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Bitcoin mining operations are facing hits across the world due to its energy consumption and environmental impacts. Reportedly, Exxon Mobil Corp. has recently announced that the firm is participating in a pilot program that leverages excess natural gas to power cryptocurrency mining machines. Furthermore, some reports suggest that the oil giant is partnered with the firm Crusoe Energy Systems, and the pilot is purportedly taking place in the North Dakota Bakken shale basin.
Bitcoin mining operations using flare gas
Largest American oil and gas corporation is participating in a BTC mining project with access gas. According to a recent Bloomberg report, people familiar with the matter have highlighted that currently Exxon Mobil is working with Crusoe Energy Solutions in the state of North Dakota.
Exxon provides oil and gas firms with a digital solution to natural gas flaring. Some oil firms have found ways to convert the flare gas into useful energy. Here Crusoe Energy is helping crypto miners to use the flare gas for Bitcoin mining operations.
Furthermore, the reports have highlighted that the gas firm is taking place at an oil pad located near the Bakken shale basin. The BTC servers that are be9ing used in the pilot program are operating on site. Also the anonymous individuals have unveiled that Exxon is considering adding pilot programs that leverage flare gas to mine crypto in four different countries.
Conocophillips Sold Excess Flare Gas to Mining Operations
Large gas firms are operating Bitcoin mining and reports shedding light on specific firms. According to an old data by Arcane Research, the firm leaked some screenshots from the publicly traded energy plant Equinor. The Norwegian company was working with Crusoe Energy Solutions.
