Ukraine Ministry of Energy Wants to Use Nuclear Power Plants to Mine Crypto

written by

nuclear crypto mining

Support free journalists: > send a tip

  • Crypto mining can turn excess nuclear power into profits

Global energy use has drastically declined amid the coronavirus pandemic, causing oil prices to drop towards zero, and crippling the energy sector in general. However, nuclear power plants are continuing to produce electricity at the same rate, resulting in a massive energy glut in addition to the potential that some energy will have to be wasted because the grid is at capacity. The Ukraine Ministry of Energy thinks this problem could be solved with crypto mining.

Essentially, cryptocurrency mining operations could be set up in regions that have nuclear energy, and these mining farms can turn excess nuclear energy into profits, rather than the current situation where energy is going to waste.

Further, attracting crypto mining farms will stimulate the economy, by leading to new crypto mining businesses and new jobs.

Apparently, Ukraine is quite serious about this, and the Head of the Ukraine Ministry of Energy has requested that the state-run energy company Energoatom study how to implement crypto mining at nuclear facilities by 8 May. is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.

Follow on Twitter: @bitcoinnewscom
Telegram Alerts from

Image Courtesy: Pixabay

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter