Bitcoin miner Terawulf announced that it has energized the first nuclear-powered bitcoin mining facility in the United States at its Nautilus facility in Pennsylvania. According to the company, approximately 1 exahash/s (EH/s) and 8,000 application-specific integrated circuit (ASIC) bitcoin miners are online, with another 8,000 mining rigs to be delivered soon.
Nuclear Powered Bitcoin Mining – A Milestone to Carbon Free Bitcoin Mining
Terawulf announced Monday that it has energized its first behind-the-meter bitcoin mining facility powered by nuclear energy, with approximately 8,000 ASIC mining rigs in operation. The current 8,000 rigs account for 1 EH/s of SHA256 hash power, and Terawulf expects to deploy another 8,000 miners in the coming weeks, reaching 1.9 EH/s by May. According to the company’s press release on energizing Nautilus, Terawulf will receive a fixed electricity rate of approximately $0.02 per kilowatt-hour (kWh) for the next five years.
The Nautilus facility is considered a milestone for the first bitcoin mining facility of its kind to receive 24/7 carbon-free energy from the 2.5 GW Susquehanna Nuclear Power Plant in Pennsylvania.Terawulf Chairman and CEO Paul Prager said in a statement, “With the energization of the Nautilus facility earlier this month, approximately 16,000 of Terawulf’s owned miners, equivalent to 1.9 EH/s of self-mining capacity, are on-site and online daily.” The Nautilus nuclear mining facility benefits from arguably the lowest cost electricity in the sector, just $0.02/kWh over a five-year period.”
2022 was rough on the bitcoin mining business, but 2023 has been easier for bitcoin miners as the price ofbitcoin (BTC)has risen significantly since late last year. In addition, several companies have expanded their mining operations, some based in Pennsylvania; seven days ago, Mawson Infrastructure Group launched a Pennsylvania-based mining operation after pulling out of Australia, with a 50 MW Nautilus facility. In addition, TerraWolf announced that it will expand its operations at its Lake Mariner facility in New York. The move will increase the Lake Mariner operation from 60 MW to 110 MW.
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