Canadian Company Commissions 3 Bitcoin Mining Units to Restart Oil Well

Bitcoin.com | Nov 17, 2019 at 2:55 PM
  • A nascent industry utilizing flared gas to power bitcoin mining units has been developing over the past year or so.
  • It allows oil companies to buy or rent modular datacenters that can be installed at production facilities venting or flaring natural gas.
  • Regulations in the province do not allow oil companies to continue production if the vented natural gas volume exceeds a certain limit of 500 m3/day.