Gas Flared Bitcoin Mining Pioneer Crusoe Energy Raises $505M

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  • Crusoe Energy has raised $505 million in a clean energy-focused investment round to allow the company to focus on large-scale bitcoin mining.
  • The round, led by G2 Venture Partners, provided $350 million in equity and $155 million in corporate credit capacity.
  • G2 Venture Partners will join Crusoe’s board of directors and said the funding will allow the miner “to continue to innovate in its cutting-edge technology.”

Crusoe Energy, one of the pioneers in using failed natural gas to mine bitcoin, has raised $505 million in capital split between equity and corporate credit capacity, according to a Press release.

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