First nuclear-powered mining farm launched in the US

The American company TeraWulf has launched the Nautilus Cryptomine bitcoin mining farm in Pennsylvania. It is interesting that the «enterprise» is powered entirely by nuclear energy.

The facility currently employs 8000 ASICs with a total capacity of 1 EH/s. In the coming weeks, the company expects to connect another 8000 units. This will allow TeraWulf to bring Nautilus Cryptomine to a total capacity of 1.9 EH/s by the end of May. At the end of the second quarter of 2023, the company plans to reach 5.5 EH/s.

Nautilus Cryptomine is powered by the 2.5 GW Susquehanna NPP. The plant is operated by Talen Energy, a Texas-based company in which TeraWulf holds a 25% stake. Thanks to this, the miner received a significant discount on electricity.

While the average business in Pennsylvania pays $ 0.09 per kWh, TeraWulf pays $ 0.02 per kWh. The term of the discounted agreement is 5 years. At the same time, Nautilus Cryptomine does not actually violate green legislation, as it has no carbon footprint.

The company also owns another facility, Lake Mariner in New York. This mining facility did not fall under the autumn moratorium on cryptocurrency mining, as it was opened before the relevant resolution was passed.

As a reminder, according to a report by the Forex Suggest exchange and education platform, bitcoin was the cryptocurrency whose mining had the worst environmental impact last year. Experts estimate that mining one BTC emitted almost a ton of carbon dioxide into the atmosphere. In total, bitcoin mining produced about 86.3 million tons of CO2 in 2022.