Digital Assets: Zero-Carbon Bitcoin Miner TeraWulf Deploys 50MW Nuclear Power At Nautilus Cryptomine
This is the first nuclear-powered bitcoin mining facility in the U.S.
TeraWulf Inc., a Bitcoin mining company, has announced the full deployment of its 50 MW stake in the Nautilus Cryptomine facility (pictured) ahead of schedule. The Nautilus facility is the first behind-the-meter Bitcoin mining facility in the United States powered by 100% nuclear power, sourced from the 2.5 GW Susquehanna nuclear generation station in Pennsylvania. TeraWulf successfully deployed its 50 MW stake in phase one of the facility, totaling 1.9 EH/s (exahashes per second), reflecting a nearly 100% increase in operational hashrate year to date. The company has the option to add an additional 50 MW of mining capacity in future phases.
With the 50 MW stake in Nautilus fully ramped up, TeraWulf currently has an operational fleet of approximately 34,500 miners, with 18,500 miners at its wholly owned Lake Mariner facility in New York and 16,000 self-miners at the nuclear-powered Nautilus facility in Pennsylvania. The company is still aiming to achieve a total operational capacity of 5.5 EH/s (50,000 miners, 160 MW) across its two facilities in Q2 2023, which will require around 160 MW of power. (Businesswire)
Paul Prager, Chairman and CEO of TeraWulf, stated that deploying 50 MW of mining capacity at the Nautilus facility is an important milestone for the company as it represents the first nuclear-powered Bitcoin mining facility in the U.S.
He also noted that TeraWulf has the opportunity to realize the economic advantage of zero-carbon mining at a low contracted power cost of just $0.02 per kilowatt hour for a term of five years, which is one of the lowest in the sector.
TeraWulf’s commitment to environmental, social, and governance (ESG) principles is directly linked to its business success, as it seeks to produce Bitcoin using 100% zero-carbon energy from domestic nuclear, hydro, and solar sources.
The company’s commitment to utilizing renewable energy sources and achieving operational milestones ahead of schedule positions it as a leading player in the Bitcoin mining industry with a focus on sustainability.
Related Story: Stronghold Digital Uses Energy From Coal Waste To Mine Bitcoin
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