TeraWulf, a Bitcoin mining company, has recently launched a nuclear-powered mining facility in Pennsylvania. This facility is now fully operational and runs solely on 100% nuclear energy with a hash rate capacity of 1.0 EH/s. TeraWulf is sourcing energy from the 2.5 GW Susquehanna nuclear generation station in Pennsylvania and has over 8,000 miners onboard.
The mining industry has long been under scrutiny for its energy consumption and environmental impact, with Bitcoin mining being particularly criticized. Although many mining companies have turned to renewable energy sources, TeraWulf is taking a different approach by using nuclear energy.
According to Paul Prager, the Chairman and CEO of TeraWulf, the Nautilus facility runs at the lowest cost of just $0.02/kWh for a term of five years. He also mentioned that approximately 16,000 of TeraWulf’s owned miners, representing 1.9 EH/s of self-mining capacity, are onsite and being brought online daily.
TeraWulf’s move to nuclear energy represents a significant shift in the Bitcoin mining industry, as it addresses concerns about energy consumption and environmental impact. With the launch of the Nautilus facility, TeraWulf has demonstrated its commitment to sustainability and its willingness to innovate in the Bitcoin mining industry.
