Fun

Gas-to-Bitcoin Firm Crusoe Energy Sues Rival Alkane Midstream Over Patent Infringement

News Feed - 2022-08-27 09:08:47

Gas-to-Bitcoin Firm Crusoe Energy Sues Rival Alkane Midstream Over Patent Infringement


The Denver-based gas-to-bitcoin infrastructure company Crusoe Energy is suing the rival firm Alkane Midstream LLC over alleged patent infringement and poaching customers in Colorado. Crusoe’s lawsuit claims since November 2019, “Alkane was actively monitoring Crusoe and its business.” Crypto Flare Mitigation Company Crusoe Files a Lawsuit Against the Texas-Based Alkane Midstream


Gas-to-bitcoin flare mitigation company Crusoe Energy filed a lawsuit against the company Alkane Midstream on August 22, 2022. The gas-to-bitcoin infrastructure firm is asking the Denver division of Colorado’s federal court to order Alkane to stop infringing on two patents.


The lawsuit obtained by Bitcoin.com News also claims Alkane caused Crusoe to lose work after two gas and oil refiners backed away from agreements made with the company in November 2021. The two gas and oil producers are called the “Colorado Producers,” and are not officially named in the lawsuit filed against Alkane.


“Alkane has infringed Crusoe’s patents in Colorado and has interfered with Crusoe’s current and prospective business relations in Colorado,” the company’s lawsuit details. Cruso’s legal complaint further insists Alkane “committed, aided, abetted, or participated in the tortious act of patent infringement.”


A report published on August 26, quoting businessden.com, noted that Alkane CEO Ryan Blazee called the trial “disappointing” and there was “little surprise.” Blazzi said that some of the things claimed in the complaint will be regretted. The CEO further said that Alkane had worked with Crusoe Energy prior to the filing, and there were no grievances. The two patents mentioned in the lawsuit are U.S. Patent No. 10,862,307 (the 307 patent) and U.S. Patent No. 10,862,309 (the 309 patent).


Crusoe Energy previously raised $505 million in April 2022, and the company has been working with a number of gas and oil producers in North America. Alkane Midstream and Crusoe Energy are not the only companies working with gas-to-bitcoin solutions, as firms like Validus Power, Greenidge Generation, Upstream Data, Vespene Energy, and EZ Blockchain leverage similar flare mitigation technologies.


In addition to the alleged patent infringement, after the deals in November 2021 were canceled, Crusoe claims the president of the “Colorado Producers” said the firm’s services were no longer needed because “the ‘Colorado Producers’ had contracted with Alkane.” Crusoe is not only asking for the court to order Alkane to stop infringing the two patents but it is also seeking monetary damages and a “trial by jury on all issues.” Tags in this story 2 patents, Alkane Midstream, Bitcoin, Bitcoin mining, Colorado federal court, Colorado Producers, Court, Crusoe Energy, Crusoe Energy Solutions, Denver, Denver Colorado, EZ Blockchain, Flare Gas, flare mitigation, gas producers, gas-to-bitcoin, Greenidge Generation, Lawsuit, legal matters, Litigation, oil and gas producers, oil producers, patent infringement, Patents, Texas, Upstream Data, Validus Power, Vespene Energy


What do you think about Crusoe Energy’s lawsuit against Alkane Midstream? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today. China"s Yuan Continues to Depreciate Against Greenback, Real Estate Crisis Exposed 2 Decades of Accumulated Risk NEWS | 13 hours ago While Almost 80% of Russians Know Crypto, Only 6% Understand It Well, Survey Finds NEWS | 23 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleAfghanistan Closes Down 16 Cryptocurrency Exchanges, Arrests Operators Next articleIndian Crypto Market Is Growing: Report Shows the Country Has 115 Million Crypto Investors Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItCentral Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year


The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms FBI Issues Alert Concerning Malicious State-Sponsored North Korean Hackers Targeting Crypto Firms

News Feed

Biggest Movers: AVAX, RUNE up Over 10%, as CAKE Surges 20% on Thursday
Biggest Movers: AVAX, RUNE up Over 10%, as CAKE Surges 20% on Thursday AVAX was once again higher on Thursday, rising for its fourth consecutive session, as it further cements itse
Crypto Super PAC spends $1.7M on media buys as Arizona primary looms
Turner Wright2 hours agoCrypto Super PAC spends $1.7M on media buys as Arizona primary loomsProtect Progress used roughly $415,000 to fund a media buy for former Aspiration CEO Andrei Cherny, a Democrat running for Congr
Mi Store Portugal Reveals Crypto Acceptance, Xiaomi Says ‘Decision Was Made Without Knowledge or Approval’
Mi Store Portugal Reveals Crypto Acceptance, Xiaomi Says "Decision Was Made Without Knowledge or Approval" On August 5, the Mi Store in Portugal announced that i
Ethereum Classic Hashrate Taps All-Time High Nearing 50 TH/s Ahead of The Merge
Ethereum Classic Hashrate Taps All-Time High Nearing 50 TH/s Ahead of The Merge Ethereum Classic’s hashrate surpassed the 40 terahash per second (TH/s) region last Wednesday
pNetwork Launches Wrapped EOS on Ethereum to Connect the Two Biggest DeFi Ecosystems
pNetwork Launches Wrapped EOS on Ethereum to Connect the Two Biggest DeFi Ecosystems During the last year, Ethereum’s DeFi ecosystem has grown exponentiall
Savannah Fortis9 hours agoTwitter rival Mastodon’s active user base increases by 100K+A day after Twitter implemented new restrictions on the number of posts users can view, rival platform Mastodon reported a major inc
Dead On Arrival: 25% Of New Crypto Tokens Didn’t Survive Q1 ’25
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Base sets record high DEX volume day, surpassing $1B
Ciaran Lyons3 hours agoBase sets record high DEX volume day, surpassing $1BMost of the trading activity took place on UniSwap, accounting for 64.3% of the volume, followed by Aerodrome Finance at 9.7%, and SharkSwap at 7
William Suberg7 hours agoBitcoin hits 2-week low on US inflation data — When will BTC price bounce?BTC price downside follows renewed inflation fears amid a prediction that Bitcoin might only reverse upward in December
Soneva’s Luxury Resorts Now Accept Crypto Payments
Soneva"s Luxury Resorts Now Accept Crypto Payments Luxury resort chain Soneva has reportedly begun accepting cryptocurrency payments at its resorts in the Maldives and Thailand. &#
24 Hour Double-Digit Crypto Gainers: Ecash Jumps 40%, Tezos Spikes 16%, Arweave Gains 12%
24 Hour Double-Digit Crypto Gainers: Ecash Jumps 40%, Tezos Spikes 16%, Arweave Gains 12% During the last week, a large quantity of popular crypto assets have co
US Asks Japan to Pressure Crypto Exchanges, Miners Working With Russia, Report Unveils
US Asks Japan to Pressure Crypto Exchanges, Miners Working With Russia, Report Unveils U.S. diplomats have reportedly called on authorities in Tokyo to increase pressure on Japanes