2024 was a pivotable year for Bitcoin and its future. So, STEC’s business plan is timely due to:
- 1To help ease growing global power grid concerns
- 2Abundant supply of flare gas
- 3Support from environmentally sensitive states and oil and gas operators
- 4Abundant scalability and future growth opportunities
- 5Multiple conversion opportunities
- 6Record High Bitcoin price and future high price predictions
- 7Numerous pivot options which offer lucrative diversification opportunities for STEC, such as the rapid growing need for AI processing
- 8Management team with over 55 years of experience in oil and gas including in states where STEC plans to initially start its operations which support the isolated natural gas and environmental concerns with minimal competition
- 9Growing worldwide support of cryptocurrency
The integration of flare gas into powering data processing centers for such things as Bitcoin mining operations or AI processing, for example, is just in its infancy. STEC is following in the footsteps of those who, over the past few years, have taken this approach with enormous success. STEC’s innovative model not only addresses the energy-intensive nature of Bitcoin mining and AI processing but also offers a solution to one of the most current and pressing issues in environmentally sensitive states: flare gas with methane emissions.
A common scene across the country are oil and gas production facilities burning off excess natural gas (flare gas). Some gas flares are placed at natural gas processing facilities, oil refineries, multi-well production facilities, and on a single well application.
- Flaring gas is part of the normal process of producing oil in that it helps in removing ‘back pressure’ on oil wells. This allows the oil well to produce more oil, which can promote further drilling which otherwise could be hindered. Today, more than ever, many states are addressing flare gas by trying to set stringent restrictions on oil and gas operators. Even with such restrictions, what to do with the unsellable natural gas will always be a problem. Therefore, the tighter the restrictions the more attractive opportunities could exist for STEC in the future to help eliminate these flare gas issues.
STEC is focusing its efforts on locations where there are multiple oil and gas well production facilities located in isolated areas (no gas market). This approach presents an economical benefit for the state, oil and gas operators, mineral owners, investors, and STEC. In addition, this collected fuel source could award a more predictable fuel supply for longevity purposes.
For more information and an expanded presentation of how to join STEC in its endeavor to being a remote data center in environmentally sensitive areas of the country, please contact us at contact@scissortailcorp.com.