Shell and Bitcoin: the oil giant embarks on BTC mining

Immersion – The oil company Shell is gradually diving into Bitcoin (BTC) mining. The company offers products that allow companies in the sector to improve their profitability and ecological balance.

Shell tied a two-year partnership with Bitcoin Magazineto sponsor the 2023 and 2024 Bitcoin Conferences.

Representatives of the company will intervene during the event, and will discuss, among other things, the optimization of energy costs and the reduction of the carbon footprint of Bitcoin mining, using lubricants and cooling solutions that the company offers.

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An answer to the current energy crisis?

The CEO of Bitcoin Magazine, David Baileycalled Shell’s involvement in BTC mining a “big win for bitcoin”.

In a press release dated August 25, Shell Lubricants announced the expansion of its product range, by adding a new immersion cooling fluid, which is intended for data centers.

Bitcoin mining must find new and innovative solutions to ensure sustainability in the face of the increasing demands that the authorities are imposing on the sector, and in the context of the current energy crisis.

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