Crusoe, from Bitcoin to AI

Alright, the tech world just got a whole lot more interesting. Crusoe Energy, the company that’s been harnessing waste gas from oil fields to power Bitcoin mining, is making a quite unexpected move.

They’re selling their Bitcoin mining business to New York Digital Investment Group to focus on something even bigger, artificial intelligence.

Capturing flared gas

Here’s the deal. Crusoe’s innovative technology captures natural gas that would otherwise be flared off into the air and converts it into electricity for high-performance computing.

It’s been a game-changer for Bitcoin mining, accounting for about 1% of global activity. But now, they’re shifting gears.

The AI business has become the majority of their revenue, and they’re not looking back.

OG modular miners pivot is complete.
Crusoe → AI infra
Giga → grid hardware

Stranded energy still matters.
But who captures the upside is changing. pic.twitter.com/W7v5wvnCyG

— matthew sigel, recovering CFA (@matthew_sigel) March 25, 2025

Focusing

The sale includes 425 modular data centers across seven U.S. states and Argentina, along with 270 megawatts of power generation technology.

NYDIG is taking over, and about 135 Crusoe employees will join their team. It’s a strategic move that will help NYDIG expand its role in supporting Bitcoin’s proof-of-work security.

As Ross Stevens, NYDIG’s founder, puts it, it is critically important to keep the Bitcoin network secure, and at the lowest possible cost.

Future directions

But for Crusoe, this is more than just a simple business deal, it’s a leap into the future, a really big one.

They’ve already closed $600 million in funding to power their AI ambitions, and they’re building massive data centers to support it.

Cully Cavness, Crusoe’s co-founder, sees a huge opportunity ahead, and they’re not alone.

The AI sector is booming, and companies like CoreWeave are also pivoting from crypto to AI with valuations soaring into the billions.

In the end, it’s about vision. Crusoe’s move shows that even the most innovative companies can adapt and thrive in new areas.

The AI revolution is coming, or maybe it’s already here, and Crusoe is leading the charge.

Have you read it yet? The big Bitcoin players are back in town

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