Bitcoin mining: TeraWulf launches Nautilus Cryptomine connected to a nuclear power plant

TeraWulf, a Bitcoin mining connected to a nuclear power plant?

·07/03/2023
·Laeti Marison (SatoshiBelle)

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.

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Article written by: Laeti Marison (SatoshiBelle)

Laeti Marison, also known as SatoshiBelle, is a multifaceted professional with a passion for community management, content creation, and digital marketing. With a diverse background in various roles, Laeti has consistently demonstrated her expertise and dedication in the field. Recognizing her potential, Laeti then took on the responsibilities of a Project and Community Manager at Magna Numeris and Cartam from November 2018 to March 2021. In this role, she showcased her ability to successfully lead projects and foster strong relationships within the community. Currently, Laeti serves as an SEO content writer, Digital Marketing Manager, and co-founder at Trendingcrypto.news magazine, starting from February 2022 till now. Through her expertise in digital marketing and her passion for the crypto industry, she has contributed to the success of the magazine, ensuring its content remains relevant, engaging, and informative.