Oklo Inc, has recently entered a 20-year commercial partnership with Compass Mining, the world’s first online marketplace for all your Bitcoin mining needs.
As the power consumption of Bitcoin mining grows, the partnership aims to introduce advanced fission to supplement fossil fuels and promote diversity and sustainability in the energy sources utilized by miners.
From early 2020s onwards, Oklo’s advanced fission powerhouses will supply Compass’s Bitcoin mining machines with clean, reliable, and affordable baseload power. Compass will be receiving at least 150MW of clean power in the first phase of this partnership.
Cryptocurrency mining offers promising pathways to accelerate the deployment of clean energy technologies, and Oklo is positioned to respond to commercial demands by offering end-users the convenience of buying clean, reliable, and cost-effective power that they can depend on.
Jacob DeWitte, Co-founder and CEO of Oklo
Oklo is the first advanced fission company to have its license to build and operate a power plant be accepted by the US Nuclear Regulatory Commission.