Exxon Mobil puts its wasted 'flare gas' to good use. By mining bitcoin?

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What does this mean for methane emissions? 🤔

often burned off by drillers because, in addition to it being an environmental hazard, drillers are also burning money.

“This is just a great way to bring that demand to the wasted energy and solve two problems at once,” told Cully Cavness, president of Crusoe. “Solve the energy appetite of bitcoin and solve the stranded energy, flare gas problem for the energy industry.” “We’re really moving the needle on flared volumes,” Cavness said. “More than 10 million cubic feet of gas per day that would be flared is not flared because we’ve deployed our systems.”

 

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