THE MINING POD: What Bitcoin Miners Get Wrong About Oil And Gas w/ Sean McDonough

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Welcome back to The Mining Pod! Today, Sean McDonough, president and founder of New West Data joins us to talk about the company’s vertically integrated oil and gas bitcoin mining operations in Alberta, Canada. We explore the pros and cons of full O&G ownership versus JV partnerships, barriers for large oil companies entering Bitcoin mining, regulatory considerations in Alberta, and the convergence of oil, gas, and AI data centers.

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**Notes:**

• New West: $1.5M CAD per megawatt CapEx cost

• Alberta flare gas mining still relatively small scale

• Dual revenue streams: oil sales + Bitcoin mining

• Cash flows split evenly between oil and Bitcoin

• Generators are largest CapEx item, more than miners

• Hash rate trading in 800-900 range for months

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Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!