
CoinDesk Podcast Network The Blockspace Pod: Big Oil Wants Dollars, Not Bitcoin w/ Chris Alfano
Feb 17, 2026
Chris Alfano, CEO of 360 Energy, a founder building off-grid gas-to-compute systems for oil and gas sites. He discusses why major oil companies avoid hash-price exposure and prefer simple offtakes. Conversation covers pipeline-scale mining versus single-well taps, technical challenges of dirty fuel gas, and the move toward off-grid power as the sustainable endgame.
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Oil Majors Avoid Hash Price Exposure
- Major oil and gas companies want fiat certainty and avoid exposure to volatile hash price.
- They prefer giving away waste gas or simple offtake deals rather than funding Bitcoin mining CapEx.
Leverage Service Partners For Market Access
- Partner with oilfield service firms to reach major producers and gain credibility.
- Use proven operational execution to convert pilot wells into service contracts with larger producers.
Built On Own Barnett Shale Wells
- 360 started by owning Barnett Shale wells and proving off-grid, vertically integrated deployments.
- That hands-on experience let them sell Bitcoin-mining-as-a-service to other producers.
