ConocoPhillips is selling natural gas that would have been otherwise flared to a third-party Bitcoin miner in the Bakken in North Dakota, the U.S. oil and gas producer said this week. ConocoPhillips has one pilot project in Bitcoin mining currently in operation in the Bakken, the second-largest major shale play after the Permian, a ConocoPhillips representative said in a statement to CNBC.
“ConocoPhillips has one bitcoin pilot project currently operating in the Bakken, where gas that would otherwise have been flared is routed to a bitcoin…ConocoPhillips Sells Excess Bakken Gas To Bitcoin Miner
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