America’s first nuclear-powered Bitcoin mine announced remarkable results for March 2023. Harnessing the power of nuclear energy to mine the world’s leading cryptocurrency, this pioneering facility exceeded all expectations and cemented its position as a pioneer in the field. .
The mining hub, Nautilus, which is owned and operated by TeraWulf, used more than 91% zero-carbon energy to power approximately 9,200 miners.
These boosted miners played a significant role in contributing to TeraWulf’s remarkable average operational hash rate of 3 EH/s for the month, which is a massive 50% increase compared to February.
Based on latest production and unaudited monthly operations TeraWulf press releaseNautilus continues to outshine its competitors in the realm of Bitcoin mining.
Image: REQ
TeraWulf mining fleet increases hash rate capacity by 65%
TeraWulf’s operating mining fleet of around 27,200 miners, including 18,000 operating miners at the Lake Mariner and 9,200 autominers at the Nautilus facilitieshas played 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 execute as promised, delivering strong results in the first quarter of 2023,” said Kerri Langlais, TeraWulf’s chief strategy officer. “We believe that the continued hard work and commitment of our people has positioned us to achieve our goal of 5.5 EH/s of capacity in the second quarter.”
Pioneers in 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 power. Fast forward to January 2023, and the data center shell has been completed, thanks to the 2.5GW nuclear power plant that powers it.
TeraWulf has a 25% interest in the project, which is expected to reduce the company’s energy costs and achieve computing power of 5.5 EH/s by Q2 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 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 seen as an important step towards greater sustainable bitcoin mining practicesbut it also marks a crucial milestone in the adoption of nuclear power in the tech industry.
By harnessing the power of nuclear energy, Nautilus Cryptomine has the potential to significantly reduce the energy costs associated with mining Bitcoin and mitigate its environmental impact.
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