The report notes the largest American oil and gas firm Exxon Mobil is participating in piloting a bitcoin mining project with excess gas.
) is participating in piloting a bitcoin mining project with excess gas. Malik wrote that “people familiar with the matter” told Bloomberg that they could not be named because the information is not public. However, the people who asked to not be named said that currently, Exxon Mobil is working withCrusoe Energy is a firm that provides oil and gas companies with a digital solution to natural gas flaring.
“Exxon, the largest U.S. oil producer, is considering similar pilots in Alaska, the Qua Iboe Terminal in Nigeria, Argentina’s Vaca Muerta shale field, Guyana and Germany, one of the people said,” Malik’s report notes. Although, Malik contacted Crusoe Energy about the story and the reporter said the company “declined to comment.
There have been other times where there’s speculation abound concerning large gas companies mining bitcoin and reports shining a light on specific companies. In August 2020, Arcane Researcha number of screenshots from the publicly traded energy firm, Equinor. According to the report, the Norwegian state-owned energy company Equinor was also working with Crusoe Energy Solutions.
Numerous oil and gas companies operate near the Bakken shale basin. While the area is in North Dakota it is also located in Montana, and the Canadian provinces Saskatchewan and Manitoba. In addition to Equinor and Exxon, reports in mid-February indicated that Conocophillips was allegedly “selling extra flare gas to bitcoin miners in North Dakota.” Thesaid that Conocophillips also was working on a pilot in the Bakken shale basin region. CNBC author MacKenzie Sigalos wrote that Conocophillips did not disclose “which bitcoin miner it sells to, nor how long the pilot project has been underway.
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