Canadian Bitcoin mining company Upstream Information Inc. has filed a patent infringement lawsuit towards Delaware restricted legal responsibility firm Crusoe Power Programs LLC in america District Courtroom 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 fuel into bitcoin. Based on the grievance, Upstream holds the patent for a system that powers a blockchain mine at distant oil properly websites utilizing stranded fuel to generate electrical energy for cryptocurrency mining. Based on the submitting, the corporate has deployed over 350 bitcoin mining methods throughout the U.S. and Canada, addressing the problem of stranded fuel venting and flaring.
Crusoe, which manufactures and operates cryptocurrency mining methods linked to stranded pure fuel sources, is accused of competing with Upstream by promoting and working related methods. The grievance 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 throughout the growth of its personal merchandise. The lawsuit submitting highlights cases the place Crusoe recognized Upstream as a competitor in weblog posts and claims made in patent purposes.
The lawsuit seeks damages and injunctive reduction towards Crusoe for patent infringement. Upstream argues that Crusoe’s actions have brought about hurt to its enterprise by infringing on its patent rights and creating unfair competitors available in the market. The case will probably be heard in america District Courtroom for the District of Colorado, the place Crusoe has common and established locations of enterprise in accordance with the submitting. Upstream asserts within the lawsuit that the courtroom has jurisdiction over the case.
