- The Farm is 100% nuclear-powered and leaves no carbon footprint
- By May, the hashrate of this object will be 1.9 EH / s
Last week, TeraWulf launched a facility in Pennsylvania called the Nautilus Cryptomine. This is the first bitcoin mining “farm” in history that runs entirely on nuclear power.
Currently, the facility has 8,000 ASICs with a total throughput of 1 EH/s. In the coming weeks, the company expects to connect the same number of installations.
This will allow TeraWulf to bring the Nautilus Cryptomine to a total capacity of 1.9 EH/s by May. At the same time, by the beginning of the second quarter of this year, the company plans to reach the level of 5.5 EH / s.
The Nautilus Cryptomine is powered by the 2.5 GW Susquehanna Nuclear Power Plant. The facility is serviced by Texas-based Talen Energy, in which TeraWulf owns a 25% stake.
Thanks to this, the miner received a significant discount on the electricity tariff. If the average business in Pennsylvania pays $0.09 per kWh, then TeraWulf pays $0.02 per kWh. The term of this agreement is 5 years.
This will reduce the total cost of the miner for electricity for two objects to $0.04 per kWh. At the same time, Nautilus Cryptomine does not actually violate the “green” legislation, since it does not have a carbon footprint.
The company also owns another mining facility, Lake Mariner in New York. This “farm” did not fall under the moratorium, since it was opened before the relevant resolution was adopted.
TeraWulf intends to expand production here as well. Now the company leads construction of a second building on the territory of the facility, which will significantly expand the production base.