Allied energy strikes are engaged in the supply of natural gas for Texas Crypto Facility – Datacenterdynamics

Allied Energy has signed an agreement to buy and sell natural gas with River Energy Group and Louis Energy to power cryptocurrency operations in Texas.

Under the agreement, Louis Energy has provided exclusive rights to buy natural gas from Thiel Well 1 in Washington County, Texas. The gas will power the cryptocurrency production facility near the well.

Louis Energy will construct and manage the facility, which will have an initial capacity of 1MW, with the potential to scale up to 2-3.5mW.

“This partnership is a major step for the Union Energy,” says George Monteit, CEO of Allied Energy. “By providing sustainable energy solutions in the cryptocurrency sector, we strengthen our role in the growing natural gas market as we move long -term innovations.”

Partners claim that cooperation will focus on providing efficient and environmentally friendly use of natural gas. In addition, Louis Energy said he was committed to meeting all regulatory requirements, providing the necessary permits and maintaining high environmental and safety standards.

Louis Energy Gas Texas is an energy solution company that focuses on the power of cryptocurrency mining projects.

Allied Energy has already signed a natural gas supply agreement with cryptocurrency for delivery from its well. In February 2023, she signed an agreement with Enerhash USA and River Energy Group to develop a 1MW site.

Union energy processes existing oil and gas wells to increase their efficiency using hydraulic destruction (fracking), among other techniques.

The company joined a joint venture with the River Energy Group, known as the “ally Reka”, in September 2022, to find, provide and distribute stunned natural gas and heated natural gas for the development of separate microse.

Crypto companies are increasingly looking for transactions to supply natural gas outside the network to power their operations, such as places such as Texas and Alberta, Kandana become remarkable centers.

Last week, the crypto company Bitdeer acquired a 101mW gas supply project at Fox Creek, Alberta, Canada, where it plans to develop a 99mW Bitcoin extraction operation. Construction is expected to start in Q2 2025, with the site powered through the Q4 2026.

Last year, Hyperscale Data launched a pilot project to study the feasibility of bitcoin production, driven by natural gas turbines, operated by an undisclosed partner of the project.

Previously, Mara launched a 25mW microphone data for microphone through the oil wells in Texas and North Dakota, powered exclusively by excess natural gas.