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.
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
Megawatt prides itself on being a good corporate citizen and preventing service interruptions. We achieve these goals by locating our facilities in regulated energy states with surplus power and by working closely with state and county officials to strategically support local economic development.
Megawatt deploys the latest generation of SHA256 miners to maximize hashrate and power efficiency. We understand that many people are looking for a reliable host, so while we expect to use our capacity for self-mining, we also help individuals on a first-come, first-serve basis for co-location.
Green power source
Megawatt intentionally selects renewable power sources in order to accelerate our industry towards a cleaner energy future. Our operation is already over 85% emission free with more news to come about our progress towards 100%.
We own and operate 100% of our facilities, electrical equipment, and IT infrastructure. This enables Megawatt to achieve air-tight security, high uptime, and 24/7 monitoring of our operation.
Megawatt collaborates with local economic development corporations to select industrially zoned land for its facilities. We use local labor whenever possible and will continue reinvesting in the local community.
Bitcoin mining process
Bitcoin transactions from the network are pooled together in a block.
Once a block is formed, miners compete to solve the block puzzle.
Once solved, the transactions in the block are "verified" by the network.
The new block of verified transactions is attached to a chain of prior blocks, hence "blockchain".
For solving the puzzle, miners are rewarded with Bitcoin. Currently, 6.25 BTC per block. Blocks are solved on avg. every 10 minutes.
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
Over 80% emission-free power. Actively working to achieve 100% renewable energy.
Megawatt 2024 Estimate
Over 80% emission-free power. Actively
working to achieve 100% renewable energy. Ilya Rekther 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 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 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 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