United States-based Bitcoin mining firm TeraWulf has fired up a brand new crypto mining facility in Pennsylvania — solely operating on nuclear energy generated on-site.
In Mar. 6 assertion, TeraWulf mentioned the Nautilus Cryptomine facility is its first “behind the meter” Bitcoin (BTC) mining facility, which refers to utilizing vitality immediately on the era website with out touring via the grid.
It is official…
The primary nuclear-powered mining facility within the U.S. is hashing!!! $WULF https://t.co/tLndh2bKOz@BitcoinMagazine @BTCTN @keremkaradagcom @crypto @decryptmedia @benzingacrypto @BTC_Archive— TeraWulf (@TeraWulfInc) March 6, 2023
The Nautilus Cryptomine immediately sources carbon-free baseload energy from the two.5 gigawatt (GW) Susquehanna nuclear era station on website.
Paul Prager, Chairman and CEO of TeraWulf claims the Nautilus mining facility now has “arguably the bottom value energy within the sector, simply $0.02/kWh for a time period of 5 years.”
The corporate additionally revealed they’ve now introduced on-line almost 8,000 mining rigs representing computing energy, or hash fee, of 1.0 exahashes per second (EH/s), with plans to a different 8,000 miners by Might, growing the hash fee to 1.9 EH/s.
TeraWulf has a 50 megawatt (MW) share in section one of many new facility, a three way partnership with Cumulus Coin, however can add an extra 50 MW of BTC mining capability in future phases.
In line with TeraWulf’s web site, the Nautilus Cryptomine is predicted to achieve 300 MW when full and will probably be among the many largest mines in North America.
First introduced again in August, 2021, the Nautilus Cryptomine facility is the results of a partnership between TeraWulf’s nuclear mining facility subsidiary and energy era and infrastructure firm Talen Power Company.
Section 1 of the three way partnership included the 180-MW “Nautilus Cryptomine” constructed on Talen’s digital infrastructure campus adjoining to its nuclear energy era station.
TeraWulf generates domestically produced BTC powered by nuclear, hydro, and photo voltaic vitality with a purpose of using 100% zero-carbon vitality.
Associated: US legislators renew name for EPA investigation of crypto mining emissions knowledge
Issues across the potential environmental impacts of BTC mining have ramped up in the previous couple of years with heated debates across the environmental and vitality impression surrounding the mining of crypto property.
Final yr, New York signed a two-year moratorium banning any new fossil-fuel-powered Bitcoin miners from organising store throughout the state.
Whereas in October of 2022, Europe moved towards regulatory motion on crypto’s alleged environmental impression as effectively.
