Will Canny is CoinDesk's finance reporter.
The crypto exchange is looking to partner with energy providers that can supply small modular reactors. and increased demand for its services, the company’s chief technical officer, Vishnu Patankar, said in an exclusive interview with CoinDesk.
“With institutions moving into the crypto asset class and activity moving on-chain, the need for reliable fiat onramps continues to grow,” Kraken’s CTO said. “Bolstering our energy resiliency means we strengthen a direct avenue into the crypto ecosystem, supporting its continued growth.” Surging demand from power-hungry AI companies has seen bitcoin miners pivot away from crypto mining to supplying infrastructure for these firms. Core Scientific signed a“A nuclear backup means Kraken can continue to operate even if there was major disruption to local energy supply,” Patankar said, noting that “it adds redundancy and protects our energy resiliency so we can continue to offer round-the-clock products and services to our clients globally.
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