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Oil Companies In The Middle East To Use Excess Gas For Bitcoin Mining; Report

• Zero Hedge

Authored by Shawn Amick via BitcoinMagazine.com,

Crusoe, a bitcoin mining company, is deploying equipment in Muscat, Oman to capture flared gas.

The Oman Investment Authority in the Middle East was part of an April funding round that saw Crusoe raise $350 million.

The MENA region accounts for 38% of the world's flared gasses.

Crusoe Energy, a U.S. firm that specializes in using excess natural gas for bitcoin mining, will begin deploying generators and mining equipment to capture flared gas in Muscat, Oman as the Middle East looks to cut its emissions, according to a report from Bloomberg.


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