The Hungarian energy startup is expanding in the USA

Enerhash is partnering with Texas-based Allied Energy

Enerhash is an energy technology and digital infrastructure development company founded by Hungarian energy experts in 2019 in Budapest. The startup has already put into operation its own technology providing renewable energy optimization and network balancing services in countries on several continents, including New Zealand, Sweden and Hungary, and the company has now also entered the US market.

The Hungarian startup has entered into a cooperation agreement with the Texas-based Allied Energy Corporation, according to which they will work together in the future on technological solutions that will utilize energy sources generated during hydrocarbon extraction that have not yet been utilized or simply burned in the air with so-called flaring. The natural gas resources that have been wasted so far are used to power data centers with high computing capacity, which can be used, among other things, for cryptocurrency mining.