TechFlow news, according to Coindesk, cryptocurrency exchange Kraken is considering using nuclear energy as a power source for its data centers. Kraken plans to partner with energy providers capable of supplying small modular reactors (SMRs), which can be co-located with data centers and are not constrained by space or weather conditions.
Kraken's Chief Technology Officer Vishnu Patankar said in an exclusive interview with CoinDesk that, amid the surge in decentralized finance (DeFi) and demand for its services, Kraken is exploring nuclear energy options in North America and Europe. Patankar emphasized that a stable and reliable power supply is critical to supporting the continued growth of the crypto ecosystem.
Additionally, Patankar noted that with surging energy demands from artificial intelligence (AI) and high-performance computing (HPC) companies, Kraken needs to ensure the stability of its energy supply. Nuclear energy, serving as backup power, could enable Kraken to continue operations during local power disruptions, ensuring round-the-clock product and service availability.
