Chicago cryptocurrency mining company EZ Blockchain is eyeing the large volumes of wasted natural gas being burned in the Permian Basin of West Texas as a potential source of power for portable servers to create digital currencies and put them into circulation.

Utilizing stranded gas to power bitcoin mining rigs at oil and gas wells is a promising business opportunity. It is profitable for all participating parties and beneficial for the environment. Not without challenges, this young industry is growing in energy-rich North America. Several companies are working to expand the niche and U.S.-based EZ Blockchain shared details about their progress.

Natural gas acquired as a byproduct of oil extraction has become synonymous with wasted energy. In certain areas, drilling companies are unable to find a profitable market for the excess fuel. It’s often vented into the atmosphere. Startups are now offering on-site systems that utilize the surplus to mine cryptocurrencies. This new business is growing in regions where shale oil and gas extraction are major industries.

Blockchain technology services company goes to market with the newest, most powerful iteration of their mobile data centers.
CHICAGO, June 22, 2020 /PRNewswire/ -- EZ Blockchain, a leader in proof of work blockchain infrastructure is thrilled to announce the launch of the EZ Smartbox 3.0, a 40 ft container size mobile unit with its extraordinary efficiency and power capacity for cryptocurrency mining operations. As the blockchain space adoption is growing rapidly in the USA, capital expenditures play a major role in any high-density computing venture. Smartbox 3.0 is designed to stay ahead of the fast-paced environment by providing full plug-and-play mobile data centers within a reasonable upfront cost.

Chicago-based blockchain technology service company EZ Blockchain recently signed a memorandum of agreement forming a strategic partnership with KTS Engineering, an official distributor of Jenbacher gas electric generators.