We’re operators. We built and ran our own natural gas bitcoin mining site in the Permian Basin for four and a half years, with our own money on the line, at 98% average uptime. Now we help bitcoin miners get the gas nobody else can find and assemble everything else they need to get online and stay running. We also work with oil and gas companies who want a real buyer for their gas, and we run a 3-day training for anyone who wants to learn the business before committing capital. Every gas contact and vendor we connect you with is someone we found because we needed them ourselves first.
Verde Gas Partners is led by Chief Executive Officer Paul Cockerham, a 20-year upstream oil and gas veteran with five years of Bitcoin mining operations experience; Chief Operating Officer Mike Santaniello; and Chief Strategy Officer Brendon Krabill. We’ve handled every piece of a gas-powered mining site ourselves, so we can talk any part of your project in depth.
Yes. You can see video testimonials and read reviews from past clients and training participants on our website. We’re also building out more detailed case studies, including an operator we helped scale from 4 to 25 MW. If you want to speak with someone who has worked with us directly, reach out and we’ll make an introduction.
We work with bitcoin miners, oil and gas companies, and investors. If you’re a miner looking for cheaper power, we source the gas and assemble the team to get you online. If you already have gas, we consult on your equipment and site design. If you’re an oil and gas company, we bring you a qualified buyer at no cost to you. And if you want to learn the business first, our 3-day training is the fastest way in. Reach out and we’ll help you figure out the right next step.
Stranded natural gas can be the cheapest power on earth, but the deals aren’t easy to find and the relationships take years to build. We’ve spent those years in the field, and we kept every relationship from running our own site. We have both pipeline and wellhead gas contracts available right, and we’ve sourced 25 MW of gas for miners so far. That’s the part most miners can’t do alone, and it’s where we start.
It starts with the gas, then covers everything else you need to get online and stay running. We source the gas, then assemble equipment, generators, mining hardware, containers, transport, maintenance, and operations from the specialists we’ve already worked with. You get whichever pieces you need through one relationship instead of chasing a dozen vendors separately. You end up with a fully operating site without piecing it together alone.
The site is yours. We source the gas and assemble the team to get you online and keep you running, but we’re not running it for you day to day. We connect you with the right gas, the right equipment, and the right people, and we make sure the pieces fit together. From there you have options: some operators run the site themselves, others hire our service partners to handle the day-to-day. Either way, you own the operation and make the calls, and it helps to understand how the system works so you know whether it’s being run well.
We’ve run our own site on this kind of gas, so we know what actually works for mining and what doesn’t. We evaluate gas composition, volume, and pressure from the operations side before it ever gets to you, so you’re getting a vetted deal rather than a broker’s promise.
Both. We have pipeline and wellhead gas contracts available. Which one fits depends on your equipment, your scale, and your logistics, and that’s part of what we help you sort out.
We only make money when your site is up and running. We don’t take a cut and disappear. Our compensation is tied to your site actually working, so our incentives are lined up with yours from day one. For specifics on your situation, reach out and we’ll walk you through it.
You could source gas, equipment, generators, and a service team on your own, but you’d be managing a dozen relationships and hoping they all line up. Knowing who’s actually reliable is one of the hardest parts of the business, and it’s what we’ve spent years figuring out. We kept every vendor and service relationship from building and running our own site, so instead of guessing, you get connected to people we’ve already worked with, at rates we’ve already negotiated, through one point of contact.
You can use your own gas. If you already have a gas deal, our standalone consulting is built for you. We help match your equipment and site design to your gas volume, composition, and logistics so you avoid the expensive mistakes. If you’d rather we source the gas, that’s the core offer, and consulting is included free when you deploy on a Verde-sourced site.
The core components are a natural gas source (wellhead, pipeline, or flare), a generator that converts gas into electricity, mining containers housing ASIC hardware, electrical and networking infrastructure, and monitoring software. The generator is the most critical piece. Matching the right genset to your gas supply depends on gas quality, pressure, volume, and electrical requirements. As one participant learned at the training: “The most important guy you’re going to hire is the generator guy.”
Yes. Bitcoin mining converts natural gas into electricity on-site and uses it to mine bitcoin. You don’t need a pipeline or a grid connection. The equipment is modular and can be deployed at remote well sites where traditional infrastructure doesn’t reach. For producers currently flaring or selling gas for pennies, mining turns a wasted asset into a new revenue stream. If you have gas and want a buyer, we can bring you a qualified miner at no cost to you.
In most cases, yes. That’s the entire reason bitcoin miners are moving to natural gas. Grid power costs continue to rise, and miners on the grid face curtailment risk and thin margins. Natural gas can produce electricity at a fraction of grid rates.
Profitability depends on your gas cost, generator efficiency, equipment costs, bitcoin hashprice, and operational uptime. The key is that natural gas can produce electricity at relatively cheap rates compared to any other source, which puts your operation on the most profitable end of the bitcoin mining spectrum.
There’s no single number. Viability depends on gas cost, gas quality, equipment choices, and deal structure. Some operators start with a single well producing enough gas to power a small setup. Others evaluate multi-well portfolios with thousands of MCF per day. We have seen successful deployments on as little as 100 Mcf/d and as much as 10,000 Mcf/d and more. For most operations, at least 300 Mcf/d is preferred.
It happens, and it would affect your profitability, at least temporarily. Bitcoin mining profitability (the hashprice) is determined by the bitcoin price and the network difficulty. As other miners drop off the network, difficulty goes down and your profitability goes back up. The advantage of natural gas mining is that your power cost is lower than grid miners, so you have more margin to survive when the market tightens.
Bitcoin has been operating continuously since 2009, is traded on regulated exchanges worldwide, and has a market capitalization in the trillions of dollars. You don’t have to hold bitcoin after mining it. Many operators convert it to cash daily or weekly. It’s like any other commodity you produce except that it can be sold online into a global market that trades 24/7. You can liquidate bitcoin for cash as quickly and frequently as you want.
Most deployments take 3-6 months from initial evaluation to live operations, mostly due to equipment lead times. The major phases are evaluating the gas opportunity, designing the system, sourcing equipment and partners, executing the buildout, and bringing the site online. Timelines vary by project. When we source the gas and assemble the team, we can often move faster because the relationships and rates are already in place.
The mistakes that cost the most come from things people didn’t know to check. Sourcing the wrong equipment for the gas quality or climate. Failing to check acreage dedications, surface use agreements, and other contract obligations. Not accounting for surface stability and water drainage. Forgetting to forecast equipment transportation costs. Buying poorly repaired used equipment. Skipping recommended maintenance schedules, especially for the generators. We’ve seen others make all of them, and helping you avoid them is the whole point of the sourcing, consulting, and training.