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, JAI Energy to Present a Bitcoin Mining Documentary at Empower Conference Texas
A new documentary film about bitcoin mining and the relationship it has with Wyoming’s oil and gas industry is out. The documentary is being aired by Compass Mining and will feature the bitcoin energy solutions provider JAI Energy. “[The film] shows how JAI Energy harnesses excess energy from oil and natural gas production to create value from otherwise wasted resources,” a Compass Mining statement sent to Bitcoin.com News explains.
The announcement mentions that JAI Energy was created to “mine and offer bitcoin mining services for applications which involve stranded or flared natural gas streams and poor economic natural gases streams.” The operation is featured in the film. Compass Mining claims that all JAI Energy mining data centers are manufactured in Wyoming. Compass Mining’s director of documentary and content director William Foxley said that the team is excited to tell JAI Energy’s story .”
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“Natural gases has many benefits for bitcoin mining. Foxley stated that JAI and other miners create value from a resource otherwise lost. “With the documentary we wanted to humanize Bitcoin mining by bringing you to the action. Bitcoin mining is changing the future of Texas’ oil and natural gas industries in Wyoming and Texas. We are fortunate enough to be able to first show it 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).
“Compass wants to make bitcoin mining more accessible to all. “We love the innovative solutions JAI Energy provides to the problems in the oil & gas industry by capturing flaked gas, converting it into electricity and producing bitcoin from the stranded energy,” said Whit Gibbs (CEO of Compass Mining).
What do you think about the upcoming documentary featuring the gas-to-bitcoin solution provided by JAI Energy? Please comment below to let us know your thoughts on this topic.
Jamie Redman
Jamie Redman, the News Lead at Bitcoin.com News, is a Florida-based financial journalist. Redman has been an active member of the cryptocurrency community since 2011. Redman is passionate about Bitcoin, open-source codes, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
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