United States-based Bitcoin mining firm TeraWulf has fired up a brand new crypto mining facility in Pennsylvania — solely working on nuclear energy generated on-site. 

In March 6 statement, TeraWulf mentioned the Nautilus Cryptomine facility is its first “behind the meter” Bitcoin (BTC) mining facility, that means it makes use of vitality immediately on the technology web site with out touring via the grid.

The Nautilus Cryptomine immediately sources carbon-free baseload energy from the two.5 gigawatt (GW) Susquehanna nuclear technology station on web site.

Paul Prager, chairman and CEO of TeraWulf, claims the Nautilus mining facility now has “arguably the bottom price energy within the sector, simply $0.02/kWh for a time period of 5 years.”

The corporate additionally revealed they’ve now introduced on-line practically 8,000 mining rigs representing computing energy, or hash fee, of 1.0 exahashes per second (EH/s), with plans for an additional 8,000 miners by Might, growing the hash fee to 1.9 EH/s.

TeraWulf has a 50 megawatt (MW) share in part one of many new facility, a three way partnership with Cumulus Coin, however can add an extra 50 MW of BTC mining capability in future phases.

In response to TeraWulf’s website, the Nautilus Cryptomine is predicted to achieve 300 MW when full and can be among the many largest mines in North America.

The Nautilus Cryptomine facility in Pennsylvania is solely nuclear powered. Supply: TeraWulf

First announced again in August 2021, the Nautilus Cryptomine facility is the results of a partnership between TeraWulf’s nuclear mining facility subsidiary and energy technology and infrastructure firm Talen Vitality Company. 

Section 1 of the three way partnership included the 180-MW “Nautilus Cryptomine” constructed on Talen’s digital infrastructure campus adjoining to its nuclear energy technology station.

TeraWulf generates domestically produced BTC powered by nuclear, hydro, and photo voltaic vitality with a objective of using 100% zero-carbon vitality.

Associated: US legislators renew call for EPA investigation of crypto mining emissions data

Issues across the potential environmental impacts of BTC mining have ramped up in the previous couple of years with heated debates across the environmental and vitality affect surrounding the mining of crypto property. 

Final yr, New York signed a two-year moratorium banning any new fossil-fuel-powered Bitcoin miners from establishing store inside the state.

Final October, Europe made moves toward regulatory action on crypto’s alleged environmental affect as nicely.