nuclear-news

The unholy alliance – nuclear power and bitcoin

Oklo to power bitcoin mining machines, WNN, 15 July 2021  Oklo Inc has announced a 20-year commercial partnership with Compass Mining, the world’s first online marketplace for bitcoin mining hardware and hosting. Oklo’s “advanced fission powerhouses” will provide clean, reliable and affordable baseload power for Compass’ Bitcoin mining machines, starting in the early 2020s.

Oklo, which is the first advanced fission company to have its licence to construct and operate a power plant be accepted for review by the US Nuclear Regulatory Commission (NRC), says it is committed to supplying at least 150 megwatts of power to Compass in the first phase of this partnership, “helping drive the sustainability” of Bitcoin mining practices………..

California-based Oklo has received a Site Use Permit from the US Department of Energy, demonstrated a prototype of its metallic fuel, was awarded fuel material from Idaho National Laboratory (INL), and developed the first advanced fission combined licence application, which completed acceptance review and was docketed by the NRC.

Oklo’s proposed Aurora reactor design is a fast neutron reactor that uses heat pipes to transport heat from the reactor core to a supercritical carbon dioxide power conversion system to generate electricity. Using metallic high-assay low-enriched uranium (HALEU) fuel,…..,,   https://www.world-nuclear-news.org/Articles/Oklo-to-power-Bitcoin-mining-machines

July 16, 2021 - Posted by Christina Macpherson | Uncategorized