Energy companies with strong balance sheets and steady cash flows are likely to consider getting exposure to the Bitcoin mining industry. Acquiring a Bitcoin mining company would enable them to always have an energy buyer of last resort (a hedge against lower energy prices), and it would enable them to capitalize on an upcoming Bitcoin bull run.

As Bitcoin matures and ASICs commoditize, the energy industry and Bitcoin mining industry are more and more likely to merge. Miners need the cheapest energy and energy producers usually have excess wasted energy during certain times of the day.

In summary, Bitcoin miners are cheap, and it’s very logical for an energy company to get exposure.