Is nuclear energy the future of bitcoin mining?

“Nuclear energy is well suited to providing the [power] needed to do bitcoin mining,” Alex Gilbert, a project manager for nuclear power think tank the Nuclear Innovation Alliance, tells CNBC Make It.

Is a nuclear-powered bitcoin mine coming to Coshocton?

Two companies in Ohio are pioneering a project that will bring a nuclear-powered mining center to Coshocton, Ohio. Standard Power, an infrastructure and hosting provider, is converting an abandoned paper mill into a state-of-the-art nuclear powered bitcoin mine.

Is terawulf the first nuclear-powered bitcoin mine in the US?

Cumulus Data has completed a data center connected to Pennsylvania's Susquehanna nuclear power station, with plans to this year begin hosting the space for Bitcoin mining company TeraWulf. The center's completion, which was announced last week by Cumulus Data, sets it up to be the first nuclear-powered bitcoin mine in the US.

Why does bitcoin mining use so much power?

This chatter is because Bitcoin mining has got recent heat for power consumption. The S19 Pro rig has a custom-built chip from Bitmain, achieving power efficiency as low as 23 J/TH. Bitmain has improved the circuit architecture, which improves power efficiency. Accordingly, more miners are investing in renewable energy.