The World Economic Forum (WEF) recently released a video showcasing the technology and facilities of a cryptocurrency mining firm, without directly mentioning the digital asset being mined. The video, released on April 20, highlighted efforts towards reducing flaring by Crusoe Energy Systems, a Bitcoin mining firm based in Colorado. Throughout the video, the presentation of mining facilities is evident but not directly addressed. Crusoe Energy builds and operates modular data centers co-located with waste energy sources to use wasted methane streams for power generation, producing ultra-low-cost computing infrastructure by utilizing stranded energy sources that would otherwise go unused.
The video was shared on Twitter by Michael Saylor, co-founder of MicroStrategy, who stated that even the WEF recognizes the environmental benefits of Bitcoin mining. The video also caught the attention of Kristine Cranley, a director at the Texas Blockchain Council, who noted that the video did not mention the word “Bitcoin.” Crusoe Energy recently acquired the operating assets of Great American Mining and expanded its mining assets with 4,000 application-specific integrated circuit (ASIC) crypto-mining rigs, adding over 10 megawatts (MW) to its mining output. The firm also partnered with the government of Oman to install its equipment for capturing gas waste to use as computing power for crypto mining.
