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5 sats \ 3 replies \ @BTCMiner OP 11 Apr 2022 \ on: 🐦 Bitcoin mining farm damaged after gas capture equipment failure | @wsfoxley bitcoin
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It wasn’t the mine. Crusoe was just set up next to the gas capture operation. The gas capture, power generation and mining were all done by 3 separate entities. Gas capture equipment failure. Safeguards in place worked and the well was safely shut in and fire isolated.
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There was a link to a Facebook video from wsfoxley's Twitter thread, but appears that video has been deleted. Not sure why, but there were questions if that video was even for that facility.
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A CoinDesk article on this event:
“Fortunately, nobody was hurt. Our operation was not the cause and was located far enough away from the incident that the damages to Crusoe’s facilities were minimal,”
Crusoe Energy, [...] has several sites across the U.S., including in North Dakota, Montana, Wyoming and Colorado, where it uses wasted natural gas to power bitcoin mining rigs. Crusoe’s customers include Devon Energy (DVN), Kraken Oil & Gas, Canadian oil firm Enerplus (ERF) and others.
North Dakota passed a bill last year incentivizing oil and gas companies to stop flaring by providing a tax rebate for using a flare mitigation system that captures a specified percentage of gas at the site.
Bitcoin Miner Crusoe Mostly Not Affected by North Dakota Oil Site Explosion
https://www.coindesk.com/business/2022/04/11/bitcoin-miner-crusoe-mostly-unaffected-by-north-dakota-oil-site-explosion
https://archive.ph/PnETs <-- An archive, which may be easier to read
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