U.S. miner TeraWulf has begun mining bitcoins from Nautilus Cryptomine, its infrastructure connected to the Susquehanna nuclear power plant.
Indeed, the Bitcoin mining farm consisting of 8,000 crypto mining machines for now, or a hash rate capacity of about 1.0 EH/s, will be able to take advantage of electricity generated by the 2.5 GW Susquehanna nuclear power plant in Pennsylvania.
Nautilus Cryptomine was created in partnership with Talen Energy Corporation through the Cumulus Coin joint venture. According to TeraWulf, it is the first “behind-the-meter, 100% nuclear-powered” bitcoin mine in the United States.
The publicly traded miner said it expects to plug in another 8,000 or so ASICs over the next few weeks, bringing the total number of machines hosted in the infrastructure to 16,000 for an estimated mining capacity of 1.9 EH/s.
The Nautilus Cryptomine facility will pay only $0.02 per kilowatt hour for its electricity for five years, the company release said.
We look forward to continuing to work alongside Cumulus Coin as the Nautilus facility ramps up its operational hash rate in the coming weeks,” commented Paul Prager, CEO of TeraWulf.
Specializing in Bitcoin mining, TeraWulf also reports that it is currently expanding Bitcoin mining operations at its Lake Mariner facility in New York, with the addition of an additional building that will increase the facility’s operational capacity from 60 MW to 110 MW.