Permex signs non-binding LOI with 360 Energy for bitcoin mining using natural gas

Permex Petroleum Corp

Non-binding LOI with 360 Energy to deploy off-grid bitcoin mining powered by natural gas at Permex operations.
IFC system aims to capture natural gas realizations upwards of $10 per Mcf and eliminate flaring.
Parties working towards a binding definitive agreement; no assurances deal will close.
Permex intends to integrate IFC technology into asset evaluation and capital allocation strategy.
CEO Bradley Taillon says collaboration could transform natural gas monetization and lower methane emissions.

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