Aspen blockchain is a cryptocurrency mining company based in Texas. We help oil companies monetize stranded or wasted natural gas without having to build pipeline infrastructure. By placing a gas electric generator at the wellhead, we can turn natural gas into the electricity we need to power our computers. Flared Gas Fracked wells produce oil and natural gas. When it is not economically feasible to transport the gas to market, exploration companies burn it on site and only deliver the oil. In 2021 $18.1B worth of natural gas was flared, releasing 452M tonnes of CO2. Bitcoin Mining Mining computers consume thousands of kWh cycling through trillions of hashes per second. Managing electricity costs is the key to profitability. Bitcoins from Flares Aspen uses gas electric generators to power mining computers housed in mobile data centers at well sites.
