Following public listed Terawulf Mining’s announcement that the company’s Lake Mariner mining data center is up and running with 30 megawatts (MW) of capacity, 11 days later the company disclosed the operation of nearly 12,000 miners at the New York facility. . Between the hash capacity owned and hosted at Lake Mariner, Terawulf has 1.3 exahash per second (EH/s) of hash power.
Terawulf says 12,000 mining rigs are operational in New York, site currently produces 1.3 Exahash
Bitcoin mining firm Terawulf (Nasdaq: WULF) detailed that its recent miner deployments are on track to bolster the company’s year-end goals. Terawulf made headlines last year when it was reported that American actress and businesswoman Gwyneth Paltrow had invested in the company. On September 9, Bitcoin mining company CEO Paul Prager announced that the company’s New York-based facility, located in Lake Mariner, was up and running and managing 1 PE/s of hash power with 30 MW of capacity.
Terawulf’s Sept. 19 announcement says the publicly traded mining operation now has “a total of over 1.3 PE/s operational at Lake Mariner.” The added hashrate is due to the nearly 12,000 bitcoin miners that have been deployed at the New York site. Terawulf’s announcement details that around 3,000 Antminer S19 XP units came from a previously agreed deal with mining rig manufacturer Bitmain Technologies.
According to Terawulf, Lake Mariner has two buildings and the initial batch of Antminer S19 XP was installed in building one, which has a capacity of 50 MW. The second building is expected to add an additional 50MW of capacity by the last quarter of 2022. Nazar Khan, co-founder and COO of Terawulf, explained that the company has been repeatedly called upon for demand response efforts.
Bitcoin mining coupled with demand response events has been an interesting development lately. In mid-July, Texas bitcoin miners showcased a major demand response effort on the ERCOT grid. Bitcoin mining infrastructure provider Lancium signed a deal in July to bolster a battery-powered demand response system, and the second-largest US energy company, Duke Energy Corporation, is studying Bitcoin mining applied to demand response efforts.
“With Lake Mariner’s strong hash rate growth, there has been a commensurate increase in our network support capabilities,” Khan said in a statement on Monday. During an extreme summer in the energy markets, our Lake Mariner facility was called upon for nearly a dozen demand response events, highlighting our ability to deliver instant and accurate assistance when the network needs it the most. And we continue to expand the range of ancillary services that Lake Mariner can offer to the electricity market.
What do you think of Terawulf revealing that 12,000 miners are now operational at Lake Mariner? Let us know what you think about this topic in the comments section below.
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