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First nuclear powered Bitcoin mining plant in USA deployed miners

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by COINS NEWS 94 Views

https://www.businesswire.com/news/home/20230420005756/en/TeraWulf-Announces-Full-Deployment-of-50-MW-at-the-Nautilus-Bitcoin-Mining-Facility-Ahead-of-Schedule

So this week Terrawulf officially announced that they have fully deployed their 50-MW stake in their cryptomining facility. They have recently become first nuclear powered BTC mining plant in USA (they're in Pennsylvania). They stated that their target is to deliver 5.5 EH/s (50,000 miners, 160 MW) across their two sites in next financial quarter this year. These guys basically secured a power agreement for next 5 years for 2 cents per kWh, and the US industrial average is 9 cents/kWh which sounds like a pretty sweet deal.

Also worth noting that Terrawulf is a publicly traded company that took a really big beating on stock market recently. Their stock is down over 95% in just last 1.5 years. Maybe this might resurrect it.

submitted by /u/mbdtf95
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