Terawulf has announced the full deployment of its 50-megawatt (MW) stake in the nuclear-powered Nautilus bitcoin mining facility.
The behind-the-meter bitcoin mining facility is powered by 100% nuclear power and benefits from a fixed power cost of $0.02 per kilowatt-hour , according to the company.Just over 45 days ago, the bitcoin mining firm Terawulfit had energized the Nautilus Cryptomine facility, a carbon-free data center with 24/7 baseload power stemming from the Susquehanna nuclear generation station in Pennsylvania. On April 20, 2023, the company revealed it has successfully deployed 50 MW or 1.
“Our team has been working swiftly and diligently to achieve our stated goal of reaching 5.5 EH/s of operational mining capacity in Q2 2023,” Paul Prager, the chairman and CEO of Terawulf stated on Thursday. “Deploying 50 MW of mining capacity at the Nautilus facility is an important milestone for the Company. Not only does it represent the first nuclear-powered bitcoin mining facility in the U.S.
Terawulf energizing its 50-megawatt Nautilus stake comes at a time when bitcoin prices have dropped below the $29K per unit zone, down 5.7% over the last seven days. The drop has made it so
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