‘Bitcoin in Cowboy County’ — New Documentary to Feature Gas-to-Bitcoin Mining Solutions in Central Wyoming – Mining Bitcoin News
According to the bitcoin mining operation and mining rig reseller, Compass Mining, a new documentary will be released that covers the bitcoin mining operations in central Wyoming. The documentary, called “Bitcoin in Cowboy County: Wyoming’s Powder River Miners,” will premiere at the Empower Conference in Houston, Texas, on March 31.
Compass Mining and JAI Energy to Premiere Bitcoin Mining Documentary at Empower Conference in Texas
A new documentary film is coming out that’s centered around the subject of bitcoin mining and its relationship with the oil and gas industry in Wyoming. The documentary is being aired by Compass Mining and will feature the bitcoin energy solutions provider JAI Energy. “[The film] showcases how JAI Energy is harnessing excess energy from oil natural gas production to create value out of otherwise wasted resources,” a statement from Compass Mining sent to Bitcoin.com News explains.
The announcement notes that JAI Energy was specifically built to “mine and provide bitcoin mining services for applications involving stranded, flared, and poor economic natural gas streams.” The company has a mining facility located in the state of Wyoming in Casper, and the operation is featured in the movie. According to Compass Mining, the state of Wyoming is where all manufacturing of JAI Energy’s mining data centers takes place. William Foxley, the director of the documentary and content director at Compass Mining, said the team is “excited to tell JAI Energy’s story.”
“Natural gas has so many advantages for bitcoin mining. JAI and other miners create value off an otherwise wasted resource,” Foxley explained in a statement. “With the documentary, we wanted to humanize the Bitcoin mining industry by bringing the viewer to the scene of action. Bitcoin mining is revolutionizing the future of the oil and natural gas industry in Wyoming and Texas, and we are lucky enough to show it first on tape.”
The documentary follows the news that was leaked last week that noted Exxon Mobil Corporation (NYSE: XOM) was working in North Dakota piloting a gas-to-bitcoin mining program with Crusoe Energy Solutions. In addition to companies like Crusoe Energy and JAI Energy, other firms like Upstream Data, Greenidge Generation, and EZ Blockchain provide gas-to-bitcoin services as well. A CNBC report highlights that Exxon Mobil and Crusoe Energy are removing over 10 million cubic feet of methane gas per day by mining bitcoin (BTC).
“At Compass, we want to make bitcoin mining accessible to everyone. We love that JAI Energy is providing an innovative solution to problems in the oil and gas industry by capturing flared gas, converting the gas into electricity, and producing bitcoin off the stranded energy,” remarked Whit Gibbs, the CEO of Compass Mining.
What do you think about the upcoming documentary featuring the gas-to-bitcoin solution provided by JAI Energy? Let us know what you think about this subject in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.