Sustainable

bitcoin mining

We build, own and operate mining facilities in the United States to support and secure the Bitcoin network. Our experience in Bitcoin mining has shown us that there is a shortage of reliable, vertically integrated, US-based miners. We decided to build our own, 100% owned and operated by Megawatt.

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about

Our mission

Our mission

Our mission

Our mission

We believe that Bitcoin can, and will, change the world. Our mission is to accelerate and secure this monetary revolution by mining Bitcoin with sustainable sources of energy.

Vertically integrated US-based miner

US-based with state & local support
Equipment
Green power source
Infrastructure
Land
Process

Bitcoin mining process

Bitcoin transactions

Bitcoin transactions from the network are pooled together in a block.

Task solving/Mining

Once a block is formed, miners compete to solve the block puzzle.

Transaction verification

Once solved, the transactions in the block are "verified" by the network.

Block Confirmation

The new block of verified transactions is attached to a chain of prior blocks, hence "blockchain".

Block reward

For solving the puzzle, miners are rewarded with Bitcoin. Currently, 3.125 BTC per block. Blocks are solved on avg. every 10 minutes.

sustainability

Renewable energy

Renewable energy

Renewable energy

Renewable energy

Long-term power agreement with a publicly traded utility

Energy mix including Solar, Wind, Hydro, and Nuclear

208 PH

208 petahash and growing

Sustainable energy mix

Over 87% emission-free power. Actively working to achieve 100% renewable energy.

2.2%

Iran

14.4%

China

18.9%

Russia

20.7%

World

30%

South Korea

30.5%

United States

48.9%

Germany

56%

Global BTC
Mining

87%

Megawatt
2023

100%

Megawatt
Future Estimate

2.2%

Iran

14.4%

China

18.9%

Russia

20.7%

World

30%

South Korea

30.5%

United States

48.9%

Germany

56%

Global BTC Mining

87%

Megawatt 2023

100%

Megawatt Future Estimate

Over 87% emission-free power. Actively
working to achieve 100% renewable energy.

Data as of January 2024
Press release for our energy grid

The team
Ilya Rekhter

Ilya RekhTer

Chief Executive Officer

  • Former Co-Founder & CEO of DoubleMap (Acquired by Ford)
  • 12 years of SaaS & hardware experience with focus on transportation
  • IBJ 40 under 40, Inc 30 under 30, TechPoint Entrepreneur of the Year
Dean Collier

Dean Collier

Enterprise Risk Manager

  • 4+ years of risk management and product support in the insurance and financial services sector
  • Experience developing Bitcoin wallet software/passionate about self-custody and technical capabilities of Bitcoin
  • Associate of the Society of Actuaries
Patrick McLaughlin

Patrick MCLAUGHLIN

Technology & Software

  • 7 years as a software team lead in the professional services & finance spaces
  • Passionate in exploring advanced mining techniques, immersion & water cooling
  • 3D modeling & machining hobbyist
Wayne Highfield

Wayne Highfield

Facilities Supervisor

  • Co-Founder of BitcoinU and Archive Collective
  • 2 years of technical ASIC experience, 4 years of computer assembly & hardware configuration
  • 7 years of experience in visual media and video production
Contact

Stay in touch

Connect with us to learn more about Megawatt. Ask about our open positions or available space for colocation.

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