Crusoe Energy announced the sale of its Bitcoin mining business to NYDIG to concentrate on artificial intelligence development.
Agreement with NYDIG
On March 25, Crusoe announced the sale of its Bitcoin mining and flare gas business to NYDIG. The deal includes 270 megawatts of power from over 425 modular data centers and the transition of 135 employees. Crusoe's founder highlighted this move as a step to focus on new endeavors.
Crusoe's AI Expansion Plans
Crusoe Energy is investing in expanding its artificial intelligence infrastructure. The company recently expanded its AI data center in Texas to 1.2 gigawatts and formed a joint venture to develop large data center campuses.
NYDIG's Views on the Acquisition
NYDIG believes that acquiring Crusoe's business will strengthen Bitcoin's security network. The proof-of-work system's reinforcement is seen as crucial.
The sale to NYDIG allows Crusoe to focus on AI while NYDIG strengthens its role in supporting the Bitcoin network.
