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Kraken, a U.S.-based cryptocurrency and Bitcoin exchange, is considering using nuclear energy to power its data centers. This move comes amidst an expected boom in decentralized finance (DeFi) and increased demand for its services. The company is exploring partnerships for small modular reactors (SMRs) in North America and Europe. Kraken's CTO, Vishnu Patankar, highlighted the need for a stable power supply due to the sharp increase in electricity demand from artificial intelligence and supercomputing firms. The initiative aims to bolster energy resiliency and ensure 24/7 operation amidst rising energy needs.
NEWS: 🌐 Kraken considers using nuclear energy to meet global crypto demand, ensuring 24/7 operation amidst rising energy needs. Read more 👇
KRAKEN CONSIDERS NUCLEAR OPTION FOR DATA CENTERS Crypto exchange Kraken is evaluating nuclear energy to power its data centers and exploring partnerships for small modular reactors (SMRs) in North America and Europe. Kraken CTO, Vishnu Patankar: “Crypto’s round-the-clock and… https://t.co/rUCIfAw3SP
KRAKEN EXPLORES NUCLEAR ENERGY FOR DATA CENTERS The U.S-based crypto exchange is contemplating harnessing nuclear energy to power its data centers, aiming to bolster energy resiliency amid growing demand from AI and supercomputing firms. Partnering with energy providers for… https://t.co/UKOT93Yy3u