Bitcoin Miners Seek to Go Nuclear to Address Environmental Woes

July 14, 2021, 2:00 PM

Amid a heated debate over Bitcoin’s environmental toll, two companies say they have an answer on mitigating some of the negative effects: Nuclear energy.

Power startup Oklo Inc. said it’s partnering with Bitcoin mining and hosting firm Compass Mining to introduce advanced fission to the energy-intensive process of minting new coins. It’s an effort, the companies say, to reduce fossil-fuel emissions from Bitcoin mining and to diversify energy sources used by the miners, who compete to verify transactions in exchange for new coins.

“Bitcoin is a huge market opportunity for clean energy generation, especially looking forward for new generation systems,” ...

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