The infrastructure problem
The Canadian oil and gas industry faces a significant challenge in profitably bringing natural gas to market because of infrastructure constraints. Producers lacking economic solutions to produce natural gas risk ceasing operations altogether, leaving stranded gas and contributing to the issue of wasted energy and environmental hazards.
Our solution
We monetize natural gas at the well head by using it as an off-grid energy source to power on-site Bitcoin mining, a form of digital egress. This process turns a liability into a revenue stream, transforming borderline uneconomic wells into profitable operations.
The power supply crisis
North America is facing an impending power supply crisis driven by skyrocketing demand from AI and HPC data centres that overwhelms aging power grids, which will worsen until new, reliable energy capacity is deployed.
Global power consumption by data centres is projected to more than double between 2024 and 2030. While building new power plants to meet electricity demands is important, new projects can take years to complete.
Our solution
Alberta’s 10,000+ high economic potential stranded wells present a fast-track solution to bridge the power gap today, and New West Data operationalizes stranded wells quickly and seamlessly:
- Oil production produces revenue immediately
- Bitcoin mining begins within 90 days
- Full-scale production and mining operations are running within nine months
Unrivaled expertise
New West Data is run by oil and gas veterans with deep industry experience coupled with hands-on mining expertise.
Profitably liberating stranded wells by mining Bitcoin for more than five years, the team has cultivated an expertise that is unrivaled in this field.
