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.

How are US miners investing in bitcoin mining?

U.S. miners themselves are raising hundreds of millions of dollars to invest in bitcoin mining and converting abandoned factories and power plants into large bitcoin mining facilities. One example of this is Greenidge Generation, a former coal power plant in Dresden, New York that converted to natural gas and began bitcoin mining.

Is there an opportunity for crypto miners elsewhere?

This has created an opportunity for miners elsewhere, as the power behind crypto becomes less dependent on one place. Photo illustration: Sharon Shi Bitcoin miners, under fire for their sizable environmental footprint, are forging partnerships with owners of struggling nuclear-power plants with electricity to spare.

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.