{"id":14914,"date":"2024-07-03T12:11:48","date_gmt":"2024-07-03T09:11:48","guid":{"rendered":"https:\/\/forklog.com\/en\/kraken-explores-nuclear-energy-for-data-centre-stability\/"},"modified":"2024-07-03T12:11:48","modified_gmt":"2024-07-03T09:11:48","slug":"kraken-explores-nuclear-energy-for-data-centre-stability","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/kraken-explores-nuclear-energy-for-data-centre-stability\/","title":{"rendered":"Kraken Explores Nuclear Energy for Data Centre Stability"},"content":{"rendered":"<p>Kraken is exploring the potential of nuclear energy to ensure stable power for its data centres. This was revealed by the cryptocurrency exchange&#8217;s <span data-descr=\"chief technology officer\" class=\"old_tooltip\">CTO<\/span>, Vishnu Patankar, in an interview with <a href=\"https:\/\/www.coindesk.com\/tech\/2024\/07\/02\/crypto-exchange-kraken-is-considering-going-nuclear\/\">CoinDesk<\/a>.<\/p>\n<p>The manager highlighted a sharp increase in electricity demand from the artificial intelligence and high-performance computing sectors. <\/p>\n<p>Kraken also anticipates a boom in the DeFi sector and increased demand for its services as institutional adoption of digital assets grows. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe 24\/7 and global nature of cryptocurrencies means Kraken requires a constant energy supply, especially considering we handle a significant share of global trading volumes,\u201d said Patankar.<\/p>\n<\/blockquote>\n<p>According to him, these factors are prompting the exchange to explore how it can scale its business in terms of stable electricity access.<\/p>\n<p>Kraken is considering using small modular reactors (SMRs) to power its data centres. In January 2023, the U.S. Nuclear Regulatory Commission <a href=\"https:\/\/www.energy.gov\/ne\/articles\/nrc-certifies-first-us-small-modular-reactor-design\">certified<\/a> the first such device in the country, paving the way for commercial use. In Russia and China, SMRs are already <a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%9C%D0%B0%D0%BB%D1%8B%D0%B9_%D0%BC%D0%BE%D0%B4%D1%83%D0%BB%D1%8C%D0%BD%D1%8B%D0%B9_%D1%80%D0%B5%D0%B0%D0%BA%D1%82%D0%BE%D1%80\">operational<\/a> in the power grid.<\/p>\n<p>The company has yet to make a final decision but is leaning towards nuclear energy, as alternatives like wind or solar generation depend on weather conditions, Patankar clarified.<\/p>\n<p>Moreover, SMRs can be located directly on data centre premises, as they require little space and are unaffected by external factors. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cBackup nuclear power means Kraken can continue operations even during major local power disruptions,\u201d Patankar noted.<\/p>\n<\/blockquote>\n<p>The exchange is exploring the development of such projects at its facilities in North America and Europe.<\/p>\n<p>Nuclear energy is already actively used by bitcoin miners like CleanSpark and TeraWulf, although they focus on stationary <span data-descr=\"nuclear power plant\" class=\"old_tooltip\">NPPs<\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kraken is exploring the potential of nuclear energy to ensure stable power for its data centres. This was revealed by the cryptocurrency exchange&#8217;s CTO, Vishnu Patankar, in an interview with CoinDesk. The manager highlighted a sharp increase in electricity demand from the artificial intelligence and high-performance computing sectors. Kraken also anticipates a boom in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,193],"class_list":["post-14914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-kraken"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=14914"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14914\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/14913"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=14914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=14914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=14914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}