Nuclear energy seems more and more likely to become the future of large scale power generation. And data centre operators are starting to ramp up their bets.

‍What’s happening:‍

• Digihost Technology (NASDAQ: DGHI) and NANO Nuclear Energy (NASDAQ: NNE) have entered into a new collaboration to build and install a microreactor to provide nuclear power at Digihost’s New York based power plant
  

Why it matters:‍

• Technology giants such as Google (NASDAQ: GOOG), Microsoft (NASDAQ: MSFT) and Amazon (NASDAQ: AMZN) have all been getting serious about nuclear power deals to provide electricity to their new data centres amidst a push to scale up their computing infrastructure due to the boom in artificial intelligence
  
• Sam Altman backed nuclear energy company Oklo (NYSE: OKLO) also just recently cut a new deal with multiple data centre operators to install their flagship Aurora powerhouses directly on location to generate zero carbon electricity
  

Going deeper:‍

• Digihost Technology is aiming to fully transition to zero carbon emission energy infrastructure to power their data centres which host GPUs for high performance computing as well as Bitcoin mining hardware
  
• NANO Nuclear Energy also just recently raised yet another large financing round, which gives them more than a hundred million dollars in growth capital to advance their nuclear reactor technology
  

The fine print:‍

• It remains unclear when exactly microreactor technology will actually be able to provide electricity to data centres and NANO Nuclear Energy and Digihost have publicly stated they don’t anticipate their new collaboration will become operational for many more years as a consequence of both technical and regulatory challenges

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