TeraWulf goes nuclear: 8,000 rigs spool up in Nautilus mining facility
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 March 6 statement, TeraWulf stated the Nautilus Cryptomine facility is its first “behind the meter” Bitcoin (BTC) mining facility, that means it makes use of vitality straight on the era web site with out touring by way of the grid.
It is official…
The primary nuclear-powered mining facility within the U.S. is hashing!!! $WULF https://t.co/tLndh2bKOz@BitcoinMagazine @BTCTN @keremkaradagcom @crypto @decryptmedia @benzingacrypto @BTC_Archive
— TeraWulf (@TeraWulfInc) March 6, 2023
The Nautilus Cryptomine straight sources carbon-free baseload energy from the two.5 gigawatt (GW) Susquehanna nuclear era station on web site.
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 almost 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 Could, rising 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 accordance with TeraWulf’s website, the Nautilus Cryptomine is anticipated to achieve 300 MW when full and will probably be among the many largest mines in North America.
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 vitality with a objective of using 100% zero-carbon vitality.
Associated: US legislators renew name for EPA investigation of crypto mining emissions knowledge
Considerations across the potential environmental impacts of BTC mining have ramped up in the previous few years with heated debates across the environmental and vitality influence surrounding the mining of crypto property.
Final 12 months, New York signed a two-year moratorium banning any new fossil-fuel-powered Bitcoin miners from organising store throughout the state.
Final October, Europe made strikes towards regulatory motion on crypto’s alleged environmental influence as properly.