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BTC Miner Crusoe Energy Seeks Loan for Expansion

BTC Miner Crusoe Energy Seeks Loan for Expansion
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E&P Plus October 2020: On the Move

Check out the latest new hires, appointments and promotions as well as new company office and facility openings. ....

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Oil drillers and Bitcoin miners bond over natural gas

Oil drillers and Bitcoin miners bond over natural gas
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Colorado-founded Crusoe Energy Announces Major Expansion of its Denver Headquarters | Colorado Office of Economic Development and International Trade

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DENVER Crusoe Energy, the locally based energy and technology innovator founded by two Kent Denver graduates, has announced plans to grow its Denver headquarters, expanding their footprint and creating 286 new high-paying jobs in Colorado. The company, founded in 2018, currently has 58 employees, 20 of whom are in Colorado.
Crusoe has pioneered a cost-effective way to capture flaring and environmentally harmful emissions associated with oil and gas extraction, and convert those byproducts into electricity for use in modular, mobile data centers deployed directly to the well site. To meet the explosive demand for this cutting-edge technology, Crusoe will expand its headquarters to support the company’s multi-basin operations. Positions will include operations, engineering, safety, environmental, accounting, finance, legal, human resources, technology, business development and sales & marketing. The average annual salary for these ....

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Oil drillers and Bitcoin miners bond over natural gas | Hellenic Shipping News Worldwide

Oil drillers and Bitcoin miners bond over natural gas
On U.S. oil patches stretching along the Rockies and Great Plains, trailers hitched to trucks back up toward well pads to capture natural gas and convert it on the spot into electricity.
The trailers – carrying pipes, generators and computers – are called “mining rigs.” But their owners aren’t there to drill for oil. They are using stray natural gas unwanted by oil companies to power their search for another treasure: cryptocurrencies like Bitcoin.
Cryptocurrencies are virtual coins exchanged without middlemen, such as central banks, to purchase goods and services. Extracting the currency from cyberspace, however, requires vast amounts of often-expensive electricity. Supercomputers must run constantly in a race against other “miners” to solve complex math problems in order to unlock digital vaults holding the currency. ....

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