Oil and Gas All in on Remote Bitcoin Mining
Austin, Texas – January 20, 2026
360 Energy, a leading provider of mobile natural gas offtake solutions, is transforming excess and flared natural gas into reliable power for off-grid Bitcoin mining, delivering economic and environmental benefits to upstream oil and gas operators while contributing to decentralized Bitcoin hashrate.
Founded in 2021 by Chris Alfano and headquartered in Austin, Texas, 360 Energy co-locates EPA-certified natural gas generators and modular Bitcoin mining data centers directly at oil and gas well sites. The company captures stranded, uneconomic, or flared gas, often a liability for producers, and converts it into low-cost electricity (sub-2 cents per kWh) to power mining operations. This approach addresses three primary needs for oil and gas companies: maximizing gas value in oversupplied regions like the Permian Basin, reducing emissions through flare capture, and enabling continued oil production by avoiding regulatory shut-ins in areas with limited flaring allowances.
Unlike traditional models that struggled with uptime and incentives, 360 Energy's rental-based service eliminates upfront capital expenditure for operators. Producers pay a monthly fee for the equipment while retaining most revenue from mining rewards, ensuring reliable gas offtake and high operational uptime. The company emphasizes rigorous site diligence, including gas analysis, to deploy tailored infrastructure that handles varying gas compositions and production profiles.
"By listening to oil and gas operators and translating Bitcoin mining into terms they value, such as increased cash flow, lower emissions, and unlocked oil production, we've built a sustainable service model," said Chris Alfano, founder and CEO of 360 Energy. "Our focus remains on Bitcoin as the core application, providing one of the lowest-cost mining operations globally while distributing hashrate across diverse locations and subtly introducing more industry participants to Bitcoin's potential."
360 Energy operates across key U.S. basins and is exploring international expansion, leveraging partnerships like Halliburton for operational support in regions such as Argentina's Vaca Muerta Basin. The company reports strong demand for its Apex Gas Offtake solution as an alternative to flaring or shut-ins, with U.S. flared gas volumes alone offering potential for over 2 gigawatts of computing power.
As Bitcoin mining evolves amid growing energy demands, 360 Energy's model demonstrates how stranded energy resources can drive mutual benefits across traditional energy and freedom technology sectors.
