Pennsylvania has made headlines with the launch of the Nautilus Cryptomine, which has become the first Bitcoin mining farm in the United States to operate entirely on nuclear power.
This innovative project was spearheaded by TeraWulf, a company that has already deployed 8,000 mining devices with a combined capacity of 1 Eh/s.
In the coming weeks, TeraWulf plans to add an additional 8,000 devices to the farm, boosting its capacity to 1.9 Eh/s by May of this year. By the end of 2023, the company hopes to increase its power output to an impressive 5.5 Eh/s.
The Nautilus Cryptomine is connected to the Susquehanna Nuclear Power Plant in northeastern Pennsylvania, and it is maintained by Talen Energy, a Texas-based firm in which TeraWulf holds a 25% stake.
This collaboration has allowed the facility to enjoy a significant discount on its electricity tariffs, paying only $0.02 per kWh instead of the typical $0.09 per kWh charged to businesses in the state.
Interestingly, Cumulus Data, a subsidiary of Talen Energy, made history in January when it completed construction on the first data center in the United States.
However, not all mining companies have been so fortunate in their operations. In March of last year, the Committee for Environmental Protection in New York State passed a bill banning the mining of cryptocurrencies on the PoW algorithm for two years.
Additionally, the environmental organization Earthjustice has sued the New York City Community Services Commission for approving the use of the Fortistar power plant by the mining company Digihost International.
Despite these setbacks, the mayor of New York City, Eric Adams, remains optimistic about the future of the state’s economy.