Nautilus Cryptomine is said to be the largest crypto mining hub in North America, with 23 Exahash per second of computing power set to be deployed by 2025. To get there, you need the equivalent of 800 megawatts of mining capacity. That’s why it was necessary for TeraWulf, the initiator of the project, to collaborate with Talen Energy, to extract energy from its nuclear power plant in Pennsylvania. Installation of the Nautilus crypto mining center is scheduled to begin in the third quarter of 2022.
What is Nautilus Cryptomine?
Nautilus Cryptomine is a project born from a partnership between TeraWulf and Talen Energy. If TeraWulf specializes in mining A clean, integrated bitcoin company, Talen Energy owns an operating nuclear power site called the Susquehanna Hyperscale Campus in Pennsylvania. This is where Talen established its new Cumulus branch (Cumulus Data and Cumulus Coin), which aims to establish a crypto mining nuclear power at the same site.
After a conclave, the barons of these two companies decided to create Nautilus Cryptomine LLC in March 2021. With the strengths of the site, up to 960 MW of bitcoin mining capacity, the “Nautilus” project will have a lot to do to run the machine. of crypto mining. all the way
Many take the liberty of ranking Nautilus Cryptomine among the largest and most efficient BTC mines in North America. In addition, the facility that Texas Pacific Land Corporation, Mawson Infrastructure Group and JAI Energy pass for ancillary. Not even Texas giant Riot Blockchain, with a fleet of 32,553 miners and a hash rate capacity of 3.4 exhashes per second, comes close.
Nautilus will easily supplant its rivals due to almost unlimited access to clean and inexhaustible electricity.
What happened to the project?
During the presentation of Nautilus Cryptomine, it was said that:
- phase 1 of the facility envisions 180MW bitcoin mining in Pennsylvania, based on a direct interconnection with Susquehanna;
- the installation of Nautilus Cryptomine will take place during the 3me quarter 2022;
- Together with Nautilus, Pennsylvania, TeraWulf will develop Lake Mariner, New York, bringing together 4,000 bitcoin miners.
Explanations from Paul Prager, CEO and PCA of TeraWulf:
« Our goal in 2022 is to continue construction of our facilities at Lake Mariner in New York and Nautilus Cryptomine in Pennsylvania, ensuring that we are well positioned to create as many connections as possible to take advantage of the increased infrastructure and supply chain constraints facing the market. . »
for the 4me quarter, TeraWulf forecasts a total of 210 MW and a fixed contractual hash rate range between 4.7 and 5.1 Eh/s.
In 2023, the company’s management intends to build a digital asset infrastructure of more than 400 MW. Therefore, it will be possible to achieve a hash rate of 12.1 to 17.2 Eh/s. It will ensure that the devices of mining new generation will integrate this facility.
However, a question arises among observers: if crypto mining centers like Nautilus Cryptomine proliferate, what will happen to decentralization? To meditate !
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