A joint venture with Cumulus Coin, LLC. has brought Pennsylvania’s first nuclear-powered bitcoin mine online.
Terawulf announced that about half of its nuclear-powered Nautilus Cryptomine is now online. A joint venture with Cumulus Coin, LLC., the mining facility is powered entirely by his 2.5 GW Susquehanna nuclear power plant in Pennsylvania.
Full operations reach 50 MW and 1.9 EH/s, with Terawulf having the option to add 50 MW of Bitcoin mining capacity, which “we will deploy in a future phase.” press release.
“With the recent activation of the Nautilus facility earlier this month, approximately 16,000 miners owned by TeraWulf are onsite, demonstrating a self-mining capacity of 1.9 EH/s,” said Paul Prager, Chairman and CEO of TeraWulf. I will.”
“The Nautilus nuclear rig benefits from arguably the lowest cost electricity in the industry at just $0.02/kWh over five years,” commented Prager.
Magdalena Gronowska, a mining consultant and co-founder of Citadel 256, previously explained in a Bitcoin Magazine article how nuclear power could revolutionize Bitcoin mining.
“Nuclear power is a carbon-free, reliable, cheap energy source,” she told the magazine. There are trade-offs between environmental footprint, reliability, capital and operating costs: a low-carbon economy.”