Amid Colorado's Gas Flare Ban, Report Shows Half Dozen Gas and Oil Firms Are Raking in a Lot of Bitcoin – Bitcoin News

A recent report shows that roughly a half dozen Colorado oil and gas companies are leveraging gas to bitcoin flare mitigation systems.

Amid Colorado's Gas Flare Ban, Report Shows Half Dozen Gas and Oil Firms Are Raking in a Lot of Bitcoin

Report Shows at Least a Half Dozen Colorado-Based gas and Oil Firms Are Leveraging Gas-to-Bitcoin Mitigation Solutionson Colorado-based gas and oil companies teaming up with bitcoin miners and explaining how “they’re making quite a bit of coin.” Jaffe details that there are at least a half dozen oil and gas refiners using gas-to-bitcoin flare mitigation systems in the natural gas-rich state of Colorado.

If an oil and gas firm cannot comply with the regulations, the COGCC will shut the operations down. Jaffe’s report explains that the COGCC is aware of these gas and oil firms leveraging gas-to-bitcoin solutions. A COGCC spokeswoman, Megan Castle, told the Colorado Sun journalist that “it is definitely on our radar.”

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