Nautilus Nuclear Mine Ushers in New Era of Sustainable Bitcoin Mining
America’s first nuclear-powered Bitcoin mining facility, Nautilus, has reported remarkable results in March 2023. Owned and operated by TeraWulf, the facility utilized over 91% of zero-carbon energy to power approximately 9,200 miners. This led to a 50% increase in the average operating hash rat compared to February.
Nautilus continues to outperform competitors in the Bitcoin mining sector. TeraWulf’s operational miner fleet of around 27,200 miners, including those at the Nautilus and Lake Mariner facilities, contributed to an outstanding hash rate capacity of 2.8 EH/s, a 65% increase in Q1 2023.
According to Kerri Langlais, Chief Strategy Officer of TeraWulf, the company is on track 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 initiated in August 2021 to build a green data center powered by nuclear energy. With a 2.5 GW nuclear power station now in operation, TeraWulf aims to reach a computing power of 5.5 EH/s by Q2 2023.