Quantum Expeditions

The core model converts gas that would otherwise be vented or flared at oil and gas production sites into electrical power for Bitcoin mining, giving energy producers a revenue-sharing alternative to burning waste gas while keeping fuel costs below grid-based benchmarks. CEO Doug Hardwick developed the approach with more than two decades of oil and gas asset management and mineral property consulting experience in Texas, drawing on regional operator relationships and the permitting networks required to deploy at remote sites.

Quantum Expeditions brought its first mining site online in December 2023 and has operated profitably since early 2024, currently running approximately 188 miners. A next-generation immersion-cooled container unit co-developed with BixBit USA entered Phase One deployment following a partnership announced April 24, 2025. The agreement pairs Quantum Expeditions' stranded-gas site access with BixBit's proprietary hardware, which applies per-chip firmware optimization to sustain overclocking rates up to 160% while targeting near-zero failure rates and extended machine lifespan. BixBit USA CEO Kevin Mohan characterized the arrangement as supplying both the equipment and access to strategic natural gas locations.

Executive backgrounds span energy, digital finance, and information security. CFO Mati Greenspan is founder and CEO of Quantum Economics, a licensed EU portfolio manager, co-author of *The Complete Guide to FinTech Investing*, and a former eToro executive; CoinTelegraph recognized him among its Top 100 Movers and Shakers in Blockchain. CSO Oz Sultan, who also serves as Chief Architect at Quantum Economics, holds more than 20 years of fintech and security experience and has built systems for Moody's Analytics and The Economist. CTO Nicholas Kresz leads enterprise architecture and risk management. VP of Operations Trent Stephens has deployed Bitcoin mining hardware across multiple U.S. states over the past three years.

Quantum Expeditions raised capital through two Regulation CF rounds on Wefunder, reaching over $1.1 million from more than 700 investors. The most recent round targeted a maximum of $1.235 million at a valuation cap of $33.3 million, closing in April 2025. Quantum Expeditions has secured options to develop up to five additional natural gas sites in its current Texas region and has published a long-range capacity roadmap targeting more than 100 megawatts across multiple locations.

Following the Regulation CF close, Quantum Expeditions plans to launch a Regulation D institutional raise, with dividend distributions targeted from Q3 2025 and a pipeline of identified stranded-gas sites as the foundation for a broader nationwide flare-gas Bitcoin mining network.