Bitcoin Mining Firm TeraWulf Utilizes Nuclear Energy in Pennsylvania

• The plant with a hash rate capable of 1.0 EH/s, is currently running on 100% nuclear energy. 
• Almost 8,000 miners are employed by the mining company.

Bitcoin’s proof-of-work consensus mechanism has been the subject of criticism for years. It was said that the BTC mining process was hazardous to the environment since it required a lot of energy. Others have also speculated that it might have an adverse effect on the availability of various forms of energy.

Furthermore, the mining sector is still looked poorly upon, despite the fact that numerous Bitcoin mining enterprises have switched to alternative sources of energy, such as hydropower and solar. The latest news release reveals that TeraWulf has begun operating a Bitcoin mining operation in the United States that is fueled entirely by nuclear energy.

Running on 100% Nuclear Energy

Recently, TeraWulf, owner, and operator of domestic Bitcoin mining facilities powered by 91% zero-carbon energy revealed that the Nautilus plant has been energized. This plant, with a hash rate capable of 1.0 EH/s, is currently running on 100% nuclear energy. Almost 8,000 miners are employed by the mining company, which draws its power from the Susquehanna nuclear power plant in Pennsylvania, which has a capacity of 2.5 GW.

TeraWulf’s CEO and Board Chairman Paul Prager said:

“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.” 

Prager further noted that the Nautilus facility’s current operating cost of only $0.02/kWh for a duration of five years is the lowest ever recorded. Moreover, according to CMC, the price of a Bitcoin is $22,525 as of this writing.