Unedited by Larry Chiang
It seems you meant **Crusoe Energy Systems**, not “Caruso Company,” based on the context of flare gas Bitcoin mining and a co-founder named Chase. Here’s the relevant information:
**Crusoe Energy Systems** is a Denver-based company founded in 2018 that uses flare gas—a byproduct of oil drilling typically burned off—to power Bitcoin mining and other computing operations. This process, called **Digital Flare Mitigation**, diverts natural gas into generators to produce electricity, reducing CO2-equivalent emissions by up to 63% compared to flaring and providing a revenue stream for oil producers. The company has raised significant funding, including a **$350 million Series C round in 2022** led by G2 Venture Partners, plus up to $155 million in credit facilities, totaling $505 million. Crusoe also acquired Great American Mining (GAM) in 2022, adding 10 MW of Bitcoin mining capacity and expanding its operations across five states.[](www.coindesk.com/business/2022/04/21/flared-gas-bitcoin-miner-crusoe-energy-raises-350m-series-c)[](www.coindesk.com/business/2022/10/12/bitcoin-miner-crusoe-energy-buys-fellow-flared-gas-operator-gam)[](decrypt.co/98424/bitcoin-firm-crusoe-energy-raises-505-million-grow-flare-gas-mining-business)
**Chase Lochmiller** is the **CEO and co-founder** of Crusoe Energy Systems. With a background in computer science and expertise in AI and blockchain, Lochmiller started Crusoe with co-founder **Cully Cavness** to address the environmental issue of gas flaring while meeting the energy demands of cryptocurrency mining. Lochmiller’s vision includes expanding Crusoe’s operations to power not only Bitcoin mining but also AI-driven computing through initiatives like **CrusoeCloud**, a cloud computing platform powered by flare gas and renewable energy.[](crusoe.ai/newsroom/chase-lochmiller-bitcoin-podcast/)[](crusoe.ai/newsroom/how-a-natural-gas-powered-bitcoin-miner-became-a-darling-of-climate-tech/)[](crusoe.ai/newsroom/crusoe-goldman-sachs-builders-and-innovators/)
If you meant a different company or person, please clarify, and I’ll refine the response!
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