For logistical reasons, not all of the gas can be captured and transported.
It already operates in North Dakota, Wyoming and Colorado but will use the funds to expand into other areas where flaring is widespread: the Permian Basin , Argentina, Oman and Abu Dhabi.
When selecting new sites, Crusoe makes sure it’s not creating new demand for gas.
Not all electricity consumption is equal, though.
If you assign zero value to Bitcoin, then the electricity consumption is a complete waste.
• Interruptible workload: Mining operations can turn on and off at a moment’s notice, which helps to stabilize energy grids.
The company believes that a mobile, low-cost and energy-efficient data center is a solution that can sustainably power all forms of computing tasks in the future from AI to graphics rendering to digital assets.