Bitcoin miners are striking partnerships with struggling nuclear-power plants that have an overabundance of electricity in an effort to take advantage of carbon-free power sources.
The Wall Street Journal reports the relationship is mutually beneficial for nuclear plants, which are facing competition from cheaper power sources and need new customers.
Among these companies is Talen Energy Corp., which has entered into a joint venture with Bitcoin-mining company TeraWulf Inc., which has undertaken land development for a giant mining facility next to its Pennsylvania nuclear plant.
Beginning in December, a Standard Power mining center in Ohio will begin using power from nuclear generator Energy Harbor Corp., and power startup Oklo Inc. is scheduled to provide advanced fission to Bitcoin mining firm Compass Mining, according to Business Standard.
“Bitcoin is a huge market opportunity for clean-energy generation, especially looking
