Jan van Eck, CEO of VanEck, suggests that increasing nuclear power capacity could lower electricity costs, benefiting both the AI sector and Bitcoin miners. The core argument is that cheaper, reliable energy is a shared requirement for both industries, potentially reducing the need for miners to sell their Bitcoin holdings to cover operational expenses.
The US government has set a goal to quadruple nuclear energy output over the next 25 years, supported by bipartisan initiatives. A practical example of this trend is the agreement between Microsoft and Constellation Energy to restart a reactor at Three Mile Island ahead of its original schedule.
Matthew Sigel, head of digital assets research at VanEck, notes that Bitcoin miners possess valuable power contracts and infrastructure that are increasingly sought after by AI and high-performance computing firms. He suggests that miners could diversify their revenue by providing services to these sectors, thereby decreasing their reliance on selling Bitcoin.
VanEck maintains financial interests in both sectors, managing Bitcoin investment products and a nuclear-focused fund. The VanEck Uranium and Nuclear ETF (NLR) saw its value rise by approximately 40% over the past year and reached $2.8 billion in assets by the end of 2025.
