Sean Milmoe on 360 Energy, Stranded Gas, and Off-Grid Bitcoin Mining

In this episode of the Becoming Sovereign podcast, host Brandon Karpeles sits down with Sean Milmoe, CFO of 360 Energy. Sean shares his fascinating transition from traditional oil and gas investment banking at Credit Suisse and Blackstone to deploying fully off-grid Bitcoin mines in the harsh oil fields of West Texas. The conversation breaks down the mechanics of 360 Energy's operations, where they utilize 1.5 megawatt natural gas generators to consume associated gas that would otherwise be flared, turning a stranded byproduct into monetized hashrate. Sean provides an insider's look at the steep physical learning curve of generating reliable power in an oil field, the unique economics of the Permian Basin's Waha hub where natural gas frequently hits negative prices, and why major investments from entities like Halliburton Labs are helping bridge the gap between traditional energy and Bitcoin. In this episode, we cover: • The Origin of 360 Energy: How an initial Excel model for mining with cheap natural gas turned into a boots-on-the-ground reality in the Barnett and Permian Shales. • Off-Grid Infrastructure: The logistics of deploying skid-mounted natural gas generators and ASIC containers on isolated 5-acre pads in Tarzan, Texas, supported by 24/7/365 field crews. • The Waha Hub & Negative Gas: Why a lack of takeaway pipeline capacity in West Texas results in an oversupply of associated gas, driving local prices below zero and creating massive opportunities for miners. • The AI Grid Squeeze: How the explosive power demands of AI data centers are forcing mega-miners to unplug from systems like ERCOT, dispersing the Bitcoin network's hashrate toward off-grid, stranded energy. • Bridging Oil & Gas with Bitcoin: Navigating the corporate ladder of major energy producers, overcoming "cowboy" industry stigmas, and leveraging 360 Energy's 2024 partnership with Halliburton Labs. • Historical & Energy Rabbit Holes: A deep dive into the Malthusian undertones of the green energy transition, the revival of nuclear power for AI, alternative histories, and the Bretton Woods secrets detailed in The Wealth of Shadows. Connect with Sean Milmoe & 360 Energy: • Website: ⁠360energyco.com⁠ • LinkedIn: Sean Milmoe / 360 Energy Connect with Brandon & Sovreign: Website: ⁠sovreign.io⁠ LinkedIn: ⁠Brandon Karpeles⁠ Nostr: @plebiAnon X: ⁠@sovreignBTC