Crypto exchange Kraken is exploring the potential of nuclear energy to power its data centers in a bid to enhance energy efficiency and sustainability. The company is looking to partner with established energy providers specializing in compact nuclear reactors to achieve this goal. This move comes as data centers face high energy consumption driven by the increasing demand for AI services and digital asset trading.
Kraken’s Chief Technology Officer, Vishnu Patankar, emphasized the importance of bolstering energy resiliency to strengthen the crypto ecosystem’s growth. The company’s plan to tap into nuclear energy aligns with the broader industry trend of tech firms seeking alternative energy sources for their power-intensive data centers supporting modern AI technologies.
By considering nuclear energy sources, Kraken aims to address the energy challenges faced by data centers while also reducing carbon emissions compared to traditional energy sources like thermal. This shift towards nuclear energy showcases the company’s commitment to sustainability and innovation within the industry.
