Permex Petroleum Corporation is a junior oil and gas company focused on acquiring, exploring, developing, and producing low-risk oil and natural gas assets in the Permian Basin of West Texas and the Delaware Sub-Basin of Southeast New Mexico. Through its wholly owned subsidiary, Permex Petroleum US Corporation, it operates on private, state, and federal land, emphasizing sustainable growth through Held by Production (HBP) assets and future Blue-Sky projects. In 2022, Permex announced a strategic relationship with 360 Energy to collaborate on in-field computing infrastructure, combining hydrocarbon development with cryptocurrency mining, indicating involvement in powering or supporting crypto mining operations. Their activities include enhanced oil recovery programs (e.g., Bullard Property waterflood) and operational agreements, such as managing 19 wells in the Permian Basin for a monthly fee.
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June 2026 Bitcoin Mining & AI Infrastructure Update: Kevin O’Leary scales back massive Utah AI project after political backlash, MARA transforms with $1.5B Ohio power plant acquisition, Bitdeer breaks ground on 100 MW Alberta gas-powered site, IREN accelerates Nvidia AI pivot, DMG signs 50 MW AI colocation LOI, plus regulatory moves in North Carolina, Riot patent lawsuit, Strategy’s $10.8B unrealized loss, and Cathie Wood’s $1.5M BTC target.




June 2026 Bitcoin Mining & AI Infrastructure Update: Kevin O’Leary scales back massive Utah AI project after political backlash, MARA transforms with $1.5B Ohio power plant acquisition, Bitdeer breaks ground on 100 MW Alberta gas-powered site, IREN accelerates Nvidia AI pivot, DMG signs 50 MW AI colocation LOI, plus regulatory moves in North Carolina, Riot patent lawsuit, Strategy’s $10.8B unrealized loss, and Cathie Wood’s $1.5M BTC target.


