On March 18th, green bitcoin miner TeraWulf announced today the progress of its mining business and digital asset infrastructure construction.
TeraWulf says it is developing two fully integrated environmentally clean bitcoin mining facilities, Lake Mariner in New York and Nautilus Cryptomine in Pennsylvania, with the goal of deploying 800 megawatts of mining capacity by 2025, achieving more than 23 megawatts per second. The expected hashrate of exahash.
The company announced that the Lake Marine facility will begin mining operations on March 4, 2022, utilizing more than 90 percent zero-carbon energy, and TeraWulf currently expects to have 4,000 bitcoin miners operating at the facility by the end of April.
The company expects to begin mining at the Nautilus facility in the third quarter of 2022, and once completed, 150 megawatts of mining capacity will be provided by TeraWulf.
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