{"id":34062,"date":"2025-06-11T15:54:13","date_gmt":"2025-06-11T15:54:13","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=34062"},"modified":"2025-06-11T11:54:59","modified_gmt":"2025-06-11T15:54:59","slug":"cully-cavness","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/cully-cavness\/","title":{"rendered":"Cully Cavness"},"content":{"rendered":"
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Unedited by Larry Chiang<\/div>\n
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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:<\/div>\n
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**Crusoe Energy Systems** is a Denver-based company founded in 2018 that uses flare gas\u2014a byproduct of oil drilling typically burned off\u2014to 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<\/a>)[](www.coindesk.com\/business\/2022\/10\/12\/bitcoin-miner-crusoe-energy-buys-fellow-flared-gas-operator-gam<\/a>)[](decrypt.co\/98424\/bitcoin-firm-crusoe-energy-raises-505-million-grow-flare-gas-mining-business<\/a>)<\/div>\n
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**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\u2019s 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\/<\/a>)[](crusoe.ai\/newsroom\/how-a-natural-gas-powered-bitcoin-miner-became-a-darling-of-climate-tech\/<\/a>)[](crusoe.ai\/newsroom\/crusoe-goldman-sachs-builders-and-innovators\/<\/a>)<\/div>\n
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If you meant a different company or person, please clarify, and I\u2019ll refine the response!<\/div>\n

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Forbes Middle East<\/a><\/b><\/td>\n<\/tr>\n
\u2066\u202a@Forbes_MENA_\u202c\u2069<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/td>\n<\/tr>\n
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Crusoe Energy got its start harnessing oilfield flare gas to mine bitcoin. So how did cofounders Chase Lochmiller and Cully Cavness end up building the first phase of the world\u2019s biggest AI datacenter \u2013 $500 billion Project Stargate \u2013 for OpenAI and Oracle?<\/p>\n

#Forbes<\/a> <\/p>\n

For more pic.x.com\/yl8kHJlMPF<\/span><\/a><\/td>\n<\/tr>\n

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4\/12\/25, 11:00\u202fPM<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n <\/td>\n<\/tr>\n
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\"image0.jpeg\"\"image1.jpeg\"\"image2.jpeg\"\"image3.jpeg\"\"image4.jpeg\"<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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\u2014a byproduct of oil drilling typically burned off\u2014to power Bitcoin […]<\/p>\n","protected":false},"author":1,"featured_media":34063,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-34062","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/34062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=34062"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/34062\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media\/34063"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=34062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=34062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=34062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}