Terawulf Energizes 50 MW at Nuclear-Powered Bitcoin Mining Facility Nautilus

Bitcoin mining institution Terawulf has announced the afloat deployment of its 50-megawatt (MW) involvement successful the nuclear-powered Nautilus Cryptomine facility. The behind-the-meter bitcoin mining installation is powered by 100% atomic powerfulness and benefits from a fixed powerfulness outgo of $0.02 per kilowatt-hour (kWh), according to the company.

Terawulf Fires up 50 MW Zero-Carbon Bitcoin Mining; Aims to Reach 5.5 EH/s of Capacity by Q2 2023

Just implicit 45 days ago, the bitcoin mining steadfast Terawulf announced it had energized the Nautilus Cryptomine facility, a carbon-free information halfway with 24/7 baseload powerfulness stemming from the Susquehanna atomic procreation presumption successful Pennsylvania. On April 20, 2023, the institution revealed it has successfully deployed 50 MW oregon 1.9 exahash per 2nd (EH/s) of hashrate. Terawulf is collaborating with Cumulus Coin, LLC, arsenic the Nautilus Cryptomine is referred to arsenic a “joint venture” betwixt the 2 companies.

Terawulf has the enactment to adhd different 50 MW, and it plans to bash truthful successful “future phases,” the firm’s property connection explains. The institution presently has 4 EH/s of hashpower with its 34,500 bitcoin mining devices. Eighteen 1000 5 100 machines are located astatine the firm’s tract successful Lake Mariner, New York, and 16,000 application-specific integrated circuit (ASIC) miners reside astatine the Nautilus facility. Besides the atomic powerfulness from the Pennsylvania facility, Terawulf details that its bitcoin mining accumulation besides leverages hydro and star astatine its different locations.

“Our squad has been moving swiftly and diligently to execute our stated extremity of reaching 5.5 EH/s of operational mining capableness successful Q2 2023,” Paul Prager, the president and CEO of Terawulf stated connected Thursday. “Deploying 50 MW of mining capableness astatine the Nautilus installation is an important milestone for the Company. Not lone does it correspond the archetypal nuclear-powered bitcoin mining installation successful the U.S., but Terawulf present has the accidental to recognize the economical vantage of 50 MW of zero-carbon mining astatine what is arguably the lowest contracted powerfulness outgo successful the assemblage – conscionable $0.02/kWh for a word of 5 years.”

Terawulf energizing its 50-megawatt Nautilus involvement comes astatine a clip erstwhile bitcoin prices person dropped beneath the $29K per portion zone, down 5.7% implicit the past 7 days. The driblet has made it truthful BTC’s mean mining costs are higher than the existent spot marketplace value, according to macromicro.me statistics. BTC miners are besides contending with the web trouble ramping up to 48.71 trillion connected April 20 astatine artifact tallness 786,240. In little than 2 months, the network’s trouble has risen much than 22% higher, putting yet different strain connected mining operations.

What bash you deliberation astir the imaginable advantages of nuclear-powered bitcoin mining? Share your thoughts successful the comments conception below.