Bitcoin Mining and Natural Gas Exploration – An Unlikely Union

What do bitcoin mining and oil and gas exploration have in common? Aside from common geology language, the two seem completely different, but the truth is, they can both be pretty stressful on the environment. 

For years, oil and gas operators have been plagued with difficulties when trying to find suitable pipelines for natural gas. Sometimes, the nearest pipelines are 10s of miles away and would cost exorbitant amounts of money to tie into, and other times, they are antiquated and won’t hold up to regular use. As a result of these issues and more, operators have been forced to flare the natural gas in hopes that they’ll eventually deplete the gas layer and be able to produce the oil that may be sitting below it in the formation. We know that burning natural gas pumps more CO2 into the atmosphere, so the practice seems impractical and wasteful.

In the meantime, Texas’ laws have made it easier for bitcoin mining companies to set up their operations there, but they take a heavy toll on the energy grid. With ERCOT’s instability during inclement weather, it seems unwise to add this extra pressure. 

Perhaps the solution is obvious at this point. Simply utilize the stranded natural gas as a fuel source for the bitcoin mines, and that’s exactly what EnergyFunders’ CEO, Laura Pommer, has done with her team. 

Not only does this have the benefits outlined above, it also provides EnergyFunders investors the opportunity to accumulate bitcoin at potentially below-market rates since EnergyFunders’ funds own the facilities and mining equipment. Take some time to read more about Laura and EnergyFunders here. 

Interested in taking advantage of this amazing opportunity? Click here to invest in the Bitcoin Discovery Fund I. EnergyFunders has already begun to deploy capital and aims to close the fund soon. Don’t miss out!