Terawulf Energizes First Nuclear-Powered Bitcoin Mining Facility in the US, Plans to Expand Operations – Mining Bitcoin News

Terawulf Energizes First Nuclear-Powered Bitcoin Mining Facility in the US, Plans to Expand Operations

Terawulf, a bitcoin mining operation, has introduced that it has energized the first nuclear-powered bitcoin mining facility in the United States at the firm’s Nautilus Facility in Pennsylvania. According to the firm, roughly 1 exahash per second (EH/s) or shut to 8,000 application-specific built-in circuit (ASIC) bitcoin miners at the moment are on-line, and one other 8,000 mining rigs will likely be delivered shortly.

Nuclear-Powered Bitcoin Mining — A Milestone for Carbon-Free Bitcoin Mining

Terawulf introduced on Monday that the first behind-the-meter bitcoin mining facility powered by nuclear vitality has been energized, with almost 8,000 ASIC mining rigs now operational. The present 8,000 account for 1 EH/s of SHA256 hashpower, however Terawulf expects to deploy one other 8,000 miners in the coming weeks to attain 1.9 EH/s by May. According to the firm’s press launch about the Nautilus energization, Terawulf will obtain a set electrical energy charge of round $0.02 per kilowatt-hour (kWh) for the subsequent 5 years.

The Nautilus facility is taken into account a milestone as it’s the first bitcoin mining facility of its type to obtain carbon-free vitality 24/7 from the 2.5 GW Susquehanna nuclear plant in Pennsylvania. “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,” stated Paul Prager, the chairman and CEO of Terawulf, in an announcement. “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.”

While 2022 was tough on bitcoin mining operations, 2023 has been simpler on bitcoin miners due to a big rise in the worth of bitcoin (BTC) since the finish of final 12 months. Additionally, a number of companies are increasing mining operations, with some finding to Pennsylvania. Seven days in the past, Mawson Infrastructure Group launched a mining operation primarily based in Pennsylvania after exiting Australia. In addition to the 50-MW Nautilus facility, Terawulf introduced that it’s increasing operations at its Lake Mariner facility in New York. This transfer will improve the Lake Mariner operation from 60 MW to 110 MW.

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ASIC mining rigs, Bitcoin mining, blockchain know-how, Carbon Emissions, carbon-free vitality, Clean Energy, cryptocurrency trade, electrical energy charges, Energy Consumption, vitality manufacturing, vitality storage, vitality transition, energy-efficient, surroundings, fastened electrical energy charge, inexperienced mining, Lake Mariner, low price energy, Mawson Infrastructure Group, mining amenities, Mining Operations, mining profitability, mining rigs, Nautilus Facility, big apple, nuclear vitality, Paul Prager, Pennsylvania, energy grid, Renewable Energy, rise in bitcoin worth, self-mining capability, SHA256 hashpower, Susquehanna nuclear plant, sustainability, Terawulf

What impression do you assume the growing adoption of nuclear energy in bitcoin mining could have on the cryptocurrency trade and the surroundings? Share your ideas in the feedback part under.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a monetary tech journalist residing in Florida. Redman has been an lively member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 6,000 articles for Bitcoin.com News about the disruptive protocols rising right this moment.

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