Californian nuclear energy provider partners with bitcoin mining firm Compass
In another bid to decarbonize Bitcoin, the Californian nuclear power plant Oklo announced its 20-year partnership with the bitcoin mining firm Compass on Wednesday, according to a release .
The first phase of the partnership beginning in the “early 2020s” will involve Oklo providing Compass 150MW of nuclear-generated energy for bitcoin mining.
“Cryptocurrency mining offers promising pathways to accelerate the deployment of clean energy technologies, and Oklo is positioned to respond to commercial demands by offering end-users the convenience of buying clean, reliable, and cost-effective power that they can depend on,” said Oklo’s co-founder and CEO Jacob DeWitte in the statement.
In addition to this new Oklo-Compass clean bitcoin initiative, nuclear energy will also power bitcoin mining in Ohio starting this December.
