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Oklo Stock Surges on Meta Energy Deal Amid AI Power Demand

Oklo Stock Surges on Meta Energy Deal Amid AI Power Demand

Author:

Global Cryptocurrency

Published:

2026-01-12 11:01:02

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BTCCSquare news:

Oklo shares rallied 8% Friday after securing a prepayment agreement with Meta Platforms to supply power for AI data centers. The nuclear technology company will receive funding for its 1.2-gigawatt Ohio project, accelerating development of a facility expected to come online by 2030.

Meta's commitment highlights the growing energy crisis facing AI developers. With data centers consuming unprecedented electricity, tech giants are locking in diverse power sources—including next-generation nuclear solutions—to meet demand.

Despite zero current revenue and pending regulatory approvals, Oklo's market valuation has tripled in twelve months. The deal provides crucial capital for fuel procurement and site development, though significant execution risks remain before operational deployment.

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