A three way partnership with Cumulus Coin, LLC. has introduced the primary nuclear-powered Bitcoin mine on-line in Pennsylvania.
Terawulf has introduced roughly half of its nuclear-powered Nautilus Cryptomine has come on-line. The mining facility, a three way partnership with Cumulus Coin, LLC., derives its vitality wholly from the two.5 GW Susquehanna nuclear technology station in Pennsylvania.
The total operation will quantity to 50 MW and 1.9 EH/s, with an choice for Terawulf so as to add a further 50 MW of bitcoin mining capability, “which the Firm plans to deploy in future phases,” in line with a press release.
Paul Prager, chairman and CEO of TeraWulf, mentioned that “the current 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 onsite and being introduced on-line every day.”
“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,” Prager commented.
Mining guide and cofounder of Citadel 256, Magdalena Gronowska, beforehand described in an article for Bitcoin Magazine how nuclear energy can revolutionize Bitcoin mining.
“Nuclear is a carbon free, dependable and low-cost vitality supply,” she informed the journal. “It isn’t excellent in that it emits nuclear waste, however each vitality supply has tradeoffs between environmental footprint, reliability and capital and working prices… We want a various mixture of vitality technology, to serve each baseload and peak load, as we transition to a low carbon financial system.”
