Allied Energy Secures Texas Gas Supply for Bitcoin Mining

Allied Energy confirmed a deal with River Energy Group and Louis Energy to power a Texas-based crypto mining site with natural gas. The project starts at 1MW capacity, potentially scaling up to 2-3.5MW. Due to proximity to the Thiel Well 1 gas source, transport costs are reduced, boosting cost efficiency.

Louis Energy will build and operate the facility adjacent to the well. This approach could lower operational expenses and cut downtime risks caused by local grid issues. Meanwhile, Allied Energy is looking to replicate similar supply models for its future properties.