One of the largest oil companies ventures into Bitcoin mining
Halliburton, an oil services company, has incorporated into its business a company that produces energy for data centers, such as BTC miners.
360 Energy converts waste gas into energy to power data centers and BTC miners.
More and more companies that were not originally linked to Bitcoin are beginning to adopt it among their strategies.
Halliburton (HAL), one of the largest oil services companies in the world, announced on December 18, 2024, its partnership with 360 Energy, a company that transforms natural gas into an energy solution for various applications. Among them, Bitcoin (BTC) mining.
Halliburton, founded in 1919 and headquartered in Texas, United States, provides services and products for the exploration, production, and processing of oil and gas.
On the other hand, 360 Energy, also located in Texas, is dedicated to capturing natural gas that would otherwise be wasted at natural gas extraction sites or oil fields. Part of that energy generation is used by 360 Energy to mine Bitcoin.
360 Energy employs a technology called "in-field computing" that converts this waste gas into energy to power modular data centers and support intensive computing operations, such as Bitcoin mining.
This technology performs computing processes directly at the location where the energy resource is found. Natural gas is a byproduct that cannot be easily transported due to a lack of infrastructure or because processing costs are higher than its market value.
In these cases, the gas is flared or released into the environment, resulting in waste and greenhouse gas emissions.