Mining starts at nuclear power plant in the USA
- March 8, 2023
- 0
American mining company TeraWulf has announced the opening of a Bitcoin mining site that derives 100% of its energy from a nuclear power plant. In partnership with Cumulus
American mining company TeraWulf has announced the opening of a Bitcoin mining site that derives 100% of its energy from a nuclear power plant. In partnership with Cumulus Coin, the 200 MW Nautilus facility is affiliated with Susquehanna NPP in Pennsylvania. The press release states that it is the first 100% nuclear powered bitcoin mining site in the US.
TeraWulf’s share in the plant is 50 MW (25%) and plans to use it fully by May. The company has already connected about 8,000 miners to the network, which corresponds to a hash rate of about 1 EH/s. It plans to deploy the same number of devices in the coming weeks and increase the hash rate to 1.9 EH/s. In addition, TeraWulf plans to increase its capacity on Nautilus by another 50 MW.
According to TeraWulf CEO Paul Prager, Bitcoin mining on this platform is profitable because the electricity tariff is one of the lowest in the industry. For five years, the company will pay only $0.02 per kWh.
TeraWulf, which includes another Lake Mariner facility in New York, expects to reach 50,000 mining rigs by the start of the second quarter with a total hash rate of 5.5 EH/s and 160 MW of power.
Source: Port Altele
As an experienced journalist and author, Mary has been reporting on the latest news and trends for over 5 years. With a passion for uncovering the stories behind the headlines, Mary has earned a reputation as a trusted voice in the world of journalism. Her writing style is insightful, engaging and thought-provoking, as she takes a deep dive into the most pressing issues of our time.
