Wyoming Initiative Converts Flared Gas into Bitcoin Energy and Reduces Emissions

Compass Mining, a company specializing in

mining infrastructure, has unveiled its inaugural off-grid mining operation powered by natural gas in Wyoming, working together with 360 Energy. The 3.3-megawatt (MW) facility, set to be fully operational by September 2025, makes use of older mining equipment like the Antminer S19 series, thereby extending the usefulness of hardware that might otherwise be idle. This move supports Compass Mining’s broader objective to grow its presence in new regions and diversify its energy mix, making off-grid mining a cornerstone of its institutional-grade services Compass Mining Partners With 360 Energy on Off-Grid Site in Wyoming to Repurpose Wasted Natural Gas [ 1 ]. The initiative is part of a larger industry push to turn stranded natural gas into value, as global flaring is projected to hit 150 billion cubic meters in 2024. By utilizing otherwise wasted gas, Compass Mining seeks to tackle shifting economic pressures in Bitcoin mining and simultaneously cut emissions Compass Mining Partners With 360 Energy on Off-Grid Site in Wyoming to Repurpose Wasted Natural Gas [ 1 ].

This collaboration takes advantage of 360 Energy’s Apex gas offtake technology, which transforms stranded, flared, or uneconomical natural gas into a steady energy source for high-performance computing. This method not only puts unused gas to work but also boosts oil output and opens up new revenue opportunities for energy producers. Chris Alfano, CEO of 360 Energy, noted that the partnership shows how Bitcoin mining can directly benefit oil and gas firms by cutting emissions and generating independent income streams. The project is one among several that aim to merge advanced computing with conventional energy production, a strategy 360 Energy considers vital to its goal of helping operators “earn more and flare less” Compass Mining Partners With 360 Energy on Off-Grid Site in Wyoming to Repurpose Wasted Natural Gas [ 1 ].

Compass Mining’s off-grid project builds upon its existing on-grid operations, broadening its portfolio of directly managed sites. The company’s approach to vertical integration is designed to reinforce its infrastructure while meeting the sector’s demand for affordable and scalable solutions. Karoon Mackenchery, Senior Director of Mining Services at Compass Mining, pointed out that the Wyoming facility acts as a pilot for innovative operational models, which the company intends to roll out at other sites. This growth is expected to make Compass Mining more attractive to institutional investors looking for diverse and cost-efficient mining infrastructure Compass Mining Partners With 360 Energy on Off-Grid Site in Wyoming to Repurpose Wasted Natural Gas [ 1 ].

The project’s progress is linked to wider developments in Wyoming’s energy landscape, including state-backed programs to utilize stranded gas and curb emissions. For instance, the Wyoming Energy Authority’s Energy Matching Funds will provide $36.4 million to 11 projects in 2025, many of which are focused on carbon capture and monetizing gas. Although Compass Mining’s facility does not receive direct funding from these programs, its efforts are in line with Wyoming’s strategic emphasis on maximizing the economic and environmental value of its natural resources. The state’s regulatory framework, which has recently accelerated approvals for coal and gas initiatives, further enhances the prospects for off-grid mining projects.

This partnership highlights the increasing intersection between Bitcoin mining and energy sector innovation. By putting wasted gas to productive use, Compass Mining and 360 Energy are tackling two major issues: the industry’s dependence on unstable energy markets and the environmental harm caused by gas flaring. This approach may become more widespread as oil and gas companies look for ways to profit from byproducts amid falling fossil fuel demand. The Wyoming project also demonstrates how technology can connect traditional energy industries with digital asset creation, potentially transforming the economics of both sectors Compass Mining Partners With 360 Energy on Off-Grid Site in Wyoming to Repurpose Wasted Natural Gas [ 1 ].

Compass Mining, which oversees 20 hosting locations and manages 5.9 exahash of computing power, positions itself as a frontrunner in decentralized Bitcoin mining infrastructure. Its alliance with 360 Energy marks a strategic shift toward off-grid solutions, which the company sees as crucial for sustaining profitability in the face of volatile energy costs. The company’s commitment to “making Bitcoin mining accessible to everyone” is furthered by its emphasis on reusing older equipment and lowering barriers for institutional participants Compass Mining Partners With 360 Energy on Off-Grid Site in Wyoming to Repurpose Wasted Natural Gas [ 1 ].