The world's first cryptocurrency farm powered by a nuclear reactor appears in Pennsylvania

TeraWulf was able to launch the world's first Bitcoin cryptocurrency mining farm that runs on nuclear power. It is called Nautilus Cryptomine and is located in Pennsylvania.

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The farm is a joint project between TeraWulf and Cumulus Coin. The facility has 8,000 Bitcoin mining units and a combined capacity of 200MW. TeraWulf's share is 50MW, but the company plans to double that in the future.

The 8,000 miners provide a total capacity of almost 1 EH/s. By the end of spring, the companies want to launch another 8,000 units. This will allow them to increase the farm's capacity to 1.9 EH/s.

The facility gets 100 per cent of its power from a nuclear power plant. TeraWulf's CEO said mining the Bitcoin cryptocurrency, which costs around $22,000, is profitable because of the low electricity tariff. Over five years, the cost per kWh will be 2 cents.

TeraWulf's assets are not limited to its stake in Nautilus Cryptomine. The company has a Lake Mariner facility in New York. The total capacity of all cryptocurrency mining devices is expected to reach 160 MW and 5.5 EH/s by early April.

Source: Business Wire