Tlou Energy trials cryptomining at Lesedi

Thinking big: Tlou has already received returns from tentative cryptomining PIC: MORERI SEJAKGOMO
Thinking big: Tlou has already received returns from tentative cryptomining PIC: MORERI SEJAKGOMO

Tlou Energy has successfully conducted cryptomining using its Lesedi coal-bed methane resources, which earned the company some initial, but 'immaterial' revenues, BusinessWeek can reveal.

The trial used excess field camp electricity to run crypto mining units to produce Bitcoin. Officials said this had established proof of concept and built in-house technical expertise.

Commenting on the company’s operations for the quarter ended 30th June, executive director, Gabaake Gabaake said the next stage would involve powering the crypto miners using electricity generated from the Lesedi 4 production well. Thereafter, Tlou plans to look at the expansion of the project “all else being equal”.

Editor's Comment
Let the law take its course

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