Exxon Is Using Its Excess Natural Gas To Mine Bitcoin

True Pundit March 29, 2022

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In a move that is surely going to be some type of new microaggression for environmental activists, Exxon has begun a pilot program to use its excess natural gas to power power cryptocurrency-mining operations.

The oil and gas supermajor has started to program using excess gas that would “otherwise be burned off from North Dakota oil wells”, according to a new report from Bloomberg. But the company has plans to potentially expand the idea globally, if it catches on and is found to be worthwhile.

Exxon has a new agreement with Crusoe Energy Systems, the report says, to use gas from an oil well pad in the Bakken shale basin to power mobile generators. The pilot project reportedly began in January 2021 and expanded in the summer of last year.

The mining operation uses “up 18 million cubic feet of gas per month” that otherwise would have been burned off or flared.. – READ MORE

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