March 21, 2023

Pennsylvania Welcomes First Nuclear-Powered Bitcoin Mine

Pennsylvania has become home to the first nuclear-powered Bitcoin mine, thanks to a joint venture between Terawulf and Cumulus Coin, LLC. The Nautilus Cryptomine has come online, with roughly half of the mining facility now operational. The energy for the facility is derived entirely from the 2.5 GW Susquehanna nuclear generation station in Pennsylvania.

The full operation will amount to 50 MW and 1.9 EH/s, with an option for Terawulf to add an additional 50 MW of bitcoin mining capacity in future phases. Paul Prager, chairman and CEO of TeraWulf, said that “the recent energization of the Nautilus facility earlier this month, approximately 16,000 of TeraWulf’s owned miners, representing 1.9 EH/s of self-mining capacity, are onsite and being brought online daily.”

The Nautilus nuclear-powered mine is expected to be a game-changer for the Bitcoin mining industry, as it will provide a reliable and sustainable source of energy for the mining process. The use of nuclear power will also reduce the carbon footprint of Bitcoin mining, which has been a major concern for environmentalists.

The project has been welcomed by the local community, as it is expected to create jobs and boost the local economy. The Pennsylvania government has also expressed its support for the project, as it will help to promote the use of clean energy and reduce the state’s dependence on fossil fuels.

The launch of the Nautilus nuclear-powered mine is a significant milestone for the Bitcoin mining industry, and it is expected to pave the way for more sustainable and environmentally-friendly mining practices in the future.

Leave a Reply

Your email address will not be published. Required fields are marked *