Former Oilfield Drillers See Energy Sector and Bitcoin Mining Joining Forces

Energy firms might think, “‘We’re already flaring the gas, why not make something out of it?’ I think that that’s an easy conclusion,” Schultz said in an interview with CoinDesk. However, if the flared gas becomes economically beneficial for an oil and gas company, it would become more likely to drill another well that’s going to have stranded gas, which would harm the environment further, he cautioned.