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    Ed Engel

    Vice President and Senior Equity Analyst at Compass Point

    Ed Engel is a Vice President and Senior Equity Analyst at Compass Point Research & Trading, specializing in the fintech and digital assets sectors. He covers key companies such as Core Scientific, frequently providing investment recommendations and price targets, with recent metrics indicating an average return of -3.7% on his calls. Engel began his career in financial analysis in the early 2010s and joined Compass Point to focus on emerging digital infrastructure and financial technology firms. He is a registered securities professional, holding FINRA licensure and industry credentials relevant to equity research.

    Ed Engel's questions to TERAWULF (WULF) leadership

    Ed Engel's questions to TERAWULF (WULF) leadership • Q2 2025

    Question

    Ed Engel inquired about the timeline of Google's involvement in the FluidStack negotiations, whether Google has expressed interest in other sites, the nature of early termination protections, and if the 30-day option includes more warrants for Google.

    Answer

    CEO Paul Prager confirmed Google was involved 'from very early on' and was critical to the deal's financing. He also stated he expects the option for more capacity would include similar terms, including Google's equity participation. CTO Nazar Khan added that the lease contains 'usual SLAs' for performance and delivery, similar to the Core42 agreement.

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