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Pavel Kotov
U.S. bitcoin mining company TeraWulf is the first in the country to launch a 100% nuclear-powered mining farm. We are talking about the Nautilus Cryptomine facility in Pennsylvania – the farm has 8 thousand miners. The total capacity of this joint facility with Cumulus Coin is 200 MW.
Image Source: terawulf.com
TeraWulf’s share of the facility is still 50 MW – it will be fully utilized in May, and at the initial stage the company launched 8 thousand miners, giving a total performance of about 1 Ehash / s. TeraWulf will deploy 8,000 more units on Nautilus in the coming weeks to reach 1.9 Eh/s. In the future, the company is also going to increase its share in the facility by another 50 MW.
Nuclear-powered bitcoin mining is extremely profitable, as nuclear power offers one of the lowest electricity rates on the market, said TeraWulf CEO and Chairman Paul Prager. In the next five years, the cost of 1 kWh for the company will be only $0.02. The company has another one-man facility called Lake Mariner in New York City, which it owns, and will soon have a new case commissioned at that facility, bringing power consumption up to 110 MW. In total, TeraWulf will have 50,000 miners operating at the start of Q2, consuming 160 MW with a total throughput of 5.5 Eh/s.
