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Following publicly traded miner Terawulf’s announcement that the firm’s Lake Mariner mining data center is up and running with 30 megawatt (MW) capacity, 11 days later, the company has revealed the operation of nearly 12,000 miners at its New York facility. Between the owned and hosted hash capacity at Lake Mariner, Terawulf has 1.3 exahashes per second (EH/s) of hashpower.
Bitcoin mining firm Terawulf (Nasdaq: WULF) has detailed that its recent mining deployments are on track to bolster the company’s year-end targets. Terawulf made headlines last year when it was reported that American actress and businesswoman Gwyneth Paltrow invested in the company. On September 9, Paul Prager, CEO of the bitcoin mining firm, announced that the company’s New York-based facility in Lake Mariner was operational and managing 1 EH/s of hashpower with 30 MW of capacity.
Terawulf’s Sept. 19 announcement says the publicly traded mining operation now “totals over 1.3 EH/si of operation at Lake Mariner.” The extra hashrate is thanks to the close to 12,000 bitcoin miners that have been deployed on the New York site. Terawulf’s announcement describes that approximately 3,000 Antminer S19 XP units stemmed from an agreement previously entered into with mining rig manufacturer Bitmain Technologies.
According to Terawulf, Lake Mariner has two buildings, and the first batch of Antminer S19 XPs has been installed in building one, which has a capacity of 50 MW. Build two is expected to add another 50 MW of capacity by the last quarter of 2022. Nazar Khan, co-founder and COO of Terawulf, explained that the company was called upon several times to respond to demand.
Bitcoin mining combined with demand response events has been an interesting development in recent times. In mid-July, bitcoin miners in Texas demonstrated a significant response effort on the ERCOT network. Bitcoin mining infrastructure provider Lancium signed an agreement in July to bolster a battery power demand response system, and the second largest US energy company, Duke Energy Corporation, is researching bitcoin mining used to demand response efforts.
“Along with Lake Mariner’s strong hash rate, the growth has been a corresponding increase in our online support capabilities,” Khan said in a statement Monday. During an extreme summer across energy markets, our Lake Mariner facility was called upon for nearly a dozen demand responses, highlighting our ability to provide immediate, precise support when the grid needs it most. And we continue to expand the suite of additional services that Lake Mariner can offer to the electric market.”
What do you think of Terawulf revealing that 12,000 miners are now operating in Lake Mariner? Let us know what you think about this topic in the comments section below.
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