) mining difficulty and sinking mining profitability, Colorado-based Bitcoin miner Crusoe Energy Systems has announced the acquisition of the operating assets of portable BTC mining operator Great American Mining (GAM).
The deal will see GAM’s operations integrate into Crusoe’s, adding over 10 megawatts (MW) to its mining output and around 4,000 application-specific integrated circuit (ASIC) crypto mining rigs — increasing Crusoe’s capacity by about 9% according to the company.
GAM builds and deploys portable BTC mining facilities — vehicle trailer-mounted containers enclosed with ASIC miners — with the goal of helping oil and gas companies take advantage of stranded or otherwise wasted natural gas by using it to power the facility to mine BTC.
Crusoe will have roughly 125 of these waste gas-powered containers deployed and operating following the acquisition, which it says could reduce an annual CO2-equivalent emission of around 170,000 cars.
The consolidation of these two mining...
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