Exxon Is Mining Bitcoin With Excess Gas: Report


The biggest U.S. oil manufacturer Exxon Mobil is thinking about broadening its North Dakota bitcoin mining pilot program to even more lower the volume of gas it regularly burns or flares into the environment, Bloomberg reported Thursday.

People acquainted with the matter informed the news outlet that the oil giant has an arrangement with Crusoe Energy Systems to reroute gas that would otherwise be squandered from an oil well pad to mobile bitcoin mines. The report stated the pilot job released in January 2021 in North Dakota’s Bakken and broadened in July; now, it takes in approximately 18 million cubic feet of gas each month that Exxon could not otherwise generate income from.


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