CRUSOE ENERGY WILL OFFER OIL PRODUCERS TO USE NATURAL GAS SURPLUS FOR MINING CRYPTOCURRENCIES

Crusoe Energy Systems has announced the development of mobile modular data centers that can be used for mining cryptocurrencies, consuming the excess gas remaining in oil production.

It is reported that with the help of such mobile data centers, companies producing oil will be able to stop burning gas surpluses and use it for mining cryptocurrencies. It will also reduce emissions of carbon dioxide, volatile organic compounds and nitrous oxide immediately by 99%.

“We are striving to develop new technologies to reduce emissions from gas flaring that can cope with the large flow of gas that is generated by shale oil producers in North America. Crusoe technology makes it possible to use energy wasted in vain for growing industries that require energy-intensive computing. For example, for the spheres of blockchain and artificial intelligence, ”said co-founder and head of Crusoe, Chase Lochmiller.

The company has already received more than $ 4.5 million investment in the development of appropriate equipment.

v

The post CRUSOE ENERGY WILL OFFER OIL PRODUCERS TO USE NATURAL GAS SURPLUS FOR MINING CRYPTOCURRENCIES appeared first on Bitcoin News.

from Bitcoin News https://www.cryptocynews.com/crusoe-energy-will-offer-oil-producers-to-use-natural-gas-surplus-for-mining-cryptocurrencies/
via Bitcoin News
via Bitcoin News Today