Bitcoin mining will help the Susquehanna Nuclear Power Plant in Pennsylvania balance energy supply and demand.
The state of Pennsylvania has built its first Bitcoin mining farm that will be powered by nuclear energy from the Susquehanna plant, which generates 2,5 gigawatts (GW) of power.
The Bitcoin mining farm, run by the companies Talen Energy Corporation and TeraWulf, has completed its first phase, according to Hugo Botto, creator of the Healthy Pockets channel.
Both energy producing companies joined forces in 2021 to create a new company called Nautilus Cryptomine, responsible for the development of the Bitcoin mining plant and from which between $350 and $400 million dollars were allocated to the construction of the first phase of these new facilities.
The opening of these crypto mining facilities has made the United States one of the first countries in the world to mine bitcoins using nuclear energy.
In its first phase, the Pennsylvania Bitcoin mining plant has an operating capacity of 180 megawatts (MW). When fully completed, the plant is expected to have an operating capacity of 300 MW.
Also, with the Susquehanna plant next to Lake Mariner Data's cryptocurrency facility located in upstate New York, The United States will be operating at least 2025 MW of carbon-free bitcoin mining power capacity by 800.
Bitcoin mining helps stabilize energy grids
Bitcoin is seen as the key to ensuring an abundant energy future. Proof of this is the launch of the first nuclear-powered Bitcoin mining farm in the state of Pennsylvania and in the United States.
The crypto mining farm allows energy producer Talen Energy Corporation, which operates the Susquehanna Nuclear Power Plant, to balance energy demand and production.
In addition to this, as highlighted by the president of Talen Energy Corporation, Alex Hernandez, through nuclear energy, the company is showing The path to a digital and lower carbon infrastructure future.
Nautilus Cryptomine is capable of mining new cryptocurrencies without carbon emissions, Hernandez said. On the other hand, the president of Talen Energy highlighted that the growing demand for Bitcoin and cryptocurrencies worldwide prioritizes the need to create clean energy alternatives, which allow mining cryptocurrencies without affecting the environment and which guarantee a reliable provenance. “Nautilus Cryptomine can provide a secure, compliant, carbon-free digital store of value to be held by investors in the world's largest financial institutions,” Hernandez said.
In addition to Talen Energy in the United States, other companies are using Bitcoin mining as an alternative to balance their electrical grids. Such is the case of the Tokyo Electric Power company, which is using its surplus energy to power data centers distributed throughout Japan for Bitcoin mining.
Continue reading: Tokyo Electric Power Company will mine Bitcoin with Japan's energy surplus
Main image from Documenting Bitcoin
