Methane-Capturer Vespene Energy Raises $4.3M To Help Cities Mine Bitcoin Today

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  • Vespene Energy raised $4.3 million to help cities mine bitcoin.
  • Vespene’s structure encourages municipalities to become involved in the mining ecosystem.
  • The first pilot location will be in central California.

Vespene Energy, a methane mitigation company providing bitcoin mining infrastructure, closed a $4.3 million funding round led by Polychain Capital to launch net carbon-negative bitcoin mining, per a press release sent to Bitcoin Magazine.

Vespene utilizes micro-turbines installed at municipal landfills to convert excess or wasted methane gas into electricity which is then fed to bitcoin mining data centers. As Vespene provides this infrastructure, the municipalities have a completely hands-off experience which enables a completely new revenue stream with zero cost to the municipality.

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