US’s first nuclear-powered Bitcoin mine reports 9,000 plants activated in Q1
America’s first nuclear-powered Bitcoin mine has announced remarkable results for the month of March 2023. This groundbreaking facility, which harnesses the power of nuclear energy to mine the world’s leading cryptocurrency, has surpassed all expectations and cemented its position as a trailblazer in the field.
The mining center, Nautilus, owned and operated by TeraWulf, used over 91% of its zero-carbon energy to power approximately 9,200 miners.
These driven miners played a significant role in contributing to TeraWulf’s remarkable average hash rate of 3 EH/s for the month, which represents a massive 50% increase compared to February.
According to latest unaudited monthly production and operations news release from TeraWulfNautilus continues to outperform its competitors in the Bitcoin mining realm.
Image: REQ
TeraWulf’s mining fleet increases hash rate capacity by 65%
TeraWulf’s operational miner fleet of approximately 27,200 miners, which includes 18,000 operational miners at the Lake Mariner facility and 9,200 self-miners at the Nautilus planthas played a crucial role in achieving an unprecedented self-recovery rate capability of 2.8 EH/s.
This marks a phenomenal increase of 65% in the first quarter of 2023.
“We continue to execute as promised, delivering strong results in Q1 2023,” said Kerri Langlais, Chief Strategy Officer of TeraWulf. “We believe the continued hard work and commitment of our people has positioned us to achieve our goal of 5.5 EH/s capacity in the second quarter.”
Pioneering Green Nuclear Bitcoin Mining
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 with nuclear power. Fast forward to January 2023, and the shell of the data center is complete, thanks to the 2.5 GW nuclear power station that powers it.
TeraWulf has a 25% stake in the project, which is expected to reduce the company’s energy costs and achieve 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 abating. Since 2016, the global mining hash rate has continuously 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 miningbut it also marks a decisive milestone in the introduction of nuclear power in the technology industry.
By harnessing the power of nuclear power, Nautilus Cryptomine has the potential to significantly reduce the energy costs associated with Bitcoin mining and reduce environmental impact.
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