The interest of corporate companies in the crypto money world is increasing day by day. Cryptocurrency miners, which generate tens of billions of dollars in revenue every year, are also now the target of their marketing strategies. World giant ExxonMobil is taking an important step.

Exxon Mobil is an American multinational oil and gas company. The company is headquartered in Irving, Texas, USA. The company is a direct descendant of John D. Rockefeller's Standard Oil Company. It is also affiliated with the Canadian Imperial Oil company.

Exxon Mobil, the largest oil company in the USA, partnered with Crusoe Energy and started mining Bitcoin at the company's North Dakota campus. The company announced that Exxon is mining using natural gas from oil wells as a waste material.

btc mining

The environmental damage of Bitcoin mining has been the subject of discussion lately, and since many governments offer important incentives for environmentally friendly solutions, corporate companies naturally offer efficiency advice to the mining industry.

According to the information obtained, the company will start mining Bitcoin in the same way in its campuses outside the USA. Accordingly, operations will start in Nigeria, Argentina, Guyana and Germany first. Exxon destroys natural gas from oil wells by burning it. With the pilot application started in this way, Bitcoin mining will be done by producing energy from natural gas burned in vain.

mining crypto

Now gas outputs seem costly to invest and are often burned by oil companies. Toxic gases in the air have been causing protests by activists lately. At the very least, supplying Bitcoin miners could be beneficial to the environment as well.

Meanwhile, Bitcoin hash rates reached 208.39 million TH/S, approaching historical highs. Bitcoin hash rates have been on the rise for the past few years. The start of Bitcoin mining by Exxon Mobil may encourage other oil producers around the world to engage in similar activity.