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 power wholly from the two.5 GW Susquehanna nuclear technology station in Pennsylvania.
The complete 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,” based on a press launch.
Paul Prager, chairman and CEO of TeraWulf, stated that “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 onsite and being introduced on-line every day.”
“The Nautilus nuclear-powered mining facility advantages from what’s arguably the bottom price energy within the sector, simply $0.02/kWh for a time period of 5 years,” Prager commented.
Mining marketing consultant and cofounder of Citadel 256, Magdalena Gronowska, beforehand described in an article for Bitcoin Journal how nuclear energy can revolutionize Bitcoin mining.
“Nuclear is a carbon free, dependable and low-cost power supply,” she advised the journal. “It is not excellent in that it emits nuclear waste, however each power supply has tradeoffs between environmental footprint, reliability and capital and working prices… We want a various mixture of power technology, to serve each baseload and peak load, as we transition to a low carbon financial system.”