HomeBitcoinThe Ohio State president's involvement with a nuclear-powered Bitcoin mining operation

The Ohio State president’s involvement with a nuclear-powered Bitcoin mining operation

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Ohio State President’s Connection to a Nuclear Bitcoin Mining Operation

Ohio State University President Ted Carter’s connection to a nuclear Bitcoin mining operation has raised eyebrows and sparked curiosity among students and attendees. During a controversial commencement speech, speaker Chris Pan called for help with a Bitcoin demonstration, and Carter ended up holding a metaphorical coin on stage. Pan, a social entrepreneur, had drawn criticism for encouraging investments in cryptocurrency, which he called “misunderstood.”

It was revealed that Carter is involved in a multimillion-dollar Bitcoin business, as disclosed in 2021 filings with the U.S. Securities and Exchange Commission. He joined the board of directors of Bitcoin miner TeraWulf, Inc., a publicly traded company. TeraWulf’s Chief Strategy Officer, Kerri Langlais, explained that Carter’s involvement with the company came through a mutual connection, as both Carter and the company’s founder, Paul Prager, are alumni of the U.S. Naval Academy.

TeraWulf operates mining facilities that use sustainable and responsible energy sources, such as zero-carbon nuclear energy and hydropower. Carter’s military background, having commanded nuclear-powered aircraft carriers in the Navy, is seen as valuable to the company’s operations. Despite concerns about the environmental impact of Bitcoin mining, TeraWulf’s use of clean energy sources sets it apart from other mining operations.

Carter’s involvement with TeraWulf has raised questions about conflicts of interest and the intersection of academia and industry. While it is common for university presidents to sit on public and private boards, Carter’s direct affiliation with a cryptocurrency mining operation is unique among university presidents in Ohio. Past presidents of Ohio State University have also held roles outside the university, serving on boards of tech, biotech, and retail companies.

The story of Carter’s connection to a nuclear Bitcoin mining operation sheds light on the growing intersection of academia, technology, and finance, and raises important questions about transparency and accountability in university leadership.

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