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.
Related posts
-
Is Bitcoin Manipulated? Experts Explain ‘Small’ ETF Inflow Impact
The US spot Bitcoin Exchange-Traded Funds (ETFs) have been witnessing a historic run of inflows, marking... -
Bitcoin miner Riot Platforms acquires 12% stake in Bitfarms
Colorado-headquartered crypto mining company Riot Platforms has acquired ownership of a 12% stake in rival Bitfarms... -
Bitcoin Surges Past $71,000, But TD Sequential Says ‘Sell’
The Tom Demark (TD) Sequential has given a sell signal for Bitcoin after the asset broke...