Canadian Bitcoin mining firm Upstream Knowledge Inc. has filed a patent lawsuit in opposition to Delaware company Crusoe Power Programs LLC in america District Court docket for the District of Colorado.
The lawsuit alleges that Crusoe infringed Upstream’s patent associated to bitcoin mining know-how used to transform stranded pure fuel into bitcoin. In keeping with the criticism, Upstream holds the patent for a system that operates a blockchain mine at distant oil effectively websites utilizing stranded fuel to generate electrical energy for cryptocurrency mining. In keeping with the submitting, the corporate has deployed over 350 bitcoin mining programs throughout the US and Canada, addressing the difficulty of stranded fuel venting and flaring.
Crusoe, which manufactures and operates cryptocurrency mining programs linked to stranded pure fuel wells, is accused of competing with Upstream by promoting and working comparable programs. The criticism alleges that Crusoe’s “Digital Flare Mitigation” programs infringe Upstream’s patented know-how. The lawsuit additional alleges that Crusoe was conscious of Upstream’s patented know-how whereas creating its personal merchandise. The lawsuit highlights cases the place Crusoe recognized Upstream as a competitor in weblog posts and claims made in patent purposes.
The lawsuit seeks damages and an injunction in opposition to Crusoe for patent infringement. Upstream claims that Crusoe’s actions have brought on harm to the enterprise by infringing its patent rights and creating unfair competitors within the market.
The case can be heard in america District Court docket for the District of Colorado, the place Crusoe has fastened and established locations of enterprise, in response to the submitting. Upstream claims within the lawsuit that the court docket has jurisdiction over the case.
