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Ukraine plans nuclear-powered block reward mining facility Tech
The government of Ukraine is contemplating investing in a new block reward mining facility, to take advantage of an excess of nuclear power being generated in the country.
Ukraine’s Ministry of Energy is reportedly planning the mining center, which could consume as much as two to three gigawatts of energy per day.
The deputy energy minister for digital development, Yevhen Vladimirov, met with ministry officials, as well as private sector partners, to discuss the early stage proposals. State-owned nuclear energy firm Energoatom and mining hardware manufacturer Hotmine were also invited to participate in the talks.
Ukrainian uranium mines shut down amidst protest wave, threatening radioactive contamination
Three uranium mines have been shut down in the Kirovohrad region of central Ukraine over disputed payments between the state nuclear energy company Energoatom and the state-owned enterprise operating the mine, Eastern Mining and Processing.
As a result of the alleged nonpayment, approximately 5,000 miners have been placed on unpaid leave. They are still owed approximately $5 million in months of back pay. The shuttering of the mines could also lead to an ecological catastrophe if the mines lose power and water pumps fail to operate, creating a toxic mixture of radioactive uranium-contaminated groundwater that could spread throughout the vast river systems of central Ukraine.