ENERGY REVOLUTION: Nigerian Startup Transforms Waste Gas Into Bitcoin Mining Powerhouse
BREAKING – Climate-tech startup Green Flare Holdings has launched a groundbreaking initiative that could revolutionize Nigeria’s energy landscape by converting flared gas into electricity for Bitcoin mining operations. The innovative company, co-founded by Charles Majomi, is tackling one of Nigeria’s biggest environmental challenges while creating a new digital economy frontier.
Nigeria currently flares approximately 1 billion standard cubic feet of gas daily – enough to generate up to 9 gigawatts of electricity. Green Flare’s revolutionary approach captures this waste gas and uses mobile generators to power on-site data centers, beginning with Bitcoin mining due to its rapid monetization potential.
The startup’s first three sites in Delta State will deliver a combined 53 megawatts of capacity, with production costs as low as $5,000-$12,000 per Bitcoin – roughly 25% of the industry average. The company plans to expand into AI computing and cloud services, potentially positioning Nigeria as a global low-cost computing hub while addressing climate concerns.
With Nigeria currently holding less than 3% of global Bitcoin hash rate and minimal AI infrastructure, the growth potential is enormous. The venture represents a rare convergence of climate action and digital infrastructure development.
Source: orientalnewsng.com