Stock Track | Nano Nuclear Energy Inc. Soars 5% on Nuclear Power Plant Deal

Stock Track12-13

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment