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Terawulf Energizes First Nuclear-Powered Bitcoin Mining Facility In The US



Terawulf, a Bitcoin mining operation, has announced that it has energized the first nuclear-powered Bitcoin mining facility in the United States at the company’s Nautilus Facility in Pennsylvania.


It has been reported according to the company that approximately 1 exahash per second (EH/s) or close to 8,000 application-specific integrated circuit (ASIC) Bitcoin miners are now online, and another 8,000 mining rigs will be delivered shortly.


However, the Nautilus facility is considered a milestone as it is the first Bitcoin mining facility of its kind to receive carbon-free energy 24/7 from the 2.5 GW Susquehanna nuclear plant in Pennsylvania.


Paul Prager, the Chairman and CEO of Terawulf, said:

“With the recent energization of the Nautilus facility earlier this month, approximately 16,000 of Terawulf’s owned miners, representing 1.9 EH/s of self-mining capacity, are on-site and being brought online daily. The Nautilus nuclear-powered mining facility benefits from what is arguably the lowest cost power in the sector, just $0.02/kWh for a term of five years.”

The report said that while 2022 was rough on Bitcoin mining operations, 2023 has been easier on Bitcoin miners due to a significant rise in the price of Bitcoin (BTC) since the end of last year. Additionally, several firms are expanding mining operations, with some locating to Pennsylvania.


Thus, a week ago, Mawson Infrastructure Group launched a mining operation based in Pennsylvania after exiting Australia. In addition to the 50-MW Nautilus facility, Terawulf announced that it is expanding operations at its Lake Mariner facility in New York. This move will increase the Lake Mariner operation from 60 MW to 110 MW.


Source: Bitcoin.com


 

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