Canadian Bitcoin mining company Upstream Knowledge Inc. has filed a patent infringement lawsuit towards Delaware restricted legal responsibility firm Crusoe Vitality Programs LLC in america District Court docket 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. In accordance with the criticism, Upstream holds the patent for a system that powers a blockchain mine at distant oil effectively websites utilizing stranded fuel to generate electrical energy for cryptocurrency mining. In accordance with the submitting, the corporate has deployed over 350 bitcoin mining programs throughout the U.S. and Canada, addressing the problem of stranded fuel venting and flaring.
Crusoe, which manufactures and operates cryptocurrency mining programs linked to stranded pure fuel sources, is accused of competing with Upstream by promoting and working related programs. The criticism claims that Crusoe’s “Digital Flare Mitigation” programs infringe on Upstream’s patented know-how. The lawsuit additional alleges that Crusoe was conscious of Upstream’s patented know-how in the course of the growth of its personal merchandise. The lawsuit submitting highlights situations the place Crusoe recognized Upstream as a competitor in weblog posts and claims made in patent purposes.
The lawsuit seeks damages and injunctive aid towards Crusoe for patent infringement. Upstream argues that Crusoe’s actions have induced hurt to its enterprise by infringing on its patent rights and creating unfair competitors out there.
The case will probably be heard in america District Court docket for the District of Colorado, the place Crusoe has common and established locations of enterprise in line with the submitting. Upstream asserts within the lawsuit that the courtroom has jurisdiction over the case.