Crusoe Energy Systems – DIGIT INFO

BTC miner CleanSpark scoops up thousands of miners amid ‘distressed markets’

DIGIT — Wed, 02 Nov 2022 03:00:12 +0000

CleanSpark bought over 3,800 mining machines at $15.50 per terahash – far below the current market price of $22.94 and an 85.4% discount from the all-time high costs of $106.62 in Dec. 2021.

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Gas-to-Bitcoin Mining Firm Crusoe Energy Systems Raises $505 Million

DIGIT — Fri, 22 Apr 2022 17:30:51 +0000

On Thursday, the bitcoin mining and flare gas mitigation firm Crusoe Energy Systems Inc. revealed it secured $505 million in new capital from strategic investors. According to the announcement, the Series C equity funding round was led by the climate technology venture capital firm G2 Venture Partners (G2VP). Crusoe Energy Systems Secures $505 Million From […]

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Russian Oil Giant Provides Excess Gas to Operations Powering Bitcoin Mining Devices

DIGIT — Sun, 10 Jan 2021 07:00:17 +0000

The firm Gazpromneft, an oil subsidiary of the Russian natural gas and global energy company Gazprom, is giving bitcoin mining operations the chance to power operations by using excess gas for electricity. The Russian firm has allowed a small mining operation to benefit from the excess gas by mining bitcoin on-site at the oil field. […]

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$65M Investment Fuels Natural Gas Provider’s ‘Behind-the-Meter’ Bitcoin Mining Operation

DIGIT — Thu, 05 Mar 2020 18:49:52 +0000

On Thursday, a natural gas-based power plant in Dresden, New York, Greenidge Generation LLC, revealed the energy provider has the capacity to mine around $50,000 worth of bitcoins (5.5 BTC) every day. The 65,000 square-foot natural gas utility plant was upgraded when the firm installed 7,000 bitcoin miners that leverage some of the cheapest natural […]

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