PANews reported on July 2 that according to CoinDesk, the crypto exchange Kraken is considering using nuclear energy to power its data center. Kraken CTO Vishnu Patankar said in an interview that with the rise of decentralized finance (DeFi) and the increase in service demand, the company is seeking to work with energy suppliers that can provide small modular reactors (SMRs) to ensure a stable energy supply. Kraken is exploring nuclear energy options in North America and Europe to cope with the huge growth in electricity demand from artificial intelligence (AI) and high-performance computing (HPC) companies. Patankar pointed out that nuclear energy can provide Kraken with a stable energy supply that is not restricted by space and weather, thereby supporting its 24/7 operation and global trading volume growth. Although Kraken has not made a final decision, nuclear energy is seen as a more reliable option than wind and solar energy, as the latter rely on weather conditions and face challenges in energy storage.
