» Oil and Gas Giants Are Quietly Entering Bitcoin Mining | by CoinGen | Coinmonks | Apr, 2025

Hey friends! Today, we’re diving into a surprising but exciting topic — how oil and gas companies are getting into Bitcoin mining. It sounds like an odd match at first, right? Dirty fossil fuels and digital money? But once you dig into it, it actually makes a lot of sense. Let’s break it down together!

Every year, oil companies burn about 148 billion cubic meters of natural gas. This process, called gas flaring, releases massive amounts of carbon dioxide (CO₂) and methane into the air. Not only is this terrible for the environment, but it’s also a huge waste of energy.

Why do they do it? Mainly because some oil fields are in the middle of nowhere, where building gas pipelines or processing facilities is too expensive. So instead of capturing the gas, they just burn it off.

Thanks to new technology, companies don’t need to burn that gas anymore. They can turn it into electricity using mobile power units — basically, portable machines that burn the gas and produce energy right there in the oil field.

So, what can they do with all this new power?

Mine Bitcoin.