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

Digi Power X

13/12/2024 15:39

** 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;))