Crusoe Energy Systems Acquires Easter-Owens #Crusoe #Energy #Systems #Acquires #EasterOwens Welcome to JibGlobe, here is the new resources we have for you today:
Crusoe Energy Systems Acquires Easter-Owens
According to an announcement on June 22nd, Crusoe purchased Easter-Owens to vertically integrate the company. The Bitcoin miner will integrate Easter-Owens’ data center design and manufacturing capabilities. Notably, Crusoe has been trying to vertically integrate significant operational capabilities in digital technologies, climate-backed power sourcing, and modular infrastructure systems. The company started its integration strategy by uniquely approaching power generation installation. It also began owning and controlling large-scale power generation systems that are backed by wasted and flared natural gas.
Over time, Crusoe has expanded its integrated business operations to include networking systems, software, power generation, and specialized maintenance capabilities. Others are logistics, electrical systems, trading, and more. In April, the company raised $505 million in a Series C financing round to support its mining operations. Specifically, the company generated $350 million in equity financing and an additional $155 million in corporate credit capacity.
Crusoe Announces Acquisition of Easter-Owens Electric Co
As Crusoe acquires Easter-Owens, the former intends to expand the latter’s employee base. Nearly 70 Easter-Owens’ employees will join the Crusoe team, which consists of almost 172 talents. Additionally, Crusoe will onboard more staff and invest in technology and equipment to boost Easter-Owen’s output. The Bitcoin miner will also expand the technologies and facilities to enhance the growth of its Digital Flare Mitigation, Cloud, and other data center operations. Under the new deal, Crusoe will further support the third-party manufacturing business that belongs to Easter Owens.