Crusoe Energy Raises $505 Million

  • Crusoe Energy raised $505 million in a clean energy-focused investment round to enable the company to focus on large-scale bitcoin mining.
  • The round, led by G2 Venture Partners, provided $350 million in equity and $155 million in corporate credit capacity.
  • G2 Venture Partners will join the board of directors at Crusoe and said the funding will allow the miner “to continue innovating its industry-leading technology.”

Crusoe Energy, one of the pioneers in using stranded natural gas to mine bitcoin, has raised $505 million in capital split among equity and corporate credit capacity, according to a press release.