Troubled by dwindling natural gas prices, one producer from Alberta has come up with a rather innovative solution to improve the company’s bottom line. Iron Bridge Resources (IBR), one of Canada’s largest oil and gas companies, has announced that instead of selling natural gas at stubbornly low prices, it will utilize a part of its production to generate electricity and use the same to operate a bitcoin mining facility.
To implement this new strategy, IBR is launching a subsidiary, dubbed Iron Chain Technologies, (ICT) that will be tasked with overseeing the
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