Categories: Bitcoin Latest News

Upstream Data Files Lawsuit Against Crusoe Energy Systems For Bitcoin Mining Operations

Canadian Bitcoin mining corporation Upstream Data Inc. has filed a patent infringement lawsuit against Delaware limited liability company Crusoe Energy Systems LLC in the United States District Court for the District of Colorado. 

The lawsuit alleges that Crusoe has infringed on Upstream’s patent related to bitcoin mining technology used to convert stranded natural gas into bitcoin. According to the complaint, Upstream holds the patent for a system that powers a blockchain mine at remote oil well sites using stranded gas to generate electricity for cryptocurrency mining. According to the filing, the company has deployed over 350 bitcoin mining systems across the U.S. and Canada, addressing the issue of stranded gas venting and flaring.

Crusoe, which manufactures and operates cryptocurrency mining systems connected to stranded natural gas sources, is accused of competing with Upstream by selling and operating similar systems. The complaint claims that Crusoe’s “Digital Flare Mitigation” systems infringe on Upstream’s patented technology. The lawsuit further alleges that Crusoe was aware of Upstream’s patented technology during the development of its own products. The lawsuit filing highlights instances where Crusoe identified Upstream as a competitor in blog posts and claims made in patent applications.

The lawsuit seeks damages and injunctive relief against Crusoe for patent infringement. Upstream argues that Crusoe’s actions have caused harm to its business by infringing on its patent rights and creating unfair competition in the market.

The case will be heard in the United States District Court for the District of Colorado, where Crusoe has regular and established places of business according to the filing. Upstream asserts in the lawsuit that the court has jurisdiction over the case.

Read More[#item_full_content]Bitcoin Magazine – Bitcoin News, Articles and Expert Insights

Recent Posts

El Salvador Dispatch: Berlín, the Bitcoin Marvel Hidden in the Mountains

In El Salvador, about two hours away from the capital, up in the mountains, lies…

26 minutes ago

Bitcoin OTC Balances Decline, Raising Market Supply Questions

Bitcoin has experienced a challenging period recently, with its price consistently declining over the past…

26 minutes ago

Disappointing U.S. CPI Data Sends Bitcoin Tumbling Below $95K

U.S. inflation unexpectedly marched higher in January, sending crypto and traditional markets sharply lower. The…

1 hour ago

4 Best Meme Coins to Watch as Trump’s Crypto Company Announces Bitcoin Reserve

World Liberty Financial (WLFI), a crypto project Trump has financial interests in, has launched a…

1 hour ago

Crypto Daybook Americas: Inflation Data May Shake Out Bitcoin’s Doldrums as Demand for BTC Picks Up

By Francisco Rodrigues (All times ET unless indicated otherwise) The U.S. inflation report due later…

2 hours ago

Dogecoin Leads Market Slide as Bitcoin Traders Monitor Dollar Positioning

Crypto markets slid 3% in the past 24 hours as traders await U.S. consumer price…

2 hours ago