360mining

360mining

Natural gas to opt out of the legacy financial system. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
$30m (Public information from Dec 2022)
Austin Texas (HQ)
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DateInvestorsAmountRound
N/A

$6.0m

Seed
*

$2.3m

Valuation: $30.0m

Seed
Total Funding$8.3m

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360 Mining is an oil and gas service company specializing in converting natural gas into electricity using their proprietary In Field Mining technology. This technology is deployed directly at the production site, allowing for immediate consumption of natural gas to power energy-intensive computing applications such as Bitcoin mining and artificial intelligence. By doing so, the company helps natural gas producers increase their revenue and EBITDA while significantly reducing methane emissions and transmission losses.

The company operates in the energy sector, primarily serving natural gas producers who are looking to diversify their revenue streams and improve cash flow management. The business model revolves around deploying their In Field Mining technology within 30 days, which adds revenue diversity and provides a natural hedge against traditional gas economics.

360 Mining generates income by charging for the deployment and operation of their technology, which results in higher profitability for their clients due to the elimination of midstream fees and reduced energy waste. Additionally, the company offers improved cash flow management with same-day settlement and payment, a marked improvement over the typical 30-60 day payment delays from traditional midstream purchasers.

Keywords: In Field Mining, natural gas, electricity, Bitcoin mining, AI, profitability, emissions reduction, cash flow, energy sector, technology deployment.