According to ChainCatcher news reported by Blockspace, Halliburton, the world's second-largest oilfield services company, has invested in Austin startup 360 Energy to enter the Bitcoin mining sector.
360 Energy (also known as 360 Mining) has joined Halliburton Labs' 'collaborative ecosystem' as part of its energy technology accelerator program. In addition, Halliburton Labs has also become an equity investor in the company. This collaboration aims to enhance off-grid mining capabilities and expand the application scope of 360 Energy's on-site computing technology.
This Texas company specializes in converting stranded and flared natural gas into power for modular Bitcoin mining data centers. By utilizing previously wasted natural gas, 360 Energy provides oilfield owners with a way to generate revenue while reducing environmental hazards.
