TechFlow news, April 4 — According to The Block, cloud computing company Crusoe has agreed to sell its Bitcoin mining operations to NYDIG (New York Digital Investment Group), marking the company's official shift from the cryptocurrency sector toward artificial intelligence development. The deal is subject to regulatory approval.
As stated in the press release, approximately 135 employees from Crusoe will transfer to NYDIG as part of the transaction. These employees will continue operating the Bitcoin mining business that utilizes wasted energy. Notably, over the past seven years, Crusoe has reduced 2.7 million metric tons of greenhouse gas emissions through this method, operating across seven states in two countries with 425 modular data centers.
Chase Lochmiller, CEO and co-founder of Crusoe, said the company will maintain its "energy-first" philosophy, focusing on expanding AI infrastructure and accelerating the integration of AI into daily life. Going forward, Crusoe will concentrate on developing AI infrastructure solutions, including building data centers optimized for AI workloads.
This strategic pivot echoes angel investor Jason Calacanis' 2023 recommendation to "move from crypto to AI." As the acquiring party, NYDIG will further expand its influence in Bitcoin-related services. The firm currently provides institutional clients with services such as Bitcoin custody, trading, and investment products.
