Cryptocurrencies
Bitcoin Miner TeraWulf Buys 15,000 Computers for Upstate N.Y. Facility
- TeraWulf paying Bitmain about $169 million for the machines
- Bitcoin mining has faced criticism for its energy consumption
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Bitcoin mining company TeraWulf Inc. will buy 15,000 computers from Bitmain Technologies Ltd. for about $169 million and install the machines at a facility it’s building in upstate New York.
The facility will plug into an electrical grid that relies on hydropower and is 90% carbon-free, according to the company’s website. TeraWulf says it chooses zero-carbon energy sources to power its mining, an important point in an industry that’s faced criticism for its power consumption.