According to the terms of the contract, the company added 4,000 ASIC miners with a capacity of more than 10 MW purchased from Great American Mining to its fleet.
In addition, Crusoe Energy Systems purchased a data center in Ponchatula, Louisiana, which will be used as a new research and development center. Crusoe Energy Systems announced that the acquisition of operating assets will increase the company’s capacity by 9%:
“This acquisition integrates GAM operations into Crusoe’s DFM systems to leverage orphaned and wasted energy resources to power modular data centers and power-hungry computing.”
Crusoe Energy Systems co-founder and CEO Chase Lohmiller said the company would benefit from commercial relationships with several major energy producers in the Bakken region of North Dakota and Montana:
“We value the relationship Great American Mining has established with Bakken oil and gas producers and look forward to building on that relationship to improve and expand associated gas operations where flaring can be problematic.”
Back in 2019, Crusoe Energy Systems announced the development of mobile modular data centers that can be used to mine cryptocurrencies by consuming excess gas left over from oil production. In Russia, the extraction of cryptocurrency on associated gas began to be carried out by Gazprom Neft three years ago. Now this practice of mining cryptocurrencies is already used in three regions of the Russian Federation.
In August, analysts at Vygon Consulting calculated that 10 mining enterprises using the energy of oil fields consume 85 MW, which is 23% of the power of mining farms in Russia.
Source: Bits
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