US energy company opens crypto mining facility in Middle East to use stranded natural gas By Cointelegraph

US energy company opens crypto mining facility in Middle East to use stranded natural gas By Cointelegraph

NFT Investments PLC mulls £96M acquisition of Pluto Digital By Cointelegraph

US energy company opens crypto mining facility in Middle East to use stranded natural gas

As the heated up discussion around the ethical aspects of using fossil fuels in crypto mining remains one of the key topics for the industry, an unexpected partnership between a Denver-based mining company and the government of a gas-rich Middle Eastern country sets a horizon for a positive role of crypto in cutting the fossil fuels waste.

On Wednesday, June 1 Bloomberg reported that Crusoe Energy, an operator repurposing wasted fuel energy to the computational power of crypto mining, would start its work in Oman, a nation that exports 21% of its gas production and seeks to zero gas flaring by 2030.