US 1st Nuclear-Powered Bitcoin Mine Reports 9,000 Facilities Energized In Q1
America’s first nuclear-powered Bitcoin mine announced remarkable results for the month of March 2023. This pioneering facility, which harnesses the power of nuclear energy to mine the world’s leading cryptocurrency, surpassed all expectations and established its position as a pioneer in the field.
The mining hub, Nautilus, which is owned and operated by TeraWulf, used more than 91% of the zero-carbon energy to power approximately 9,200 miners.
These powerful miners played a significant role in contributing to TeraWulf’s remarkable average operating hash rate of 3 EH/s for the month, representing a massive 50% increase from February.
According to the latest unaudited monthly production and operations TeraWulf press releaseNautilus continues to outshine its competitors in the realm of Bitcoin mining.
Image: REQ
TeraWulf mine fleet increases hash rate capacity by 65%
TeraWulf’s operating miner fleet of approximately 27,200 miners, which includes 18,000 miners operating at the Lake Mariner and 9,200 autonomous miners at Nautilus facilitiesplayed a crucial role in achieving an excellent auto mining hash rate capability of 2.8 EH/s.
This marks a phenomenal 65% increase in the first quarter of 2023.
“We continue to deliver on our promise, delivering solid results in the first quarter of 2023,” said Kerri Langlais, chief strategy officer at TeraWulf. “We believe the continued hard work and commitment of our people has positioned us to reach our target of 5.5 EH/s of 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 operate using nuclear power. Fast forward to January 2023, and the data center structure has been completed, thanks to the 2.5 GW nuclear power plant that powers it.
TeraWulf has a 25% stake in the project, which is expected to reduce the company’s energy costs and reach a computing power of 5.5 EH/s by the second quarter of 2023.
While concerns about the environmental impact of Bitcoin mining persist, the trend of upgrading machines and adding new fleets shows no signs of slowing down. Since 2016, the global hash rate for mining has steadily increased.
Crypto total market cap remains at the $1.14 trillion level on the weekend chart at TradingView.com
The Nautilus project is not only considered a significant step towards more sustainable Bitcoin mining practicesbut it also marks a crucial milestone in the technology industry’s adoption of nuclear power.
By harnessing the power of nuclear energy, Nautilus Cryptomine has the potential to significantly reduce energy costs associated with Bitcoin mining and mitigate its environmental impact.
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