Publicly Listed Energy Firm Equinor Exploits Gas Flaring in North Dakota to Mine Bitcoin
The Norwegian state-owned multinational energy company Equinor (NYSE: EQNR) has recently announced joining the crypto economy, as the firm has partnered with Crusoe Energy Solutions to mine bitcoin. According to information obtained by Arcane Research, Equinor’s collaboration with Crusoe in North Dakota is aimed at reducing flaring from oil operations via bitcoin mining.
Ribeiro continued by adding: Crusoe Energy Solutions is based in Denver Colorado, and the company offers a system called “digital flare mitigation technology” or DFM. The recent announcement details that flared gas being used for Equinor’s bitcoin mining is the byproduct of extracting oil from the Bakken oil field located in the U.S.