Canadian Bitcoin mining company Upstream Information Inc. has filed a patent infringement lawsuit in opposition to Delaware restricted legal responsibility firm Crusoe Vitality Methods LLC in the US District Court docket for the District of Colorado.
The lawsuit alleges that Crusoe has infringed on Upstream’s patent associated to bitcoin mining know-how used to transform stranded pure gasoline into bitcoin. In line with the criticism, Upstream holds the patent for a system that powers a blockchain mine at distant oil effectively websites utilizing stranded gasoline to generate electrical energy for cryptocurrency mining. In line with 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 criticism claims that Crusoe’s “Digital Flare Mitigation” methods infringe on Upstream’s patented know-how. The lawsuit additional alleges that Crusoe was conscious of Upstream’s patented know-how in the course of the improvement of its personal merchandise. The lawsuit submitting highlights situations the place Crusoe recognized Upstream as a competitor in weblog posts and claims made in patent functions.
The lawsuit seeks damages and injunctive reduction in opposition to Crusoe for patent infringement. Upstream argues that Crusoe’s actions have precipitated hurt to its enterprise by infringing on its patent rights and creating unfair competitors out there.
The case shall be heard in the US District Court docket 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.