Texas-based major oil and gas corporation Exxon Mobil is processing a pilot program using natural gas surplus to fuel crypto mining processes. A Bloomberg news article, citing people standing close to the subject, says the company considers doing the same in different places worldwide.
Related: Bitcoin mining difficulty drops for the first time since November 2021
Exxon Mobil has built a partnership with Crusoe Energy Systems, a software company focused on the energy sector. The joint work suggests taking gas from an oil well pad to power mobile devices that are used to run BTC mining servers.
The study started in Jan 2021 and expanded in summer. It uses up 18 M cubic feet of gas in a month that would’ve been burned as a result of the not sufficient number of pipelines.
According to the source, Exxon plans similar pilots in Alaska, Nigeria, Argentina, Guyana, and Germany.
Media Relations Advisor at Exxon told Bloomberg the company aims to continuously evaluate new technologies and reduce operational extractions. However, she didn’t comment on the news related to the pilot experiment.