Bitcoin Mining: Nuclear-Powered Facility in US Achieves Impressive Results
TeraWulf, a cryptocurrency mining company, has launched Nautilus, the first 100% nuclear-powered Bitcoin (BTC) mining facility in the United States.
The facility, located in Pennsylvania, has already recorded impressive results since its launch.
According to a press release from April 6, Nautilus had approximately 9,200 energized miners in March, contributing to TeraWulf’s average monthly operating hash rate of 3 EH/s. This represents a 50% increase compared to February.
In addition to Nautilus, TeraWulf operates another New York mining facility called Lake Mariner. Together, the two facilities produced an average of 7.5 BTC per day and self-mined 233 Bitcoin in March, which equates to about $6.49 million worth of Bitcoin produced in a single month.
Both Nautilus and Lake Mariner rely largely on hydro and nuclear power, with 91% of the energy used being zero-carbon.
TeraWulf aims to raise mining capacity to 5.5 EH/s in Q2 and plans to add 50 MW of capacity for each mining facility.
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The Chief Strategy Officer at TeraWulf, Kerri Langlais, stated that the company plans to quickly ramp up 50 MW of zero-carbon capacity at the Nautilus facility, with construction also continuing at Lake Mariner.
Nautilus was announced in August 2021 as a joint project between TeraWulf and Cumulus Data, a subsidiary of Talen Energy.
The success of both mining facilities challenges the criticism of Proof-of-Work technology, used for mining digital assets like Bitcoin, as a danger to the environment and climate due to carbon emissions.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
