United States-based bitcoin mining firm TeraWulf has launched a brand new crypto mining facility in Pennsylvania — powered completely by domestically generated nuclear energy.
In an announcement on March 6, TeraWulf stated the Nautilus Cryptomine facility is its first Bitcoin (BTC) mining facility “behind the meter,” that means it consumes vitality straight on the level of technology with out flowing via the grid.
It’s official…
The primary nuclear powered mining facility within the USA hashes!!! $WULF https://t.co/tLndh2bKOz@BitcoinMagazine @BTCTN @keremkaradagcom @crypto @decryptmedia @benzingacrypto @BTC_Archive
— TeraWulf (@TeraWulfInc) March 6, 2023
The Nautilus Cryptomine attracts base-load, carbon-free energy straight from the on-site 2.5 gigawatt (GW) Susquehanna Nuclear Energy Plant.
Paul Prager, Chairman and CEO of TeraWulf, claims that the Nautilus mine facility now has “arguably the bottom value vitality within the business, simply $0.02/kWh for 5 years.”
The corporate additionally introduced that it has now introduced nearly 8,000 mining rigs on-line representing a processing energy or hash price of 1.0 exahashes per second (EH/s), with plans for a further 8,000 miners by Could, bringing the Hash price is elevated to 1.9 EH/s.
TeraWulf has a 50 megawatt (MW) stake within the first part of the brand new facility, a three way partnership with Cumulus Coin, however might add a further 50 MW of BTC mining capability in future phases.
In keeping with TeraWulf’s website, the Nautilus Cryptomine is anticipated to succeed in 300 MW upon completion and might be among the many largest mines in North America.
The Nautilus Cryptomine facility in Pennsylvania runs completely on nuclear energy. Supply: TeraWulf
The Nautilus Cryptomine facility, first introduced in August 2021, is the results of a partnership between TeraWulf’s nuclear mining belongings subsidiary and energy technology and infrastructure firm Talen Vitality 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 plant.
TeraWulf creates domestically produced BTC powered by nuclear, hydro and solar energy with the purpose of utilizing 100% carbon-free vitality.
Associated: US Lawmakers Renew Name for EPA Investigation of Crypto Mining Emissions Information
Issues concerning the potential environmental influence of BTC mining have elevated lately, with heated debates over the environmental and vitality impacts related to mining crypto belongings.
Final 12 months, New York signed a two-year moratorium banning all new fossil-fuelled bitcoin miners from settling throughout the state.
Final October, Europe additionally took steps in direction of regulatory motion on the alleged environmental influence of crypto.