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Bitcoin Mining in Texas
In this episode of Weaver On-Chain, Weaver’s Tim Savage and Kristine Cranley, Director of Business Development at PM Squared Financial, discuss the quickly growing bitcoin mining industry in Texas.
Kristine walks through the idea behind bitcoin mining on stranded natural gas resources. “With stranded natural gas bitcoin mining, the miners are able to take generators and transform waste gas into power by planting data boxes on the oil fields. For the oil fields, it’s a new stream of income for them. They’re selling the natural gas for less than market prices, but they’re not having to do the…
The skinny
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