Terawulf, a bitcoin mining operation, has introduced that it has energized the primary nuclear-powered bitcoin mining facility in the US on the firm’s Nautilus Facility in Pennsylvania. In accordance with the corporate, roughly 1 exahash per second (EH/s) or shut to eight,000 application-specific built-in circuit (ASIC) bitcoin miners are actually on-line, and one other 8,000 mining rigs shall be delivered shortly.
Nuclear-Powered Bitcoin Mining — A Milestone for Carbon-Free Bitcoin Mining
Terawulf introduced on Monday that the primary behind-the-meter bitcoin mining facility powered by nuclear power has been energized, with practically 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 within the coming weeks to succeed in 1.9 EH/s by Might. In accordance with the corporate’s press launch in regards to the Nautilus energization, Terawulf will obtain a set electrical energy price of round $0.02 per kilowatt-hour (kWh) for the following 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 power 24/7 from the two.5 GW Susquehanna nuclear plant in Pennsylvania. “With the latest energization of the Nautilus facility earlier this month, roughly 16,000 of Terawulf’s owned miners, representing 1.9 EH/s of self-mining capability, are on-site and being introduced on-line day by day,” mentioned Paul Prager, the chairman and CEO of Terawulf, in an announcement. “The Nautilus nuclear-powered mining facility advantages from what’s arguably the bottom value energy within the sector, simply $0.02/kWh for a time period of 5 years.”
Whereas 2022 was tough on bitcoin mining operations, 2023 has been simpler on bitcoin miners as a result of a big rise within the worth of bitcoin (BTC) for the reason that finish of final yr. Moreover, a number of corporations 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. Along with 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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