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Bitcoin Miner Crusoe Energy Buys Fellow Flared-Gas Operator GAM

Under the agreement, Crusoe will take over all of GAM’s operating assets across five states, the firm said in a press release on Wednesday. Those assets comprise more than 10 megawatts (MW) of operational bitcoin mining capacity, about 4,000 application-specific integrated circuit (ASIC) miners, a manufacturing facility in Louisiana, 24 employees and commercial relationships with several large-scale energy producers in North Dakota and Montana. GAM’s facilities will be using Crusoe’s patented technology for flared-gas mitigation.