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Ecoark Looking to Power Cryptocurrency Mining with Constrained Natural Gas
San Antonio-based Ecoark Holdings Inc. plans to begin beta testing a cryptocurrency mining approach in May that would be powered by natural gas that is constrained by a lack of infrastructure.
The diversified holdings company established a strategic initiatives team in February to analyze ways to deploy capital for the test project. Led by CFO Brad Hoagland, the team is looking at opportunities related to environmental, social and governance initiatives that would reduce emissions.
“By redirecting power back to the grid when green sources of energy production are unable to supply the required load, we alleviate grid pressure and help fill gaps that currently hinder the growth of green energy technologies,” said Hoagland. ....

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