Bitcoin has forever been under scrutiny for its proof-of-work consensus. The BTC mining process was considered to be an energy-consuming process, which was even debated as being harmful to the environment. It was also said to have a negative impact on energy resources.
Even though several Bitcoin mining firms have turned to various renewable sources of energy, like hydropower and solar, the mining industry is still looked down upon. Now, according to the details from the recent press release, TeraWulf announces the launch of a 100% nuclear-powered Bitcoin mining facility in the US.
Also read: Amazon is Reportedly Planning to Launch its NFT Marketplace Next Month
Pennsylvania is home to first behind-the-meter BTC mining facility powered by nuclear energy
Owner and operator of domestic Bitcoin mining facilities powered by 91% zero-carbon energy, TeraWulf, has recently announced the energization of the Nautilus facility. This facility is now fully operating on 100% nuclear energy with a hash rate capacity of 1.0 EH/s. The mining firm is sourcing energy from the 2.5 GW Susquehanna nuclear generation station in Pennsylvania and has over 8,000 miners onboard.
Also read: Bybit Collaborates With Mastercard to Launch Crypto Debit Card
“With 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,” said Paul Prager, Chairman and CEO of TeraWulf.
Also read: Kraken’s CLO Speaks About Plans to Launch its Own Bank
Prager also mentioned that the Nautilus facility now runs at the lowest cost of just $0.02/kWh for a term of five years.