America’s First Nuclear-Powered Bitcoin Mining Center Reveals Q1 Results
TeraWulf's Nautilus, the first 100% nuclear-powered Bitcoin mining facility in the United States, has completed March with approximately 9,200 miners and an average operating hash rate of 3 EH/s, a 50% month-over-month increase compared to February. The facility self-mined 233 Bitcoin in March, with an average production rate of 7.5 BTC per day, worth about $6.49 million for the month.
Bitcoin Difficulty and Hash Rate Mark All-time Highs As Miner Revenue Increases
Bitcoin's mining difficulty, the measure of how hard and time-consuming it is to find a suitable hash for each block on the blockchain, has increased by 2.23% at block height 784,224, marking the fourth consecutive increase. The latest adjustment pushes the difficulty metric to a record high of 47.89 trillion, making it harder than ever to mine a Bitcoin block. Despite this, miner revenue has also increased, with miners making just under $732 million in March from block subsidies and transaction fees combined. The increased revenue correlates with the price of Bitcoin, which has risen by 69% since January 1 and nearly 26% over the past month, more than enough to counteract the increased mining costs.
DCG’s Bitcoin Mining Firm Foundry to Stop Offering Free Services
Crypto-mining firm Foundry, which is owned by embattled conglomerate Digital Currency Group, is going to start charging users a fee for its Bitcoin mining services.
Marathon Mines Record Bitcoins in March and First Quarter
Marathon Digital Holdings, a digital asset technology company, mined a company-record 825 bitcoins in March and a total of 2,195 bitcoins in Q1, due to a 64% increase in operational hash rate. Marathon also energized 13,000 previously installed bitcoin miners at Applied Digital's North Dakota facility last month. The company reported an operating fleet of roughly 105,200 bitcoin miners, with a theoretical production capacity of 11.5 EH/s, and expects to report a mid-year mining capacity of 23 EH/s. Marathon reduced its debt by $50 million and increased its unrestricted bitcoin holdings by 3,132 bitcoin in Q1. However, its Q4 2022 revenue declined 58% YoY to $28.4 million, and its full-year revenue for 2022 declined 26% to $117.8 million, recording a net loss of $686.7 million last year.
MIT Space Force Major Proposes Bitcoin Mining As Cybersecurity Tool
An active-duty United States Space Force astronautical engineer is proposing to the Pentagon a cybersecurity tool capable of transforming the country's national security and even the base-layer architecture of the internet: Bitcoin (BTC).
More Than 50% of Bitcoin Mining Uses Renewable Energy
More than 50% of Bitcoin mining now uses renewable energy sources. This is a significant milestone for the cryptocurrency industry, and underscores the potential for blockchain technology and other emerging technologies to drive innovation and growth in a variety of sectors.
Space Force Major Proposes Bitcoin Mining for Pentagon Defense Strategy
Space Force major has proposed Bitcoin mining as a way to help fund the Pentagon's defense strategy. The proposal is still in the early stages of development, and that there are many potential challenges and risks associated with implementing such a strategy.
BTC Miner TeraWulf Grew Revenue Over 140% in Q4’22
Bitcoin mining company TeraWulf has reported 146% revenue growth during Q4 2022 compared to Q3, according to its annual report. The company grew its revenue from $3.9 million to $9.6 million by expanding its mining operations and adding an extra 110 MW of mining infrastructure. TeraWulf plans to add another 50 MW in the next three months to increase its total capacity to 150 MW by the end of Q2 2023.
Senate Bill Threatens Financial Incentives for Texas Bitcoin Miners
Bitcoin mining companies in Texas, US may lose the financial incentives that gave them a competitive advantage in the state. Senate Bill 1751 aims to protect the state's electric grid under peak loads, and one of the measures is utility-scale protection.
Bitcoin Hash Rate Spikes to 398 Exahash, Analysts Say Miners Coming Back Online
Bitcoin's (BTC) hash rate spiked to all-time highs of 398 exahash on March 23, and analysts have been speculating miners are starting to turn their rigs back on as the Bitcoin price rises.
