Crusoe Energy Systems mining company attracted $505 Milln financing – Bits Media

American company Crusoe Energy System, using accompanying gas during oil production for cryptocurrency mining, raised a Series C funding round, during which it attracted $505 million.

According to Crusoe Energy System, в рамках раунда финансирования компания получила $350 млн от венчурной фирмы G2 Venture Partners, and yet $155 млн выделили фирмы SVB Capital, Sparkfund и Generate Capital.

Значительные вложения со стороны G2 Venture Partners объясняются тем, what, as company partner Ben Cortlang said (Ben Kortlang), Cruse is the leader in this direction of mining. The funds will allow the company to “expand its scale and continue to bring innovation to this market.”. Crusoe plans to increase the number of equipment in the USA, and outside the country.

Really, Currently, it is Crusoe equipment that is installed on 86 oil wells, where associated gas is used for mining. При этом установка таких майнинговых центров обоюдовыгодна – Crusoe добывает биткоины, а нефтяным компаниям не надо сжигать сопутствующий газ, pay a tax for it and cause outrage from environmental activists.

The funds received will also be used to accelerate the launch of the CrusoeCloud cloud platform, оборудование в которой будет запитано как от сопутствующего газа, так и от различных возобновляемых источников энергии. Компания планирует расширить количество сотрудников со 157 to 250 By the end of the year.

In March it was reported, that Exxon Mobil is expanding a pilot program to use associated gas for cryptocurrency mining. As part of a pilot program, Exxon signed an agreement with Crusoe Energy Systems to use gas from oil wells in the Bakken shale basin to operate mobile mining complexes.