Bitcoin Mining Facility Goes 100% Nuclear In Pennsylvania
Bitcoin mining company TeraWulf has announced the launch of a 100% nuclear-powered Bitcoin mining facility in the US. The company has energized the Nautilus facility, which is now fully operating on 100% nuclear energy with a hash rate capacity of 1.0 EH/s. The mining firm is sourcing energy from the 2.5 GW Susquehanna nuclear generation station in Pennsylvania and has over 8,000 miners onboard.
JUST IN: 🇺🇸 100% nuclear-powered #Bitcoin mining facility launches in Pennsylvania.
— Watcher.Guru (@WatcherGuru) March 6, 2023
100% Nuclear-powered Bitcoin Mining Facility
TeraWulf is the owner and operator of domestic Bitcoin mining facilities powered by 91% zero-carbon energy, and with the Nautilus facility’s launch, the company aims to further reduce its carbon footprint. Chairman and CEO of TeraWulf, Paul Prager, said that with the recent energization of the Nautilus facility, approximately 16,000 of TeraWulf’s owned miners, representing 1.9 EH/s of self-mining capacity, are onsite and being brought online daily.
Prager also mentioned that the Nautilus facility now runs at the lowest cost of just $0.02/kWh for a term of five years. The launch of this facility could help the company’s profitability, as the mining industry is known for its high energy consumption and cost.
Game-changing Eco-Friendly Mining
Bitcoin has long been under scrutiny for its proof-of-work consensus, which was considered to be an energy-consuming process, leading to a negative impact on energy resources and the environment. While several Bitcoin mining firms have turned to various renewable sources of energy, like hydropower and solar, the mining industry is still looked down upon.
With the launch of the Nautilus facility, TeraWulf hopes to change this perception and set an example for other Bitcoin mining companies to follow. The company’s decision to use nuclear energy for Bitcoin mining could open up new possibilities for the industry, especially as nuclear energy is known for its reliability and efficiency.
