An increase in the number of oil-crypto partnerships has been seen in both the U.S. and Russia – the world’s biggest oil flarer.

Just three years ago, many crypto innovators were laughed out of the room for suggesting to oil and gas firms that they would help them cut their carbon emissions and save money by repurposing waste gas for crypto mining. Digital currencies were simply too volatile to take this suggestion further. Fast-forward three years, several projects across the U.S. and other countries are already up and running, sending carbon emissions down and crypto profits up.