Permex Petroleum Corporation has announced a strategic partnership with Texas-based 360 Energy, Inc. The collaboration aims to integrate modular bitcoin mining operations into Permex's oil and gas activities in the Permian Basin. This initiative seeks to enhance the monetization of natural gas by utilizing 360 Energy's expertise in deploying scalable, pad-based computing systems. The partnership is expected to not only increase asset value through improved natural gas realizations but also improve environmental performance by reducing methane emissions. While a non-binding Letter of Intent has been signed, both parties are working towards a definitive agreement that could transform how hydrocarbons and digital assets are co-developed.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Permex Petroleum Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 263045) on August 19, 2025, and is solely responsible for the information contained therein.
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