NYDIG is set to acquire Crusoe's bitcoin mining operations and Digital Flare Mitigation (DFM) business.
Approximately 135 Crusoe employees will join NYDIG and no job eliminations are expected.
Crusoe has developed DFM technology to convert natural gas from oil fields into electricity for bitcoin mining and AI workloads.
Crusoe's bitcoin mining operations have deployed over 425 modular data centers, mitigating greenhouse gas emissions and preventing natural gas flaring.