The Denver-based gas-to-bitcoin infrastructure firm Crusoe Power is suing the rival agency Alkane Midstream LLC over alleged patent infringement and poaching clients in Colorado. Crusoe’s lawsuit claims since November 2019, “Alkane was actively monitoring Crusoe and its enterprise.”
Crypto Flare Mitigation Firm Crusoe Recordsdata a Lawsuit In opposition to the Texas-Based mostly Alkane Midstream
Gasoline-to-bitcoin flare mitigation firm Crusoe Power filed a lawsuit in opposition to the corporate Alkane Midstream on August 22, 2022. The gas-to-bitcoin infrastructure agency is asking the Denver division of Colorado’s federal court docket to order Alkane to cease infringing on two patents.
The lawsuit obtained by Bitcoin.com Information additionally claims Alkane precipitated Crusoe to lose work after two gasoline and oil refiners backed away from agreements made with the corporate in November 2021. The 2 gasoline and oil producers are known as the “Colorado Producers,” and aren’t formally named in the lawsuit filed in opposition to Alkane.
“Alkane has infringed Crusoe’s patents in Colorado and has interfered with Crusoe’s present and potential enterprise relations in Colorado,” the corporate’s lawsuit particulars. Cruso’s authorized criticism additional insists Alkane “dedicated, aided, abetted, or participated in the tortious act of patent infringement.”
A report printed on August 26, quoting businessden.com, famous that Alkane CEO Ryan Blazee known as the trial “disappointing” and there was “little shock.” Blazzi stated that among the issues claimed in the criticism shall be regretted. The CEO additional stated that Alkane had labored with Crusoe Power previous to the submitting, and there have been no grievances. The 2 patents talked about in the lawsuit are U.S. Patent No. 10,862,307 (the 307 patent) and U.S. Patent No. 10,862,309 (the 309 patent).
Crusoe Power beforehand raised $505 million in April 2022, and the corporate has been working with a variety of gasoline and oil producers in North America. Alkane Midstream and Crusoe Power aren’t the one firms working with gas-to-bitcoin options, as corporations like Validus Energy, Greenidge Era, Upstream Knowledge, Vespene Power, and EZ Blockchain leverage comparable flare mitigation applied sciences.
Along with the alleged patent infringement, after the offers in November 2021 had been canceled, Crusoe claims the president of the “Colorado Producers” stated the agency’s companies had been now not wanted as a result of “the ‘Colorado Producers’ had contracted with Alkane.” Crusoe isn’t solely asking for the court docket to order Alkane to cease infringing the 2 patents however it’s also looking for financial damages and a “trial by jury on all points.”
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