Yep. It's also the same idea why we have gas flares on oil wells. It might look like it's oil companies setting stuff on fire for no reason, but it's better than just letting it leak.
Disclosure: I work for Crusoe Energy, who's goal is to eliminate routine flaring and align the future of computing with the future of the climate. We colocate data centers serving crypto miners and a high performance GPU cloud (crusoecloud.com). Our GPUs are indeed "carbon reducing", offsetting the emissions of a car over the course of a year.