Digihost and NANO Nuclear Partner for Carbon-Free Energy Solutions
MIAMI and NEW YORK – December 13, 2024 – Digihost Technology Inc. (NASDAQ/TSXV: DGHI), an energy infrastructure company specializing in data centers, and NANO Nuclear Energy Inc. (NASDAQ: NNE), focused on advanced nuclear energy solutions, today announced a Memorandum of Understanding (MOU) dated December 12, 2024. This agreement aims to advance the transition to carbon-free energy at Digihost’s 60-megawatt power plant located in upstate New York. The collaboration will incorporate NANO Nuclear’s advanced nuclear reactor technologies to provide clean, reliable, and scalable energy for Digihost’s high-tech operations, including AI-driven data centers and digital asset colocation programs. The MOU marks the start of a broader strategic relationship, positioning both companies as leaders in sustainable energy.
The non-binding agreement establishes a framework to foster public understanding and community support for nuclear energy. The focus is particularly on advanced nuclear technologies like NANO Nuclear’s ‘ZEUS’ and ‘ODIN’ portable microreactors. These reactors are designed to supply consistent, carbon-neutral baseload energy efficiently and safely. This collaboration represents a significant step toward zero-emission energy solutions for Digihost by transitioning existing power infrastructure to advanced nuclear energy. Initially, NANO Nuclear will assist in optimizing Digihost’s current gas power infrastructure to ensure energy stability. As the project progresses, NANO Nuclear will also provide consulting services, including regulatory advice, site assessment, roadmap development, and stakeholder engagement.
“The opportunity to collaborate with NANO Nuclear represents a bold move toward achieving our sustainability goals,” stated Michel Amar, CEO of Digihost Technology. “Leveraging NANO Nuclear’s technology could allow us to scale rapidly. This positions Digihost at the forefront of reliable, modular baseline power. It also enables Tier III HPC data centers in locations previously considered unfeasible.”
The deployment of NANO Nuclear’s advanced nuclear reactor technology is expected to replace Digihost’s existing infrastructure. This will further Digihost’s carbon neutrality commitment and ensure reliable baseload power for its expanding data center operations. The project timeline aligns with NANO Nuclear’s expectations for licensing and deployment, with reactor integration targeted for 2031. Before deployment, the companies will conduct a thorough site assessment, prepare the site, and develop a phased implementation strategy. They will also collaborate on the design, construction, testing, and commissioning of the microreactor power system, and work together on regulatory and licensing activities. Additional definitive agreements are planned to further solidify the partnership.
“This MOU with Digihost highlights the demand for innovative, clean energy solutions that will be required to meet the growing power demands of next-generation digital ecosystems, and NANO Nuclear’s ability to meet that demand,” said Jay Yu, Founder, Chairman and President of NANO Nuclear. “We look forward to leveraging our consulting expertise to help position Digihost as an industry leader in adopting innovative and sustainable energy solutions and optimize its use of current energy solutions in the leadup to a wholesale overhaul of its energy sources, and to further exploring opportunities with Digihost as we progress in the coming years towards licensing and deployment of our reactors.”
“We are excited to collaborate with Digihost to redefine energy solutions for high-tech industries,” said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. “This MOU marks a significant step toward delivering carbon-free, scalable energy while ensuring operational reliability. It also allows us to refine and adapt our approach to addressing large-scale energy demands that were previously outside the focus of our microreactors, equipping us with invaluable insights and data to improve the scalability of our power systems and expand our range of solutions in the future.”
