Employees arrive at ConocoPhillips headquarters in Houston, Texas.
F. Carter Smith | Bloomberg | Getty Images
The company said in a statement to CNBC on Tuesday that it has one bitcoin pilot project currently operating in the Bakken, a region in North Dakota known as an important source of new oil production in the U.S.
A representative for ConocoPhillips said the company is not operating the crypto mine itself. Instead, it sells gas that would otherwise have been burned off to a bitcoin processor that is owned and managed by a third party.
Shares of ConocoPhillips are trading around 2.5% lower as of Tuesday…