Former President Trump and New York Governor Hochu have proposed turning to nuclear energy to achieve climate goals and provide the massive amounts of energy needed for high-performance computing and artificial intelligence, Cointelegraph reported.
Huo Chu believes that nuclear energy can help New York achieve its 2030 climate goals. Trump said in a recent interview that the United States needs a lot of electricity to support the development of artificial intelligence.
Trump pointed out problems with other renewable energy sources such as wind and solar and stressed the importance of nuclear energy, which he believes will provide a huge advantage in the AI competition.
Not only the United States, but also Poland, Sweden and China are investing in nuclear energy. Poland plans to invest $1.2 billion to build a nuclear power plant, Sweden plans to invest $28.5 billion, and China has approved a $31 billion nuclear power project.
For Bitcoin miners, nuclear energy can significantly reduce mining costs. According to a report by Bitfufu, the average cost of mining one Bitcoin rose to $51,887 in the second quarter of 2024. The virtually unlimited energy provided by nuclear power will reduce the major costs of Bitcoin mining.
The use of nuclear energy could reduce the huge energy costs of mining, potentially making the mining industry more democratized and decentralized, allowing small miners to have the opportunity to successfully mine.
