Overview
ULTRA Labs is a US mining and staking studio that lets people put idle Cardano ADA to work and share in the output of a real Bitcoin mine. You delegate ADA to the ULTRA stake pool to collect project tokens, and holding those tokens is designed to pay out a monthly slice of the mine's Bitcoin. It pairs an operating machine with a way for a crowd to participate, rather than just selling a token[^1].
ULTRA Labs began in 2021 as Cardania and later rebranded under the ULTRA name1. The mine sits in Washington state, USA, and runs on low-cost hydroelectric power, which keeps its running costs low2. The project also builds Web3 games and tooling for AI agents, but the mining-and-staking loop is its core.
Key Features
- A stake pool that pays in project tokens. Delegators point their ADA at the ULTRA Cardano stake pool and earn ULTRA tokens each cycle instead of the usual ADA staking rewards, which fund the mine's growth3.
- Your ADA never leaves your wallet. Delegating to the pool is non-custodial, so you keep full control of your coins the whole time and can redirect them whenever you want4.
- A live hydroelectric Bitcoin mine. The first facility in Washington runs current-generation liquid-cooled machines on cheap hydro power, and has produced Bitcoin since early 20252.
- Monthly Bitcoin for token holders. Holding ULTRA tokens is designed to entitle you to a recurring share of the Bitcoin the mine produces, tying the token to a physical revenue source[^1].
- A phased reward schedule. The staking program hands out the bulk of the token supply across three timed phases, with earlier participants receiving a larger share[^1].
What to Expect
A visitor will find a dashboard-style site built around participation. The staking pages walk you through delegating ADA to the ULTRA pool and show what you would earn; a mining page reports the facility's machines and Bitcoin output; and a simulator lets you estimate rewards before committing anything3.
The token itself is not yet issued. ULTRA is positioned as a token on the Midnight network, and its distribution and Bitcoin payouts are set to begin once Midnight goes live, so today's participation is about accruing an allocation rather than trading a live asset[^1].[^1]: ULTRA Labs Project Context
