Instead of Flaring Cheap Permian Natural Gas, Could It Be Used to Power Bitcoin Mining Rigs?

Could turning flared gas in Texas's Permian Basin into electricity to power bitcoin mining be a solution for shale producers?One analyst raised the idea as the oil-rich Permian has become one of the worst natural gas markets in the U.S., given a pipeline shortage that's leaving gas trapped in the region. The basin could add an "astounding 25 bcfd of wet gas to 2025, which will mostly be treated as a byproduct based on oil price and possibly even flared! What could producers do instead with this free gas?" Bernstein analysts led by Jean Ann Salisbury ponder in a note to clients.  Continue reading...

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