Nuclear technology could be heading to a cryptocurrency mining plant in North Tonawanda

A new collaboration between the two companies could bring nuclear technology to a cryptocurrency mining plant in North Tonawanda.

The memorandum of understanding signed between Digihost and NANO Nuclear in December aims to bring nuclear reactor technology to Digihost’s existing cryptocurrency mining plant on Erie Avenue.

Reports revealed that after the partnership, a number of North Tonawanda residents went to the mayor’s office to confirm whether nuclear technology was indeed heading to the area.

Carbon-free energy

Mayor Austin Tylek stated development It raises some concerns when anyone hears about nuclear weapons. “Right now, we’re really digging into the details. There’s not a lot of information,” Tylek said.

The partnership aims to advance the transition to zero-carbon energy at Digihost’s 60-megawatt power plant in upstate New York.

Michel Ammar, CEO of Digihost Technology, said that the opportunity to cooperate with… Nuclear nano It represents a bold step towards achieving our sustainability goals.

“By leveraging NANO Nuclear’s advanced nuclear reactor technology, we gain the potential ability to rapidly expand across our existing energy assets following a successful initial deployment. This collaboration places Digihost at the forefront of providing reliable and trustworthy services.” units Ammar added: “The core energy enables the development of Tier 3 data centers for high-performance computing in locations that were previously considered infeasible.”

The announcement comes six months after the North Tonawanda Common Council voted to approve a two-year moratorium on all cryptocurrency mining projects in the city, which was passed unanimously in July. Tylec said North Tonawanda does not currently have any zoning categories to regulate something like NANO Nuclear. He plans to work with local environmental activities and neighboring municipalities to change that WIVB.

However, Tylek also confirmed that the target date for reactor integration would not be until 2031. He said he would use this time to make sure all residents’ questions are answered and all concerns are heard, according to the British Daily Mail. a report.

Strategic move

This strategic move also allows NANO to capitalize on the rapidly expanding Tier 3 data center market, strengthening our leadership in the industry,” Ammar stressed.

The companies revealed that the deployment of NANO Nuclear’s advanced nuclear reactor technology is expected to lead to this replace Digihost’s existing infrastructure, reinforcing Digihost’s commitment to carbon neutrality and providing reliable baseload power for Digihost’s expanding data center operations.

The project timeline is consistent with NANO Nuclear’s overall licensing and deployment expectations, with reactor integration within Digihost’s operations targeted for 2031, according to the recent announcement.

Prior to deployment, the two companies will conduct a comprehensive evaluation of the Digihost site, initiate site preparation and develop a comprehensive and phased implementation strategy, collaborate on the design, construction, testing and operation of an advanced small reactor power system, and work together on regulatory and licensing activities. The companies will also look to commemorate their relationship with the definitive agreements, according to A press release.

Collaborating with Digihost to redefine energy solutions for high-tech industries, said James Walker, CEO and Head of Reactor Development at NANO Nuclear Energy.

Walker stressed that the memorandum of understanding represents an important step towards providing carbon-free, scalable energy while ensuring operational reliability.

“It also allows us to improve and adapt our approach to meet large-scale energy requirements that were previously outside the focus of our small reactors, providing us with invaluable insights and data to improve the scalability of our energy systems and expand the scope of our energy solutions. “The future,” Walker added. .