Microsoft’s Bold Move: Tapping into Nuclear Power to Fuel AI Infrastructure

In a groundbreaking development, Microsoft has signed a historic agreement with Heavenly Body Energy Company to revive the Three-Mile Island nuclear power plant in Pennsylvania, aiming to supply clean energy for its growing AI operations. The 20-year deal focuses on restoring Reactor Unit 1 and transforming it into the “Crane Clean Energy Hub,” further strengthening…

By Andrej Kovacevic 23rd September 2024

IMF Executives Propose 85% Increase in Electricity Costs for Crypto Mining

Despite several reports indicating that more than 50% of the energy used in Bitcoin mining is sourced from clean energy (such as a report from Cambridge University), two International Monetary Fund (IMF) executives have proposed an 85% increase in electricity costs for crypto mining operations. The primary objective of this proposed substantial increase in costs…

By Andrej Kovacevic 17th August 2024

Bitcoin 2024: Digital Mining and Its Role in the Energy Transition

During the Bitcoin 2024 Conference held in Nashville, it was evident that digital mining remains a crucial element. The stability of the Bitcoin blockchain network, and by extension the entire crypto sector, is linked to the performance of this industry. Considering this, a group of Bitcoin mining industry heavyweights shared the stage at the conference.…

By Andrej Kovacevic 29th July 2024

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