0 sats \ 1 reply \ @BTCMiner OP 1 Jun 2022 \ on: Oil Companies In The Middle East To Use Excess Gas For Bitcoin Mining: Report | Bitcoin Mining bitcoin
The pilot for the first Middle Eastern deployment is expected to launch by the end of the year or early 2023.
“Oman is committed to reduce greenhouse gases in line with the Paris climate agreement”.
The Oman government reportedly signed on with the World Bank to end routine flaring by 2030, and invested in Crusoe last year. Oman increased its stake in the company this past April.
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0 sats \ 0 replies \ @BTCMiner OP 1 Jun 2022
Here is the article from Bloomberg, referenced in the Bitcoin Magazine article:
Denver-based Crusoe will open an office in Muscat, Oman, to help deploy power generators and mining equipment for capturing gas at well sites
The Middle East and North Africa account for about 38% of the world’s flaring -- the burning of excess natural gas from oilfields.
Oman Backs U.S. Firm Mining Crypto to Cut Natural Gas Flaring https://www.bloomberg.com/news/articles/2022-06-01/oman-backs-u-s-firm-mining-crypto-to-cut-natural-gas-flaring https://archive.ph/bGtkL
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