In March, TeraWulf started bringing machines online in its Nautilus facility in Pennsylvania, which is fully powered by nuclear energy. At the site, the miner has secured power agreement for 2 cents per kilowatt hour (kWh) of electricity for five years, which will bring its energy costs down to 3.5 cents across its two facilities. The Nautilus mine is a joint venture, of which TeraWulf owns 25% after downsizing its stake from a 50-50 split with a subsidiary of power producer Talen Energy.
Related posts
-
Bitcoin (BTC) Bulls Pin Hopes on Weaker Dollar to Extend Rally
The U.S. dollar is a global reserve and invoicing currency, playing a major role in international... -
Noones CEO Ray Youssef Blasts Bitcoin Fees: ‘We Have Failed the Global South’
Ray Youssef, the former Paxful CEO, has commented on the negative impact of high transaction fees... -
Bitcoin, Ether Coil as Crypto Traders in Limbo After Halving
CryptoX – Cryptocurrency Analysis and News Portal Investors are still gauging macroeconomic factors, one observer said....