Innovation Beverage Group subsidiary BlockFuel starts gas-to-compute operations in Oklahoma
IBG•BlockFuel Energy, approximately 51%-owned by Innovation Beverage Group, has begun operating gas-powered computing and data mining equipment near Stillwater, Oklahoma. Drilling at Steinman #1-23 is expected to begin in early December 2026, subject to approvals and preparations.
1. Operations and drilling plans
BlockFuel Energy has begun operating gas-powered computing and data mining equipment near Stillwater, Oklahoma. Drilling at Steinman #1-23 is expected to begin in early December 2026, subject to regulatory approvals, site preparations and equipment availability. The proposed well targets the Mississippian formation at approximately 4,700 feet; a deeper Wilcox test at approximately 5,100 feet remains under evaluation.
2. Proposed merger
A proposed merger would make BlockFuel wholly owned by Innovation Beverage Group, subject to required approvals and closing conditions. The parent would become BlockFuel Energy Limited.
