Brazil’s state owned oil and gas company Petrobras is reportedly assessing getting into Bitcoin mining. This is a new chapter for the company and shows how traditional industries are adapting to the digital world.

Petrobras, one of the largest and most profitable oil companies in the world, is going to use excess natural gas produced during the oil extraction process to power bitcoin mining.

This will reduce energy waste and methane emissions, and create a new revenue stream for the company.

Using excess gas to mine bitcoin is how oil companies can become more profitable. The project is part of Petrobras’ R&D agenda to explore Bitcoin and diversify the company’s…

Read more on bitcoinnews