The nuclear sector is increasingly turning to small modular reactors (SMRs) as a viable solution for on-site power generation.
These reactors, while promising for applications in artificial intelligence and cryptocurrency mining, require substantial upfront investment and carry certain uncertainties due to their newness.
Google has partnered with Kairo Power to build seven SMRs across the U.S., with the first expected to be operational by 2030 and all completed by 2035. This initiative aims to harness 500 megawatts of clean energy to support Google’s AI needs, despite lingering safety concerns from past nuclear incidents.
SMRs are notable for their compact size, enhanced safety, cost-effectiveness, and flexibility for various installations, generating up to 300 megawatts of power. Although challenges such as high initial costs hinder nuclear power’s adoption in crypto mining, SMRs could attract miners looking for sustainable energy solutions.
Overall, Google’s collaboration with Kairo Power could transform the energy landscape for both AI and cryptocurrency mining, showcasing the potential of SMRs in meeting modern energy demands.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.
Ric Edelman, one of the most influential voices in personal finance, has radically revised his stance on crypto allocation. After years of cautious optimism, he now believes that digital assets deserve a far larger share in investment portfolios than ever before.
In the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the defense has asked the Federal Court for the Southern District of New York to extend the deadline for pretrial filings by two weeks, pushing it beyond the original date of July 1, 2025.
Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.