According to announcements made on March 25, Crusoe Energy has chosen to offload its Bitcoin mining activities to NYDIG in order to focus more on building advanced Artificial Intelligence (AI) infrastructure instead.
NYDIG Expands Bitcoin Mining Footprint with Crusoe Acquisition
Reports disclose that the transaction includes over 425 modular data centers across the U.S. and Argentina, capable of generating 270 megawatts of power, alongside Crusoe Energy’s flare gas mitigation technology. Approximately 135 employees will transition to NYDIG, with Crusoe retaining a major equity stake in the combined business.
As a researcher, I am excited to share my plans for establishing a cutting-edge AI data center campus in Abilene, Texas, by mid-2026. This ambitious project will boast a capacity of 1.2 gigawatts and will be powered solely by renewable energy sources.
To ensure uninterrupted power supply and support the massive GPU clusters required for AI workloads, we have successfully secured partnerships providing us with 4.5 gigawatts of natural gas power. Furthermore, a significant $3.4 billion joint venture has been formed to back this initiative. This collaboration is crucial in ensuring the smooth operation of our data center and its role as a pioneer in AI technology.
The move reflects rising demand for energy-efficient computing, as AI data centers could consume over 8% of global electricity by 2030. Crusoe aims to leverage its expertise in sustainable energy, previously used for bitcoin (BTC) mining, to address AI’s growing power needs in a similar fashion.
Instead of relying heavily on waste gas before, Crusoe now prioritizes renewable energy sources in their operations, aiming for carbon-free activities. At the same time, NYDIG is expanding its bitcoin mining collection by incorporating Crusoe’s technology to boost efficiency in energy usage.
The deal, pending regulatory approvals, highlights evolving priorities in tech and energy sectors, positioning Crusoe as an AI infrastructure leader and NYDIG as a expanded player in bitcoin mining. The once energy-to-crypto enterprise, currently pivoting toward AI, secured $505 million in funding in April 2022, with backing from Robert Downey Jr.’s Footprint Coalition Ventures.
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2025-03-26 21:00