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While agriculture is the largest source of anthropogenic methane emissions, the energy sector is a close second.
A significant chunk of these emissions comes from flaring in the oil and gas sector. When an oil company drills a well, natural gas is often produced as a by-product. If the company can’t transport that gas to market, the excess gas is combusted - or flared.
Crusoe Energy, a Denver-based early-stage computing company, claims to have the solution to this flaring reduction conundrum: Bitcoin mining. By using excess gas from oil production to power crypto mining, Crusoe cuts flaring - and thus methane emissions.
Compared to pipeline buildout, compressed natural gas, or liquefaction, Crusoe’s mobile, modular data centers require less time and money.