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ConocoPhillips Is Supplying a Bitcoin Miner With Gas From Bakken
A gas flare outside Williston, North Dakota.
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ConocoPhillips is supplying a Bitcoin mining project with natural gas from the Bakken shale of North Dakota in a first for a major U.S. producer.
The gas supplied to the pilot project, owned and managed by a third party, would otherwise be burned into the atmosphere in a process known as flaring, Houston-based ConocoPhillips said in an emailed response to questions, without identifying the cryptocurrency miner.