Nigeria’s Green Flare Turns Waste Gas Into Power for Bitcoin Mining

STARTUP VENTURE CAPITALJune 5, 2025 at 10:36 PM UTC

TLDR

In Nigeria’s oil-rich Niger Delta, climate-tech startup Green Flare Holdings is transforming flare gas—long an environmental challenge—into a power source
The company is converting waste gas from oil production into electricity to run Bitcoin mining data centers
Nigeria flares roughly 1 billion standard cubic feet of gas daily—enough to generate up to 9 GW of electricity

In Nigeria’s oil-rich Niger Delta, climate-tech startup Green Flare Holdings is transforming flare gas—long an environmental challenge—into a power source for digital infrastructure. The company is converting waste gas from oil production into electricity to run Bitcoin mining data centers and eventually AI and cloud computing hubs.

Co-founded by Charles Majomi, Green Flare captures associated gas, normally burned off, and uses mobile generators to create off-grid electricity. This energy powers on-site data centers, beginning with Bitcoin mining due to its fast monetization cycle.

Nigeria flares roughly 1 billion standard cubic feet of gas daily—enough to generate up to 9 GW of electricity. Green Flare’s first three sites in Delta State will deliver a combined 53 MW of capacity. Its goal is to scale into AI compute and cloud services, offering low-cost power to global hyperscalers.

Green Flare’s model mirrors efforts in the U.S. by firms like Crusoe Energy and Marathon Digital, but the Nigerian opportunity is larger given the scale of wasted gas and unmet computing demand. The company says its cost per Bitcoin could be as low as $5,000–$12,000, roughly 25% of the industry average.

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Key Takeaways

Green Flare’s model positions Nigeria at the intersection of global trends: reducing methane emissions, meeting the rising demand for computing, and unlocking stranded energy resources. The startup offers a rare convergence of climate action and digital infrastructure, converting gas waste into productive capacity. If successful, the company could turn Nigeria into a low-cost compute frontier. With under 3% of global Bitcoin hash rate and minimal AI infrastructure today, the country has room to grow. The challenge will be navigating regulation, ensuring reliable gas access, and converting early traction into scale. But with gas flaring still costing Nigeria hundreds of millions annually—and compute demand only rising—the opportunity is real.

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