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Middle East Oil Producers Move Into Bitcoin Mining With Crusoe Energy Stakes

The U.S. startup – which uses flared natural gas to power bitcoin mining rigs – counts the sovereign wealth funds of Abu Dhabi and Oman as investors.

Updated May 11, 2023, 6:49 p.m. Published Jun 3, 2022, 5:50 p.m.
Crusoe CEO Chase Lochmiller with Mulham Basheer Al Jarf, deputy president of OIA and chairman of Oman oil company OQ (Crusoe)
Crusoe CEO Chase Lochmiller with Mulham Basheer Al Jarf, deputy president of OIA and chairman of Oman oil company OQ (Crusoe)