Oklo Inc. announced its 20 years commercial partnership with compass mining, the online marketplace for Bitcoin mining hardware and hosting. Oklo Partners With Compass to introduce advanced fission to supplement fossil fuels and to encourage diversity and sustainability in the energy sources used by miners.
Oklo’s advanced fission will provide clean, reliable, and affordable baseload power for Compass’ Bitcoin mining machines. In the first phase of partnership, Oklo will supply 150W of clean power to Compass.
Jacob DeWitte, co-founder and CEO of Oklo said,“We are proud to blaze new trails on the commercialization of our powerhouses by partnering with Compass in decarbonizing Bitcoin.” Oklo is the first advanced fission company to have its license to construct and operate a power plant be accepted for review by the U.S. Nuclear Regulatory Commission.
DeWitte added, “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.”
“Compass is thrilled to partner with a cutting-edge team like Oklo. Together we can push the Bitcoin mining industry forward into a new phase of cheap and reliable power from advanced fission. Every bitcoin miner understands the need for cheap, reliable power. Our team and clients are excited to partner with Oklo and redefine the energy landscape for cryptocurrency mining,” said Whit Gibbs, co-founder and CEO of Compass.
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Oklo’s path to deployment attempts to optimize its power plant designs to be cost-competitive with the cheapest forms of energy. Oklo’s advanced fission powerhouses can produce reliable power for up to 20 years without the need to refuel and have the capabilities to turn nuclear waste into clean energy.
This commercial project is upgradable and Oklo can add additional capacity to accelerate Compass’ sustainable mining efforts further while driving the economics of Bitcoin mining activities powered by advanced fission.
