Canadian Bitcoin mining company Upstream Data Inc. has filed a patent infringement lawsuit in opposition to Delaware restricted legal responsibility firm Crusoe Energy Systems LLC in america District Courtroom for the District of Colorado.
The lawsuit alleges that Crusoe has infringed on Upstream’s patent associated to bitcoin mining expertise used to transform stranded pure gasoline into bitcoin. In response to the grievance, Upstream holds the patent for a system that powers a blockchain mine at distant oil properly websites utilizing stranded gasoline to generate electrical energy for cryptocurrency mining. In response to the submitting, the corporate has deployed over 350 bitcoin mining methods throughout the U.S. and Canada, addressing the difficulty of stranded gasoline venting and flaring.
Crusoe, which manufactures and operates cryptocurrency mining methods linked to stranded pure gasoline sources, is accused of competing with Upstream by promoting and working comparable methods. The grievance claims that Crusoe’s “Digital Flare Mitigation” methods infringe on Upstream’s patented expertise. The lawsuit additional alleges that Crusoe was conscious of Upstream’s patented expertise through the improvement of its personal merchandise. The lawsuit submitting highlights cases the place Crusoe recognized Upstream as a competitor in weblog posts and claims made in patent functions.
The lawsuit seeks damages and injunctive aid in opposition to Crusoe for patent infringement. Upstream argues that Crusoe’s actions have brought on hurt to its enterprise by infringing on its patent rights and creating unfair competitors available in the market.
The case will probably be heard in america District Courtroom for the District of Colorado, the place Crusoe has common and established locations of enterprise in response to the submitting. Upstream asserts within the lawsuit that the court docket has jurisdiction over the case.