Tag: oil wells

EnergyFunders offers direct investing in oil wells, Bitcoin mines
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EnergyFunders offers direct investing in oil wells, Bitcoin mines

A new feature is popping up at U.S. oil patches in the Rockies and Great Plains — trailers filled with computers and generators set up to mine Bitcoin at oil well sites. Bitcoin mining rigs take advantage of natural gas found in formations while drilling for oil. Oil can be trucked out from remote destinations, but getting gas to market requires a pipeline. "Stranded" natural gas that cannot be moved to market gets flared or burned off, creating carbon dioxide emissions, or gets vented as methane into the atmosphere. With less than 10 large-scale North American Bitcoin mining companies powered by stranded natural gas in 2022, the trend is still in its early stages. Enter EnergyFunders, the first-ever online investment marketplace to offer direct access to oil and gas well sites and off-...