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      VanEck CEO Advocates for Nuclear Power to Support AI and Bitcoin Mining

      Jan van Eck, CEO of VanEck, has proposed that increasing nuclear power approvals could significantly benefit both the artificial intelligence (AI) sector and Bitcoin mining operations. He argues that the availability of cheaper electricity from new nuclear facilities would enhance the economic viability of AI technologies while simultaneously reducing the pressure on Bitcoin miners to sell their assets.

      In a September 2025 interview, van Eck highlighted a notable shift in U.S. policy favoring nuclear energy, driven by rising electricity demands from AI data centers and cryptocurrency activities. He pointed to bipartisan support for nuclear initiatives, including a plan to quadruple U.S. nuclear output over the next 25 years. The recent agreement between Microsoft and Constellation Energy to expedite the restart of a reactor at Three Mile Island serves as a practical example of this trend.

      Matthew Sigel, head of digital assets research at VanEck, noted that Bitcoin miners possess significant power contracts and infrastructure, positioning them favorably in the energy market. He indicated that as AI demand increases, miners may rely less on selling Bitcoin to cover operational costs, which could lead to a decrease in market supply. Sigel observed signs of seller fatigue among miners in October 2026, suggesting that the structural value of their power assets is becoming more pronounced as AI contracts emerge.

      VanEck's involvement in both the nuclear and cryptocurrency sectors is noteworthy, as the firm manages Bitcoin investment products alongside a nuclear-focused fund. The VanEck Uranium and Nuclear ETF reportedly saw a 40% increase in value over the past year, attracting approximately $2.8 billion in assets by the end of 2025. The outcomes of nuclear approvals and the extent of AI contracts signed by miners will be critical factors to monitor in the coming months.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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