Exxon Is Mining Bitcoin With Excess Gas: Report

[ad_1]

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.

[ad_2]

Source link .

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Want To Stay Updated On the Latest Crypto News? Get the all the important news in Crypto, NFTs & all things Metaverse Instantly! No Yes