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The platform currently hosts 40% of the largest publicly traded bitcoin miners and is onboarding more every week, said Hess. It is also working on a sustainability evaluation framework for miners' operations. There is a "growing demand for green BTC among LPs, who are even willing to pay a premium
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Crypto miners like these two work on oil and natural gas wells where excess gas is released, or flared into the atmosphere, adding carbon dioxide equivalents, particularly methane. The miners instead set up power generators that burn that excess gas, extracting energy and using it to power bitcoin mining rigs. Original
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Ensuring that this gas would otherwise be flared, adding onto greenhouse gases, is key to the methodology. SBP wants to "ensure that using this waste gas is not perpetuating the problem," whilst "recognizing that oil and gas will be used for many years to come," said Brad van Voorhees, co-founder
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Crusoe Energy Systems has just acquired the operating assets of
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The acquisition will add around 9% to Crusoe’s capacity, such that the firm will count 125 deployed flare gas-powered modular data centers. This will, in turn, increase its capacity to reduce CO2-equivalent emissions to approximately 800,000 metric tons per year, which is the equivalent of removing approximately 170,000 cars from
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The Denver-based gas-to-bitcoin infrastructure company Crusoe Energy is suing the rival firm Alkane Midstream LLC over alleged patent infringement and poaching customers in Colorado. Crusoe’s lawsuit claims since November 2019, “Alkane was actively monitoring Crusoe and its business.” Crypto Flare Mitigation Company Crusoe Files a Lawsuit Against the Texas-Based Alkane Midstream Gas-to-bitcoin
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It is not just an issue in the U.S. but “a global problem with a global impact,” said Lochmiller, with his company noting the MENA region were responsible for over 38% of the global flaring in 2020. Oman accounted for about 1.8% or 2,517 million cubic meters of that emission,
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“This capital will enable Crusoe to deploy Digital Flare Mitigation at greater scale, to use its solution to accelerate renewable energy deployment, and to continue innovating its industry-leading technology," said Ben Kortlang, partner at G2 Venture. “After a deep dive into flare mitigation and modular data center technologies, we concluded
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Crusoe Energy, which recently was recognized for its “innovative” solution to generating energy by the World Bank’s Global Gas Flaring Reduction Initiative report, has several sites across the U.S., including in North Dakota, Montana, Wyoming and Colorado, where it uses wasted natural gas to power bitcoin mining rigs. Crusoe’s customers
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Adding to the increasing number of major cryptocurrency facilities in the global crypto ecosystem, the Denver-based energy company Crusoe Energy Systems is set to launch a new Bitcoin mining farm after raising $70 million.Crusoe Energy Systems is well known for its role in the oil and gas industry. As a
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