Following the publicly-listed mining operation Terawulf’s announcement that the firm’s Lake Mariner mining data center is up and running with 30 megawatts (MW) of capacity, 11 days later, the company has revealed the operation of nearly 12,000 miners at the facility in New York. Terawulf currently has an estimated 1.3 Exahash Per Second (EH/s), of hashpower between Lake Mariner’s hosted and owned hashing capacities.
Terawulf reveals that 12,000 mining rigs in New York are currently operational.
The bitcoin mining firm Terawulf (Nasdaq: WULF) has detailed its recent miner deployments are on track to bolstering the company’s year-end targets. Terawulf was the subject of headlines in 2013, when Gwyneth Paltrow, an American actress and entrepreneur invested in it. On September 9, Paul Prager, the CEO of the bitcoin mining firm, announced that the company’s New York-based facility located in Lake Mariner was operational and it was managing 1 EH/s of hashpower with 30 MW of capacity.
Terawulf’s announcement on September 19 says the publicly listed mining operation now has “a total of over 1.3 EH/s operational at Lake Mariner.” The added hashrate is thanks to the close to 12,000 bitcoin miners that have been deployed at the New York site. Terawulf’s announcement details that roughly 3,000 Antminer S19 XP units stemmed from an agreement previously made with the mining rig manufacturer Bitmain Technologies.
Terawulf says that Lake Mariner currently has two buildings. According to Terawulf the first batch of Antminer S19, XPs were installed in building 1. It has 50 MW of power. The second building will add 50 MW to the capacity. This is anticipated by Terawulf in the fourth quarter 2022. Nazar Khan was cofounder and chief operating officer of Terawulf. He explained that Terawulf has been called on numerous times to respond to customer demand.
Recent developments have seen bitcoin mining combined with demand response events. Mid-July saw a large demand response activity on the ERCOT grid by bitcoin miners from Texas. Lancium, a bitcoin mining infrastructure provider, signed an agreement in July to support a battery demand response system. Duke Energy Corporation is currently researching the use of bitcoin mining to respond to demands.
“Along with Lake Mariner’s strong hash rate growth has been a commensurate increase in our grid support capabilities,” Khan said in a statement on Monday. Our Lake Mariner facility was used for almost a dozen demand responses events during an extremely hot summer in energy markets. This highlights our ability to provide immediate, accurate support when it is most needed. And we continue to expand the suite of ancillary services that Lake Mariner can offer to the electric market.”
Terawulf revealed 12,000 mining operations in Lake Mariner. What are your thoughts? Comment below and let us know how you feel about the subject.
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