New West Data is an oil & gas producer and bitcoin miner with assets in Alberta, Canada
New West operates oil wells and on site, natural gas powered, off-grid bitcoin mining equipment
New West utilizes on site bitcoin mining to mitigate flare gas and extend the economic life of oil assets
Process
Oil wells produce both oil and associated natural gas
New West Data operates oil wells and directs associated natural gas to on site generators, providing electricity to data centers housing specialized bitcoin mining computers
New West Data reimagines the traditional natural gas midstream: monetizing associated gas independent of pipelines or gas plants
Vertical integration
New West Data’s energy production and bitcoin mining infrastructure is self-owned, resulting in an industry leading all-in cost of electricity for bitcoin mining operations
