BUZZ-NANO Nuclear Energy rises on deal with bitcoin miner for microreactor installation

Reuters
2024-12-13
BUZZ-NANO Nuclear Energy rises on deal with bitcoin miner for microreactor installation

** Shares of NANO Nuclear Energy NNE.O rise 4.4% to $24.11

** Company signs agreement with bitcoin miner Digihost Technology DGHI.V to establish microreactor at DGHI's 60 megawatt upstate New York power plant

** NNE will help optimize Digihost’s gas power infrastructure to ensure energy stability while nuclear power is deployed

** NNE will also provide consulting services such as regulatory advice, site assessment, roadmap development and stakeholder engagement to Digihost

** "Deployment of NANO Nuclear’s advanced nuclear reactor technology is expected to replace Digihost’s existing infrastructure ... with reactor integration targeted for 2031" - company

** Since it began trading in May this year, stock is up about 346%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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