Terawulf Launches Nuclear-powered Bitcoin Mining Operation

According to Terawulf, around half of the nuclear-powered Nautilus Cryptomine is now operational. The 2.5 GW Susquehanna nuclear generation station in Pennsylvania provides all of the energy for the mining facility, which is a joint venture with Cumulus Coin, LLC.

The total operation will be 50 MW and 1.9 EH/s, with the option for Terawulf to add an additional 50 MW of Bitcoin mining capacity that can be deployed in later phases.

Chairman and CEO of TeraWulf Paul Prager stated 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.”

Prager added that the Nautilus nuclear-powered mining plant receives power for what is arguably the lowest price in the industry, $0.02/kWh for a five-year period.

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Deniz Saat

Deniz Saat is an IT services specialist, technical writer and editor for BTC Times. His mission is to onboard as many people as possible into the Bitcoin overlay through education and content creation.