Terawulf, a bitcoin miner, has announced that it has energized the first nuclear-powered bitcoin mining facility in the United States at the company’s Nautilus facility in Pennsylvania. According to the company, approximately 1 exahash per second (EH/s) or close to 8,000 application-specific integrated circuits (ASIC) bitcoin miners are now online, and another 8,000 mining rigs will be delivered shortly.
Nuclear Powered Bitcoin Mining — A Milestone for Carbon Free Bitcoin Mining
Terawulf announced on Monday that the first bak-meter bitcoin mining facility powered by nuclear power has been energized, with nearly 8,000 ASIC mining rigs now operating. The current 8,000 account for 1 EH/s of SHA256 hashpower, but Terawulf expects to deploy another 8,000 miners in the coming weeks to reach 1.9 EH/s by May. According to the company’s press release on the Nautilus energisation, Terawulf will receive a fixed electricity price of around USD 0.02 per kilowatt-hour (kWh) for the next five years.
The Nautilus facility is considered a milestone as it is the first bitcoin mining facility of its kind to receive carbon-free energy 24/7 from the 2.5 GW Susquehanna nuclear power plant in Pennsylvania. “With the recent activation of the Nautilus facility earlier this month, approximately 16,000 of Terawulf’s owned miners, representing 1.9 EH/s of self-mining capacity, are on site and brought online daily,” said Paul Prager, Chairman and CEO. of Terawulf, in a statement. “The Nautilus nuclear mining facility benefits from what is arguably the lowest cost power in the sector, just $0.02/kWh for a period of five years.”
While 2022 was tough on bitcoin mining, 2023 has been easier for bitcoin miners due to a significant increase in the price of bitcoin (BTC) since the end of last year. Additionally, several firms are expanding mining operations, with some locating to Pennsylvania. Seven days ago Mawson Infrastructure Group started a mining operation based in Pennsylvania after leaving Australia. In addition to the 50-MW Nautilus plant, Terawulf announced that it is expanding operations at the Lake Mariner plant in New York. This move will increase Lake Mariner operations from 60 MW to 110 MW.
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ASIC Mining Rigs , Bitcoin Mining , Blockchain Technology , Carbon Emissions , Carbon Free Energy , Clean Energy , Cryptocurrency Industry , Electricity Prices , Energy Consumption , Energy Production , Energy Storage , Energy Transition , Energy Efficient , Environment , Fixed Power Price , Green Mining , Lake Mariner , Low Cost Power , Mawson Infrastructure Group , Mining , mining , mining profitability , mining rigs , Nautilus Facility , new york , nuclear power , Paul Prager , Pennsylvania , power grid , renewable energy , bitcoin price increase , self-mining capacity , SHA256 hashpower , Susquehanna nuclear power plant , sustainability , Terawulf
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Jamie Redman
Jamie Redman is the news editor at Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
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