The world's second-largest oilfield services company Halliburton invests in Bitcoin mining company 360 Energy

ChainCatcher news, according to Blockspace, the world's second-largest oilfield services company Halliburton has invested in Austin startup 360 Energy, entering the Bitcoin mining sector.

360 Energy (also known as 360 Mining) has joined Halliburton Labs' "collaborative ecosystem" as part of its energy technology accelerator program. In addition, Halliburton Labs has also become an equity investor in the company. This collaboration aims to enhance off-grid mining capabilities and expand the application of 360 Energy's on-site computing technology.

This Texas-based company specializes in converting stranded and flared natural gas into power for modular Bitcoin mining data centers. By utilizing otherwise wasted natural gas, 360 Energy provides oilfield owners with a revenue-generating solution while reducing environmental harm.