America’s first nuclear-powered bitcoin miner has reported notable results for the month of March 2023. Harnessing the power of nuclear power to mine the world’s leading cryptocurrency, this groundbreaking facility has surpassed all expectations and cemented its position as a leader in the field.
The mining center, Nautilus, which is owned and operated by TeraWulf, has used more than 91% carbon-free energy to power approximately 9,200 miners.
Power miners played a significant role in contributing to TeraWulf’s observed average operating hash rate of 3 EH/s for the month, which is a whopping 50% increase compared to February.
According to the latest unaudited monthly production and operations Press release from TeraWulfNautilus continues to outpace its competitors in the bitcoin mining space.
Image: REQ
TeraWulf mine fleet boosts hash rate capacity by 65%
TeraWulf’s operational mine fleet of approximately 27,200 miners, including 18,000 operational miners at the Lake Mariner facility and 9,200 self miners at the Nautilus facilityplayed a crucial role in achieving an excellent self-mining hash rate capacity of 2.8 EH/s.
This represents a whopping 65% increase in the first quarter of 2023.
“We continue to execute as promised, and deliver strong results in the first quarter of 2023,” said Kerry Langlis, Chief Strategy Officer at TeraWulf. “We believe that the continued hard work and commitment of our employees has enabled us to achieve our goal of 5.5 EH/s capacity in the second quarter.”
Pioneering green bitcoin mining with nuclear power
In August 2021, TeraWulf and Cumulus Data, a subsidiary of Talen Energy, announced their joint venture, Nautilus. The goal was to build a green data center that would run on nuclear energy. Fast forward to January 2023, and the data center structure is complete, thanks to the 2.5 gigawatt nuclear power plant powering it.
TeraWulf holds a 25% stake in the project, which is expected to reduce the company’s energy costs and achieve 5.5 EH/s computing power by the second quarter of 2023.
While concerns about the environmental impact of bitcoin mining still persist, the trend of upgrading machines and adding new fleets shows no signs of slowing down. Since 2016, the global mining hash rate has been increasing continuously.
Crypto total market cap remains at the $1.14 trillion level on the weekend chart at TradingView.com
The Nautilus project is not just an important step towards more Sustainable bitcoin mining practicesbut it also marks a milestone in the adoption of nuclear power in the technology industry.
By harnessing the power of nuclear energy, Nautilus Cryptomine has the potential to significantly reduce the energy costs associated with bitcoin mining and mitigate its environmental impact.
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