Find out how DenverBitcoin’s previous exposure to the oil and gas industry led him to see the potential for waste reduction while participating in the bitcoin mining industry.

Private and publicly listed crypto miners owe up to $4 billion in debt used to finance the construction of gargantuan facilities across North America, according to industry participants and data.

There’s a revolution brewing in Northern Canada on the Alberta-Saskatchewan border where Steve Barbour and Upstream Data are building new equipment for home mining bitcoin.

bitcoin mining is converging with the energy sector with amazing rapidity, yielding an explosion of innovation that will both decarbonize bitcoin in the medium term, and will dramatically benefit increasingly renewable grids. What’s more, it appears that only bitcoin – rather than other industrial load sources – can actually achieve some of these goals.

Upstream focuses mostly on oil producers in the Canadian provinces of Alberta and Saskatchewan, which are rich in oil. There are also plans for Texas, Barbour said: a small oil drilling company, the name of which he said he couldn't disclose, purchased a mining data center for an unfruitful drilling site.