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First Nuclear-Powered Bitcoin Mining Facility to Open in the United States in Q1 of this year

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First Nuclear-Powered Bitcoin Mining Facility to Open in the United States in Q1 of this year



With the rise in acceptance, use, and involvement of digital assets in the larger economy, the cryptocurrency industry stands to gain significantly from positioning bitcoin mining with carbon-free sources, such as nuclear energy. 

According to World Nuclear News, installation on the first building of Cumulus Data's nuclear-powered Susquehanna data center site in Pennsylvania is now complete. Cumulus Data is a subsidiary of independent power producer Talen Energy and a manufacturer of zero-carbon data centers.

According to Cumulus Data, when the 1,200-acre facility starts hosting cloud computing and bitcoin mining operations in the first quarter of 2023, it will be the first of its kind in the United States.

Bitcoin Mining Goes Nuclear

The 48 megawatt, 300,000 square foot powered shell of the data center is constructed, and several fiber routes are in use. The 2.5 gigawatt Susquehanna nuclear power station, which is directly connected to the data center, provides the energy. 

For the bitcoin mining industry, nuclear power has the potential to be a substantial source of electricity.

Nuclear reactors will aid in sustaining the cryptocurrency ecosystem, encouraging its growth, and quickening the mainstream adoption of bitcoin assets by supplying steady, carbon-free electricity.

On Monday, as some U.S.-based mining companies began operations after being shut down by snow cyclones, the difficulty of mining bitcoin increased 10.26% to a new all-time high of 37.59 trillion. 

Mining cryptocurrencies uses a lot of electricity on a global scale. It uses 77.78 TWh of energy, which is comparable to Chile's energy needs, said one analyst. 

The decarbonization of the industry, which environmental campaigners have long pushed for, can be aided by using the excess energy from nuclear power plants that can't use all of their electricity to mine cryptocurrencies.

Bitcoin Mining Center Ready To Accept Tenants

The flagship Susquehanna data center facility will accept its first subscriber and start conducting business this year, according to Cumulus Data CEO Alex Hernandez. 

Hernandez stated, "We look forward to moving toward our objective of resolving the energy 'trilemma,' which we define as the fast rising consumer demand for zero-carbon, affordable, and dependable electricity by data center customers.

The Nautilus Cryptomine will be built there thanks to a partnership between Talen Energy and American bitcoin mining startup TeraWulf announced in 2021. 

In a recent update, TeraWulf said it was only beginning the mining process and expected the cryptomine to provide 50 megawatts of total mining output to TeraWulf in the first quarter of this year.

The connection between a cryptocurrency data center and a nuclear power plant might seem odd, but for businesses with large data center infrastructure, CO2 emissions and rising electricity costs are now very crucial factors to take into account. 

Energy from nuclear power plants is reliable and carbon-free.

Bitcoin mining and nuclear power: a perfect match

The combination of excess electricity and electricity produced carbon-free, nuclearly, enables the distinct value offer for both industries. 

Nuclear power plants will not only create a new source of income by mining cryptocurrencies, but they will also help decarbonize a sector and make bitcoin more appealing to a big group of institutional investors with aspirations in the areas of the environment, society, and governance.

Director of cloud and data center research at Omdia, Vladimir Galabov, said: 

Nuclear energy has a role in helping data centers reduce their greenhouse gas emissions.

Article Credit: Bitcoinist

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