Kraken Explores Nuclear Power for Environmentally Friendly Data Centers

IconCryptoNewsTerminal Staff02 Jul, 2024

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Kraken Explores Nuclear Power for Environmentally Friendly Data Centers

Kraken, the cryptocurrency exchange, is considering nuclear power as a sustainable energy source for its data centers, according to Coindesk. By leveraging nuclear energy, Kraken aims to meet the industry's growing demand for electricity while minimizing its environmental impact. Vishnu Patankar, Kraken's Chief Technology Officer, highlights the company's commitment to sustainable practices. "Nuclear power offers a scalable solution that will enable us to meet the increasing energy demands of our data centers," said Patankar. "This move will contribute to the crypto industry's resilience and long-term growth." Kraken intends to collaborate with energy providers that specialize in small modular reactors, enabling them to leverage nuclear power without the need for constructing their own reactors. This partnership approach aligns with Kraken's focus on innovation and efficiency.

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