Flare gas with GAM System off
Flare gas with GAM System on
Fortress ESG Operation
Great American Mining is unique in having a team with both the skill and experience to execute large scale deployments of the type we are envisaging, while also being co-led by a well respected and trusted thought leader in the Bitcoin sector, Marty Bent. While many have marveled at the prospect of environmentally conscious Bitcoin mining, Great American Mining has successfully executed and built out the gas conversion and electrical infrastructure along with active PDUs and software necessary to control a decentralized network of mining nodes throughout hydrocarbon rich fields. Furthermore, Great American Mining’s strategic focus on off-grid energy generation as part of the long-term viability of their business is another reason why we are excited to partner with them. Mining off-grid significantly decreases operational risk over time as demand for on-grid power purchase agreements from bitcoin miners and other energy consumers gets more competitive.
Furthermore, this presents an immense opportunity in scale for us to pursue, as all of the vented/flared gas in the US converted to electrical power would yield approximately 7.4 GW, which in turn represents about 50-70% of the total power converted by the Bitcoin network currently.