Bitcoin miners and oil and gas execs mingled at a secretive meetup in Houston – here’s what they talked about – CNBC

Bitcoin miners and oil and gas execs mingled at a secretive meetup in Houston – here’s what they talked about – CNBC

Bitcoin enthusiasts, miners, and oil & gas execs gathered at a meetup in Houston to talk about the future of bitcoin mining.

HOUSTON – On a residential back street of Houston, in a 150,000 square-foot warehouse safeguarding high-end vintage cars, 200 oil and gas execs and bitcoin miners mingled, drank beer, and talked shop on a recent Wednesday night in August.

These two groups of people may seem as though they are at opposite ends of the professional and social spectrums, but their worlds are colliding – fast. As it turns out, the industries make for compatible bedfellows.

Just take Hayden Griffin Haby III, an oilman turned bitcoiner. The Texas native and father of three has spent 14 years in oil and gas, and he epitomizes what this monthly meetup is all about. 

Haby started as a surface landman where he brokered land contracts, and later, ran his own oil company. But for the last nine months, he’s exclusively been in the business of mining bitcoin.

As Haby describes it, he was “orange pilled” in November 2020 – a term used to describe the process of convincing a fiat-minded person that they are missing out by not investing in bitcoin. A month later, he co-founded Limpia Creek Technologies, which powers bitcoin mining rigs with flared, vented, and stranded natural gas assets.

“When I heard that you could make this much money per MCF (a metric used to measure natural gas), instead of just burning it
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