# Why Oil Companies Are Quietly Mining Bitcoin w/ Stephen Barbour

Page: https://stenobird.com/podcast/hashrateup-a-bitcoin-mining-podcast-6575766/why-oil-companies-are-quietly-mining-bitcoin-w-stephen-barbour
Text version: https://stenobird.com/podcast/hashrateup-a-bitcoin-mining-podcast-6575766/why-oil-companies-are-quietly-mining-bitcoin-w-stephen-barbour.md
Podcast: [HashrateUp - A Bitcoin Mining Podcast](https://stenobird.com/podcast/hashrateup-a-bitcoin-mining-podcast-6575766)
Published: 2026-04-02T15:12:38+00:00
Episode link: https://podcasters.spotify.com/pod/show/ben-raich8/episodes/Why-Oil-Companies-Are-Quietly-Mining-Bitcoin-w-Stephen-Barbour-e3ibmd6
Audio file: https://anchor.fm/s/111cf6d4c/podcast/play/118921062/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-3-23%2F422695319-44100-2-f1c880210ffcf66e.mp3
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JSON: https://stenobird.com/v1/public/podcasts/hashrateup-a-bitcoin-mining-podcast-6575766/episodes/why-oil-companies-are-quietly-mining-bitcoin-w-stephen-barbour
Duration seconds: 3213

## Resource

🔗 Steve Barbour: X (Twitter): https://x.com/SGBarbourLinkedIn : https://www.linkedin.com/in/stephen-barbour-3b6b3092/Upstream Data: https://upstreamdata.ca Steve Barbour, founder of Upstream Data, has been building off-grid Bitcoin mining infrastructure for oil and gas companies since 2017. In this episode, Jesse sits down with Steve to explore why oil companies are now self-mining Bitcoin, how the secondary ASIC market is finding a home in the oilfield, and what portable infrastructure really means for the future of mining. They dig into Steve's three-bear-market journey building Upstream Data, why he added VFDs and generator packages to straddle both the Bitcoin and oil field services markets, and what the AI pivot actually means for miners who stayed flexible. Steve also shares why he believes Bitcoin belongs at the edge — and why the big miners who built fixed grid facilities may have made a costly mistake. Whether you're an operator, an energy professional, or a serious Bitcoiner, this episode is packed with ground-level insight from someone who has been doing oilfield Bitcoin mining longer than almost anyone. 🛠 Sponsored by: Hashbranch – Hosting & hardware made simple Code: HASHRATEUP100 https://hashbranch.com SoloMining – Home & solo mining made easy Code: HASHRATEUP https://solomining.de Altair Technology – Buy Bitcoin Mining Solutions Code: HASHRATEUP https://altairtech.io 📲 HashrateUp Hardware Deals Telegram: https://t.me/hashrateup 📩 HashrateUp Newsletter https://hashrateup.com/newsletter-sign-up/

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## Transcript

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