Brazilian oil giant Petrobras explores integrating Bitcoin mining into its operations to promote low-carbon transition

2025-01-23 23:21:03

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ChainCatcher news, Brazilian oil giant Petrobras intends to incorporate Bitcoin mining as a supplementary business. The state-owned oil company Petrobras has a daily crude oil production of nearly 3 million barrels and is currently exploring how to integrate Bitcoin mining into its operations.

The goal of this exploration is to develop a business model that can reduce the company's carbon emissions through operations such as Bitcoin mining. Marcelo Curi, Petrobras's blockchain and token economy architect, revealed that the company is in the core stage of "historic R&D," attempting to support the value chain and network in transitioning to a low-carbon economy through this "innovative framework."

An interdisciplinary team at Petrobras, composed of climate change researchers, oil researchers, and crypto experts, will also investigate the potential applications of blockchain, tokenization, and Web3.

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