The Brazilian oil giant launches a project to convert surplus natural gas into energy for Bitcoin mining.

Brazilian oil giant Petrobras has announced a project to utilize excess natural gas, a byproduct of oil extraction, to power Bitcoin mining activities.

The initiative involves collaboration with academic institutions, including Universidade Petrobras and the Pontifical Catholic University of Rio de Janeiro. Petrobras’ Cenpes research center will lead the project, exploring not only Bitcoin mining but also potential blockchain applications across the company’s various operations.

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