According to Coindesk, cryptocurrency exchange Kraken is considering using nuclear energy as a source of electricity for its data centers. Kraken plans to work with energy suppliers that can provide small modular reactors (SMRs), which can be co-located with data centers without space or weather restrictions.
Kraken is exploring nuclear power options in North America and Europe as decentralized finance (DeFi) and demand for its services surge, Kraken CTO Vishnu Patankar told CoinDesk in an exclusive interview. Patankar stressed that a stable and reliable power supply is essential to support the continued growth of the crypto ecosystem.
In addition, Patankar also pointed out that with the surge in energy demand from artificial intelligence (AI) and high-performance computing (HPC) companies, Kraken needs to ensure the stability of its energy supply. Nuclear energy as a backup power source can ensure that Kraken continues to operate and provide products and services around the clock in the event of a local energy supply interruption.
