Tuesday, March 21, 2023

United States-based Bitcoin mining firm TeraWulf has fired up a brand new crypto mining facility in Pennsylvania — solely operating on nuclear energy generated on-site. 

In Mar. 6 statement, TeraWulf mentioned the Nautilus Cryptomine facility is its first “behind the meter” Bitcoin (BTC) mining facility, which refers to utilizing power immediately on the era website with out touring by means of the grid.


The Nautilus Cryptomine immediately sources carbon-free baseload energy from the two.5 gigawatt (GW) Susquehanna nuclear era station on website.

Paul Prager, Chairman and CEO of TeraWulf claims the Nautilus mining facility now has “arguably the bottom price energy within the sector, simply $0.02/kWh for a time period of 5 years.”

The corporate additionally revealed they’ve now introduced on-line practically 8,000 mining rigs representing computing energy, or hash fee, of 1.0 exahashes per second (EH/s), with plans for an additional 8,000 miners by Might, growing the hash fee to 1.9 EH/s.

TeraWulf has a 50 megawatt (MW) share in section one of many new facility, a three way partnership with Cumulus Coin, however can add a further 50 MW of BTC mining capability in future phases.

In line with TeraWulf’s website, the Nautilus Cryptomine is predicted to achieve 300 MW when full and can be among the many largest mines in North America.

The Nautilus Cryptomine facility in Pennsylvania is solely nuclear powered. Supply: TeraWulf

First announced again in August, 2021, the Nautilus Cryptomine facility is the results of a partnership between TeraWulf’s nuclear mining facility subsidiary and energy era and infrastructure firm Talen Power Company. 

Part 1 of the three way partnership included the 180-MW “Nautilus Cryptomine” constructed on Talen’s digital infrastructure campus adjoining to its nuclear energy era station.

TeraWulf generates domestically produced BTC powered by nuclear, hydro, and photo voltaic power with a aim of using 100% zero-carbon power.

Associated: US legislators renew name for EPA investigation of crypto mining emissions information

Issues across the potential environmental impacts of BTC mining have ramped up in the previous few years with heated debates across the environmental and power impression surrounding the mining of crypto belongings. 

Final yr, New York signed a two-year moratorium banning any new fossil-fuel-powered Bitcoin miners from organising store throughout the state.

Whereas in October of 2022, Europe made strikes towards regulatory motion on crypto’s alleged environmental impression as effectively.

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