Shares of Nano Nuclear Energy Inc. (NNE) soared 5.15% in pre-market trading on Friday, likely boosted by the company's partnership with Digihost Technology to deploy its advanced nuclear microreactor technology at Digihost's 60 megawatt power plant in upstate New York.
Under the deal, Nano Nuclear will work to integrate its portable "ZEUS" and "ODIN" microreactors to provide carbon-neutral baseline energy for Digihost's data centers and digital asset operations. The collaboration positions Nano Nuclear at the forefront of delivering innovative and sustainable energy solutions to meet the growing power demands of cutting-edge digital ecosystems.
The move comes as major technology companies are increasingly turning to nuclear power to fuel their massive electricity needs, including for resource-intensive applications like cryptocurrency mining and artificial intelligence development. With its advanced microreactor technology, Nano Nuclear stands to benefit from this rising demand for clean and reliable energy sources.
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