Hydro-powered bitcoin mining, hashing instead of flaring + MORE
💥Energy Flux💥| Monday, 10th April 2021
Welcome back to your first Energy Flux of the working week — a little later in the day than usual. This will probably be the normal publishing time for the Monday newsletter from now on.
I have an exquisite story for you today about hydroelectric dams in rural British Columbia powering cutting-edge cryptocurrency mining rigs.
Unusually, this is a story of economic transition and the enduring role of one power source through periods of societal change. It also speaks to the economic possibilities opened up by combining abundant renewable resources with disruptive digital technology.
And, another natural gas flare has been extinguished after an oil well operator in Alberta started using it to power ASIC miners. Canada sure is finding creative ways to monetise its stranded energy assets.
Here’s the full lineup:
💥Hydro-powered bitcoin miner lures institutional investors ahead of IPO
💥Canadian oil producer mines bitcoin, snuffs out gas flare
⚡Transmission lines – Energy transition stories you …