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Oil and Gas Giant Shell Inks a 2-Year Sponsorship Deal with Bitcoin Magazine

Shell plc – one of the world’s largest oil and gas companies – has inked a two-year sponsorship deal with Bitcoin Magazine. As per the deal, the company will be one of the sponsors of the next two Bitcoin Conferences.

Representatives from Shell will take the stage to discuss ways to reduce the energy costs of Bitcoin mining through the use of special cooling solutions and lubricants.

Shell Looking to Make Bitcoin Mining More Eco-Friendly

Despite being the 9th-biggest producer of greenhouse gas emissions on the planet until 2015 (according to the company itself), Shell plc is working hard to become more eco-friendly.

Last August, the company revealed it’s starting to use immersion cooling fluids in its data centers. Shell’s experience with cooling solutions inspired the company to start offering the product to the public.

As per the company, about 1% of global energy consumption is spent on data centers, which is an umbrella term for all sorts of novel technologies, including Bitcoin mining. One-third of that energy is wasted on cooling, which is something Shell can help with thanks to its immersion cooling fluids.

“Shell Immersion Cooling Fluid S5 X is designed to reduce energy costs and emissions through its high cooling efficiency, flow behavior, and excellent thermodynamic properties,” said Shell Lubricants boss Darin Gonzalez.

It’s fair to say that not many people are familiar with Shell’s immersion cooling technology, especially not those from the crypto-mining industry. However, that’s going to change once Shell presents its new products at the planet’s largest gathering of Bitcoin enthusiasts – the 2023 Bitcoin Conference.

Shell to Take the Stage at the 2023 Bitcoin Conference

Bitcoin Magazine will host a gathering of cryptocurrency experts and industry leaders on May 18-20, 2023, in Miami Beach, Florida.

The 2023 Bitcoin Conference is supposed to be the largest gathering of the crypto community, with a number of giant multinational corporations taking the stage., the biggest of which is Shell.

The tickets for the 2023 event are already on sale, with general admission tickets starting at $499. Industry passes are $1,399, while Whale VIP passes cost $6,499 when paid in BTC.

Lee Jenkins

Lee is our resident cryptocurrency expert who knows the ins and outs of each coin and the blockchain technology behind them. You’ll find that most of our technical guides are written or overseen by Lee and they are all easily digestible by the new and experienced alike, so there is no better place to learn blockchain 101 than here. Occasionally you may see a news article from him if it’s tech related!