What we've seen is problems that exist in oil and gas that Bitcoin mining solves, but what that commercial structure looks like with the oil and gas customer is not as bullish for Bitcoin mining as you might imagine.

I think we've seen a pretty large aversion. Again, I'm talking about the largest oil and gas companies.

They're not wanting to take a view on hash price, for example, let alone understand what hash price is. It's like they typically like, we'll sell you the gas. You can have our waste gas. We'll give you the waste gas for free. But we're not like we don't want to fund CAPX into Bitcoin mining infrastructure. We don't want our payback or our netback on that gas to be tied to

hash price. Like they want to keep it as fiat as possible with as little capital exposure as

possible. And I think that's, you know, it's very much where we're at. I think willingness to

have Bitcoin mining on their oil and gas sites, like that has definitely improved in its

adoption and the realization of the value props that this

provides from like emissions reduction better gas netbacks more oil like all that stuff like it becomes a lot

easier to put this technology and proliferate this technology in the oil field but from a hash

price appetite from a capital appetite it's's very limited.

Welcome back to the Blockspace podcast, brought to you by CleanSpark.

Hash price is getting crushed right now. It hit an all-time low last week amid Bitcoin's route to 60K, and despite a recent upward difficulty adjustment, one of the largest ever,

it's still incredibly compressed. So much so that oil and gas

miners are starting to change their strategy to ensure their survival. To discuss the current

state of oil and gas bitcoin mining, we welcome 360 energy CEO Chris Alfano to talk about the

company's strategy to not just mine on the oil well, but also on the pipeline

level. It's recent investment from Halliburton and what that means for the trajectory of

Bitcoin mining integration on oil and gas sites. He also shares his experience with researching

AI deployments on the oil and gas field and how feasible that business strategy is.

If you're interested in oil and gas mining, want to learn more about the opportunities that

still exist for Bitcoin miners, both for Bitcoin mining and potentially for AI and HBC workloads.

I highly recommend this episode.

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