/a>.<\/p>\n

Paltrow Joined Abra as an Advisor in 2017, Businesswoman Features Crypto Subjects in Her Lifestyle Publication Goop<\/h2>\n

The investment in Terawulf is not Gwyneth Paltrow\u2019s first foray into the crypto industry as she\u2019s been involved with crypto assets in the past. During the first week of August 2017, Abra CEO Bill Barhydt announced<\/a> that Paltrow joined the company as an advisor. \u201cShe has been a huge value add,\u201d Barhydt said of Paltrow at the time. \u201cShe\u2019s opened up her network to us, given us valuable business advice,\u201d Barhydt added.<\/p>\n

Paltrow\u2019s \u201cconversation-changing lifestyle brand\u201d called Goop and the news publication Goop.com recently published an article<\/a> at the end of August on \u201chow to understand\u2014and invest\u2014in cryptocurrency. Paltrow discussed the subject with the entrepreneur and cryptocurrency expert Sophie Wiberg Holm. The American actress and Wiberg Holm conversed about \u201cthe rapidly changing landscape of digital currency, how NFTs work, and the long-term upsides of investing in cryptocurrency.\u201d<\/p>\n

What do you think about Gwyneth Paltrow investing in the bitcoin mining company Terawulf? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, Abra, Abra CEO, American Actress, Bill Barhydt, Bitcoin, Bitcoin (BTC), Bitcoin mining, BTC Mining, crypto mining, GOOP, Gwyneth Paltrow, investment, lifestyle brand, mining company, Moj Mahdara, Silicon Valley, Sophie Wiberg Holm, SPAC deal, Terawulf, VC, Venture Capital, WULF, zero-carbon energy<\/p>\n","protected":false},"excerpt":{"rendered":"

The American actress and businesswoman Gwyneth Paltrow has participated in an investment round involving the bitcoin mining operation Terawulf. According to reports, Paltrow and a group of investors made a \u201csubstantial, 8-digit equity investment\u201d in the company. Paltrow is well known for her involvement with cryptocurrencies and joined the crypto firm Abra in 2017 as…<\/p>\n","protected":false},"author":0,"featured_media":15293,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-15292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/15292"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=15292"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/15292\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/15293"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=15292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=15292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=15292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}