Exxon Mobil is using excess natural gas to power crypto mining: Report

by Aurelia Butler 24 March 2022, 22:40 99 Views

In a Thursday report, Bloomberg said Exxon Mobil had inked a deal with Crusoe Energy to use excess gas from oil wells in North Dakota to run Bitcoin (BTC) miners. The project reportedly uses 18 million cubic feet of natural gas per month — roughly 0.4% of the oil giant’s reported operations in the state, producing 158 million cubic feet of natural gas each day.

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Source: Cryptocurrency - investing.com

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Exxon Mobil is using excess natural gas to power crypto mining: Report

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