According to Vishnu Patankar, the chief technical officer of Kraken, the company is considering using nuclear energy to power its data centers.
This decision is fueled by the predicted growth in decentralized finance and increasing demand for the company’s services.
While Kraken is not planning to build its own nuclear reactors, it is exploring partnerships with energy providers that can supply small modular reactors (SMRs) which can be co-located with data centers and have fewer space and weather constraints.
The main goal behind this move is to reinforce their energy resiliency, which will provide a more reliable avenue for fiat onramps and support the continued growth of the cryptocurrency ecosystem.
As the demand for energy from artificial intelligence and high-performance computing firms continues to rise, Kraken recognizes the need to secure their own energy supply. This is why they are looking into nuclear power options in both North America and Europe.
