A First in the USA: Nuclear Powered Bitcoin Mining Facility Launched

Nautilus, the first 100% nuclear powered Bitcoin (BTC) mining facility in the USA, was launched under the leadership of mining giant TeraWulf (WULF).

Nautilus, the first nuclear-powered Bitcoin mining facility in the US, begins operations. in-house 8,000 mining devices approx. per second of the facility from the bar 1.0 exahash (EH/s) has processing power. In a statement made by the facility’s managing company, TeraWulf, to around 8,000 more machines in the coming weeks It will be energized and the capacity of the Nautilus facility will be increased until May. 1.9 EH/sIt was stated that it would be removed.

The Nautilus facility uses its energy in Pennsylvania. From the 2.5GW Susquehanna nuclear generating plant will provide. 50 megawatts of net mining capacity of the facility in the first quarter of 2023 to provide is aimed. Behind the counter (BTM) The facility, which will be supported by the system, will provide renewable power independent of the grid and thus have a safer operation.

The company also has until the second quarter of 2023. new Yorkits old facility in Pennsylvaniatotal processing power at its nuclear-powered facility opened in to 5.5 EH/s aims to remove.

Cost only 2 cents

This step taken by TeraWulf with nuclear energy will also have a positive impact on the company’s energy costs. Currently for the mining facility in New York 5.5-6 cents/kWh TeraWulf had the chance to reduce the average cost thanks to the nuclear energy agreement. company for five years an energy deal of 2 cents per kilowatt hour (kWh) signed a contract, which approximates the average energy cost at its two facilities. 4 cents/kWhIt will drop to .

TeraWulf has lost millions of dollars due to bad market conditions in 2022 and is one of its largest shareholders in order to close its debts. 10 million dollars of new capital had collected. In a statement made in December 2022, the company stated that it will implement 8,000 mining devices and increase its production capacity.