Crusoe raises $350 million for flared gas Bitcoin mining

But, but, but: CoinDesk's Ayyon Ashraf writes: "In the flaring process, excess natural gas is burned off into the atmosphere as part of oil drilling operations; it has become standard industry practice because of the lack of transportation infrastructure. The process is under environmental scrutiny, however, and President Biden has pledged to cut methane emissions from oil and gas operations."

• Other investors in the round include Valor Equity Partners, Lowercarbon Capital, Polychain Capital, Bain Capital Ventures, Founders Fund, MCJ Collective, Winklevoss Capital, Zigg Capital, DRW VC, Atreides Management, Exor Seeds, CMT Digital, Upper90, Inclusive Capital Partners, Engine No. 1, Tao Capital, Felicis Ventures, Castle Island Ventures, Mitsui & Co. and FootPrint Coalition Ventures.