Texas Bitcoin Miners Seek Tax Break for Using Trapped Well Gas – Bloomberg

Bitcoin mining machines at a warehouse in Rockdale, Texas.

Texas crypto miners have long touted an intriguing solution to the problem of stranded gas — the accidental byproduct of oil drilling that’s usually burned off at the wellhead.
They propose tapping into that unused energy by hooking up generators that would convert the gas into electricity for the vast computer arrays they use to create new Bitcoin. A few entrepreneurs have already started doing it, moving trailers outfitted with mining rigs into remote corners of the Texas oil patch.