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Crusoe Energy Raises $505 Million

  • Crusoe Energy raised $505 million in a clear energy-focused funding spherical to allow the corporate to deal with large-scale bitcoin mining.
  • The spherical, led by G2 Venture Partners, supplied $350 million in fairness and $155 million in company credit score capability.
  • G2 Venture Partners will be part of the board of administrators at Crusoe and mentioned the funding will enable the miner “to continue innovating its industry-leading technology.”

Crusoe Energy, one of many pioneers in utilizing stranded pure gasoline to mine bitcoin, has raised $505 million in capital cut up amongst fairness and company credit score capability, in accordance to a press release.

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