Canadian Bitcoin mining company Upstream Data Inc. has filed a patent infringement lawsuit in opposition to Delaware restricted legal responsibility firm Crusoe Energy Systems LLC in the USA 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 gasoline into bitcoin. Based on the grievance, Upstream holds the patent for a system that powers a blockchain mine at distant oil effectively websites utilizing stranded gasoline to generate electrical energy for cryptocurrency mining. Based on the submitting, the corporate has deployed over 350 bitcoin mining techniques throughout the U.S. and Canada, addressing the difficulty of stranded gasoline venting and flaring.
Crusoe, which manufactures and operates cryptocurrency mining techniques related to stranded pure gasoline sources, is accused of competing with Upstream by promoting and working comparable techniques. The grievance claims that Crusoe’s “Digital Flare Mitigation” techniques infringe on Upstream’s patented know-how. The lawsuit additional alleges that Crusoe was conscious of Upstream’s patented know-how through the improvement 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 reduction in opposition to Crusoe for patent infringement. Upstream argues that Crusoe’s actions have brought on hurt to its enterprise by infringing on its patent rights and creating unfair competitors available in the market.
The case can be heard in the USA 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 court docket has jurisdiction over the case.
