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Halliburton Invests in Bitcoin Mining Firm 360 Energy, Leveraging Stranded Gas on December 21, 2024

Dec 21, 2024, 02:10 PM

Halliburton, the world's second-largest oilfield services company, has made an investment in bitcoin mining firm 360 Energy through its research and development arm, Halliburton Labs. This partnership aims to leverage stranded gas resources to facilitate bitcoin mining, signaling a convergence of traditional energy sectors and cryptocurrency. The initiative is expected to enhance the monetization of previously untapped energy sources, aligning with broader trends in decentralized energy use. The investment highlights Halliburton's commitment to exploring innovative energy solutions and expanding off-grid mining technology on a global scale.