America’s First Nuclear Powered Bitcoin Mine Surpasses Expectations with Zero-Carbon Energy Usage
Nautilus Cryptomine, the pioneering facility owned and operated by TeraWulf, has announced impressive results for the month of March 2023. Using over 91% of zero-carbon energy, the mining center harnessed nuclear energy to power approximately 9,200 miners, contributing to TeraWulf’s remarkable average operating hash rate of 3 EH/s for the month. This represents a massive 50% increase compared to February, surpassing all expectations and cementing Nautilus’ position as a trailblazer in the field.
TeraWulf’s operational miner fleet of around 27,200 miners played a crucial role in achieving an outstanding self-mining hash rate capacity of 2.8 EH/s. The company’s Chief Strategy Officer, Kerri Langlais, stated that the continued hard work and commitment of TeraWulf’s people have positioned the company to achieve its goal of 5.5 EH/s of capacity in the second quarter.
The Nautilus project, a joint venture between TeraWulf and Cumulus Data, a subsidiary of Talen Energy, was launched in August 2021. Its aim was to build a green data center that would operate using nuclear power. Fast forward to January 2023, and the shell for the data center has been completed, thanks to the 2.5 GW nuclear power station that’s powering 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 slowing down. The Nautilus project is not only considered a significant step towards more sustainable Bitcoin mining practices, but it also marks a crucial milestone in the adoption of nuclear energy in the tech 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. As TeraWulf continues to execute as promised, delivering strong results in Q1 2023, the project is poised to set new standards in the world of Bitcoin mining.
