Oman turns flared gas into Bitcoin

Oman’s sovereign wealth fund advances plans to power Bitcoin mining rigs with flared natural gas from oil operations — gas that was previously burned for nothing. Oman flares an estimated $400 million worth of gas annually. The model is proven: Crusoe Energy and Upstream Data already do this in the Permian Basin and Alberta. Oil-producing nations are realizing that wasted energy can become a sovereign Bitcoin reserve. As of 2025, 52% of Bitcoin mining electricity comes from sustainable sources.