Decrypt reported with Bitcoin mining consuming more energy than many countries, nuclear energy providers may have a solution. In July, Bitcoin mining firm Compass Mining already embraced nuclear energy after partnering with Oklo, a nuclear energy startup. Oklo is building out so-called “microreactors” in order to sidestep the enormous logistical hurdles of a full-scale nuclear reactor.
Talen Energy, an American energy firm, also announced a similar partnership with TeraWulf Inc., a U.S.-based Bitcoin miner. Talen is building a mining facility the size of four American football fields in Pennsylvania to support the venture. Called the “Nautilus Cryptomine,” the mining site “will create zero-carbon coins with the appropriate regulatory overlay, mined in the United States in a secure location,” said Talen’s president, Alex Hernandez.