Compass Mining and the reseller of mining rigs, bitcoin mining, has announced that a documentary covering central Wyoming’s bitcoin mining operations will soon be made. 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, JAI Energy will premiere a Bitcoin Mining Documentary during the 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. Compass Mining is airing the documentary, which will include JAI Energy (a bitcoin energy solution provider). “[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.”
Following the leak last week, which revealed that Exxon Mobil Corporation was in North Dakota to pilot a gas–to-bitcoin mining project with Crusoe Energy Solutions (NYSE: XOM), this documentary is about that news. Other than Crusoe Energy or JAI Energy, companies such as Upstream Data and Greenidge Generation also offer gas-to-bitcoin service. CNBC reports that Crusoe Energy and Exxon Mobil remove more than 10 million cubic feet per day from methane by mining bitcoins (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.
How do you feel about JAI Energy’s upcoming documentary on gas-to-bitcoin? Please comment below to let us know your thoughts on this topic.
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