Blockchain Technology Creates New Opportunities for Oil and Gas Industry

Blockchain Technology Creates New Opportunities for Oil and Gas Industry

Brox Equity, a private company registered in Alberta, Canada, is combining traditional energy and the emerging blockchain experience as a way to contribute to Canada’s economic recovery for the energy industry. The company is raising up to US$20 million through an innovative exempt digital security offering which will provide investors with diversified exposure to bitcoin, natural gas and electricity.

The offering is part of the Brox strategy of purchasing natural gas assets to generate low-cost, environmentally efficient electricity for its proprietary bitcoin mining farms. Brox uses 50% of the power capacity that is generated at its sites to mine bitcoin on its own account and offers the remaining 50% to independent or third-party Bitcoin mining companies.