A nuclear-powered Bitcoin mine is being built in the US
Cumulus Data completes installation of nuclear-powered Bitcoin mining data center in Pennsylvania
According to reports from World Nuclear News, a subsidiary of energy producer Talen Energy - Cumulus Data has completed the installation of the first building of its data center in Pennsylvania. This complex is expected to start hosting Bitcoin mining services as well as cloud computing in the first quarter of this year. The data center is powered by a direct connection to the nuclear power plant.
A nuclear-powered Bitcoin mine is being built in the US
Due to the growing popularity of digital assets, more and more companies are getting involved in this industry. Recently, a subsidiary of energy producer Talen Energy completed the installation of the first building of its data center in Susquehanna, Pennsylvania.
As reported by World Nuclear News, Cumulus Data claims that the 1,200-acre complex built by the aforementioned company will be the first of its kind in the United States to host Bitcoin mining and cloud computing services using nuclear energy. This is to take place in the first quarter of 2023.
The data center is powered by a direct connection to a 2.5 gigawatt nuclear power plant. According to experts, it has the potential to become a significant resource for the cryptocurrency industry.
BTC adoption support
According to experts, access to emission-free electricity through nuclear reactors will translate into greater adoption of cryptocurrencies like Bitcoin. This year, Cumulus Data CEO Alex Hernandez said that the Susquehanna data center will receive its first subscriber and begin commercial operations.
Combining nuclear energy with BTC mining will benefit both sectors. The first of them will be able to sell the surplus produced in this way. What's more, by helping to "decarbonise" the industry, it will increase the attractiveness of Bitcoin mining for institutional investors who value environmental protection.
Despite the ongoing cryptocurrency winter, the miners of the leading virtual currency strongly supported it. This is evidenced by the increase in the difficulty of mining BTC against the background of the market being in the grip of a slump. In January this year, there was a visible rebound on the Bitcoin chart. The price of this cryptocurrency rose after several weeks of trading near the $16.4 thousand line to levels close to $23 thousand today.
