The company announced that thanks to the devices, hash rate will increase by 58% to 7.9 EH/s by the end of the year. The new machines will be installed at Lake Mariner, New York, where a third farm is currently under construction.
Chinese mining equipment maker Bitmain is offering TeraWulf Antminer S19j XP machines, which have a bitcoin-mining hash rate of 151 TG/s each. The combined hash rate of 18500 machines will be 2.8 Eh/c.
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“At TeraWulf, we still believe that not all hashes are created equal. Our planned expansion with S19j XPs will further establish TeraWulf as one of the most efficient mining fleets in the country,” says TeraWulf co-founder and COO Nazar Khan.
TeraWulf has already paid a deposit for the new machines, and they will be delivered in equal batches over the next few months. The company plans to file a report with the Securities and Exchange Commission (SEC) on the outcome of the agreement with Bitmain.
TeraWulf has launched the first U.S. bitcoin mining farm in Pennsylvania that runs entirely on nuclear power. The farm is connected to the Susquehanna nuclear power plant in northeastern Pennsylvania. Nautilus Cryptomine is serviced by Texas-based Talen Energy, in which TeraWulf holds a 25% stake.
TeraWulf is considered one of the most promising mining companies in the world.