Oil Miners, Turn Crypto Miners.

TL;DR

• Tecpetrol is using excess gas from its oil mining process, to power its new crypto mining business.

Full Story

An oil company down in Buenos Aires just had an epiphany...

See, Tecpetrol is planning to drill at least 35,000 barrels of oil per day at its facility, and in that process, there's going to be a bunch of excess gas that's created.

But the infrastructure needed to capture, transport and sell that excess gas is expensive! Too expensive to justify building out.

So the company has just been burning (aka "flaring") the gas on site.

But here's Tecpetrol's new solution:

Instead of flaring the excess gas (which is akin to lighting cigars with hundred-dollar bills), the company is now putting it to work.

How? Crypto mining!

And yeah, we hear you! This ain't about to make crypto the poster child for sustainability (not by a long shot).

But hey, it's better to have them convert it into energy and mine crypto than simply watch it go up in smoke, straight into the atmosphere.

If 100% green renewable energy is the end goal, and this is just a stepping stone in that transition?

We can get behind it.