Innovation Beverage Group Subsidiary BlockFuel Starts Gas-to-Compute Operations in Oklahoma
Bitget2026/10/28 15:31- BlockFuel Energy, Innovation Beverage Group's approximately 51%-owned subsidiary, has begun operating gas-powered computing and data mining equipment near Stillwater, Oklahoma.
- Drilling at Steinman #1-23 is expected to begin in early December 2026, subject to regulatory approvals, site preparations and equipment availability.
- The proposed well targets the Mississippian formation at approximately 4,700 feet; a deeper Wilcox test at approximately 5,100 feet remains under evaluation.
- A proposed merger would make BlockFuel wholly owned, subject to required approvals and closing conditions; the parent would become BlockFuel Energy Limited.
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