US nuclear site plans 1 gigawatt data center, and crypto miners should pay attention

The DOE is constructing a 1 GW data center at the Savannah River Site, supported by 2 GW of energy generation, transitioning from natural gas to nuclear power. Meanwhile, Morgan Stanley reports that the Treasury basis trade has plateaued near $1 trillion after shedding over $200 billion in positions. These developments are noted as significant for crypto miners and crypto markets, reflecting shifts in energy infrastructure and hedge fund bond trading strategies.