TFTC: A Bitcoin Podcast Bitcoin Offtake Unlocks Oil Production | Chris Alfano, Center of Hash E003
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Aug 12, 2025 Chris Alfano, co-founder and CEO of 360 Energy, explains how his firm integrates Bitcoin mining into oil and gas production. They explore the innovative use of stranded natural gas, turning waste into profit while minimizing environmental impact. Alfano discusses the pricing dynamics of natural gas in Texas and the evolving landscape of the Permian Basin. The conversation highlights the challenges and benefits of on-site Bitcoin mining, showcasing a new era where cryptocurrency meets energy production amidst regulatory hurdles and market volatility.
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From SaaS To Gas-Fueled Mining
- Chris Alfano described moving from a SaaS company to founding 360 Energy after selling his prior business in 2020 and diving into Bitcoin.
- He and cofounder Sean vertically integrated by buying Barnett Shale gas wells and deploying a first Bitcoin mine in late 2021.
Mining As A Service Became The Core Product
- 360 Energy pivoted from self-mining to a services business after other producers asked for help replicating their model.
- They now sell a repeatable gas offtake system to oil and gas companies instead of owning upstream assets.
Gas Prices Are Local, Not Global
- Natural gas prices are highly regional and localized, causing the same molecule to earn very different revenues.
- Permian (Waha) often trades far below Henry Hub due to local oversupply and limited takeaway capacity.