Terawulf, a bitcoin miner using nuclear power, releases update; benefiting from low electricity costs
In a recent statement, Terawulf announced its bitcoin mining update months after launching a first-of-its-kind nuclear - power ed Nautilus facility in the United States. Terawulf electricity costs advantage According to Terawulf, they actualized their goal of adding an extra 8,000 rigs to increase its capacity and currently accommodates 16,000 self-miners while running on 50 MW of power in a five-year agreement with the power generator. You might also like: Texas legislature passes new bitcoin mining laws At the same time, they delivered a gross margin of 63%. However, at the moment, they have a blended electricity cost of $0.028//kWh, pushing their gross margin to 77%. "Terawulf ( $WULF ) delivered a gross margin of 63% benefiting from their 5 year agreement, providing 50 MW and home to 16,000 self-miners, at the nuclear-powered Nautilus Cryptomine facility in Pennsylvania. The power cost at this, the first nuclear facility to power Bitcoin, is… https://t....
