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New West Data to Acquire Significant Oil and Gas Assets in Central Alberta

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Producing Oil and Powering Compute

North America’s First Vertically Integrated Energy Producer Converting Stranded Natural Gas Into Revenue-Generating Compute

New West Data is a Canadian energy company powering the future of compute. New West Data owns and operates oil and gas assets that produce oil and generate lowest-cost power for all forms of compute, including Bitcoin mining. By reimagining the natural gas midstream, New West Data uses off-grid infrastructure to turn stranded gas into a profitable revenue stream, extending the economic life of oil assets by 10 years.

New West Data Operational Metrics

  • 24 owned wells powering compute across Alberta
  • 4 third-party sites powering compute
  • More than 15 MW powering compute
  • Production of 300+ barrels of oil (bbl) per day
  • Production of 1,000 barrels of oil equivalent (boe) per day
  • More than 5 years of successful operations
  • Seasoned team of oil and gas and digital infrastructure leaders
  • Energy costs at least 50% lower than grid connections
  • Total addressable market of 10,000+ sites across Alberta

Active projects throughout Alberta, Canada