Nuclear Power for BTC Mining
Mar 18, 2023
American mining company TeraWulf has announced the launch of a bitcoin mining platform powered 100% by a nuclear power plant.
A 200MW Nautilus facility is connected to the Susquehanna nuclear power plant in Pennsylvania, in partnership with Cumulus Coin.
According to the press release, this is the first bitcoin mining platform in the United States to be powered by 100% nuclear energy.
According to TeraWulf CEO Paul Prager, bitcoin mining on this site is profitable because the electricity rate is one of the lowest in the industry. Within five years, the company will pay only $0.02 per kWh.
TeraWulf’s share is 50 MW (25%), which it plans to fully utilize by May.
How do you like the idea of getting energy for mining from a nuclear power plant?
