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Exxon Is Mining Bitcoin With Excess Gas: Report

The largest U.S. oil producer Exxon Mobil is contemplating increasing its North Dakota bitcoin mining pilot program to additional cut back the amount of pure gasoline it routinely burns off or flares into the ambiance, Bloomberg reported Thursday.

People accustomed to the matter informed the information outlet that the oil big has an settlement with Crusoe Energy Systems to redirect gasoline that will in any other case be wasted from an oil effectively pad to cell bitcoin mines. The report mentioned the pilot mission launched in January 2021 in North Dakota’s Bakken and expanded in July; now, it consumes up to 18 million cubic toes of gasoline per 30 days that Exxon couldn’t in any other case monetize.

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