{"id":213632,"date":"2023-12-16T02:12:35","date_gmt":"2023-12-15T20:42:35","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=213632"},"modified":"2023-12-16T02:12:35","modified_gmt":"2023-12-15T20:42:35","slug":"bitcoin-miner-raised-15m-to-use-energy-from-argentinas-vaca-muerta-oil-field-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-miner-raised-15m-to-use-energy-from-argentinas-vaca-muerta-oil-field-crypto-news\/","title":{"rendered":"Bitcoin Miner Raised $15M to Use Energy from Argentina\u2019s Vaca Muerta Oil Field – Crypto News"},"content":{"rendered":"

Major energy companies Crusoe Energy, Pampa Energia, and Petrocuyo participated in the round.<\/p>\n

\n

Bitcoin miner Unblock Global<\/a> said it raised $15 million to use flared gas from Argentina\u2019s Vaca Muerta, the world\u2019s second-largest shale gas reserve, to power its operations.<\/p>\n

\u201cWe are the second flared gas Bitcoin in the world,\u201d tweeted<\/a> Unblock\u2019s co-founder Tomas Ocampo, showcasing the facilities.<\/p>\n

Major energy companies Crusoe Energy, Pampa Energia, and Petrocuyo participated in the capital raise, which was conducted by Unblock Computos, a branch of Unblock Global.<\/p>\n

The raise will allow the company to produce \u201c$200M of oil from Vaca Muerta with less emissions,\u201d Ocampo said.<\/p>\n

Flared Gas <\/h2>\n

Flared gas is a common externality associated with oil production. The excess oil that cannot be handled by the grid due to capacity, transmission, or lack of demand, is burnt into the atmosphere.<\/p>\n

Although the process of flaring helps to alleviate accumulated gasses, along with avoiding the direct release of methane into the atmosphere, it comes at a cost, with carbon dioxide and other pollutants still making their way into the environment.<\/p>\n

Bitcoin mining\u2013a controversial process known for being energy-intensive\u2013is uniquely positioned to make use of this stranded energy. All it needs is a power source and an internet connection, allowing it to tap into stranded or wasted forms of energy.<\/p>\n

The U.S. ambassador to Argentina, Marc Stanley, celebrated<\/a> the news yesterday on social media.<\/p>\n

\u201cI love to see American and Argentine companies work together to solve problems and help the environment,\u201d wrote Stanley, adding that the \u201cgeniuses\u201d at Crusoe and Unblock \u201cdiscovered a way to burn methane and create electricity.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Major energy companies Crusoe Energy, Pampa Energia, and Petrocuyo participated in the round. Bitcoin miner Unblock Global said it raised $15 million to use flared gas from Argentina\u2019s Vaca Muerta, the world\u2019s second-largest shale gas reserve, to power its operations. \u201cWe are the second flared gas Bitcoin in the world,\u201d tweeted Unblock\u2019s co-founder Tomas Ocampo, […]<\/p>\n","protected":false},"author":2,"featured_media":213633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-213632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/213632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=213632"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/213632\/revisions"}],"predecessor-version":[{"id":213634,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/213632\/revisions\/213634"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/213633"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=213632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=213632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=213632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}