CandleFocus From Oilfields to Crypto Fields: Halliburton Invests in Bitcoin Mining Startup
2024-12-21
Author: Content Editor
Halliburton, the world's second-largest oilfield services firm, has invested in Austin-based startup 360 Energy to enter the bitcoin mining space. 360 Energy specializes in converting stranded and flared natural gas into power for modular bitcoin mining data centers, providing a way for oilfield owners to generate revenue while minimizing environmental harm. The collaboration aims to boost off-grid mining capabilities and widen the application of 360 Energy's In-Field Computing technology. By harnessing stranded and flared natural gas for bitcoin mining, previously wasted resources can be converted into a source of value, benefiting both the gas industry and the environment.
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