Canadian Bitcoin mining company Upstream Information Inc. has filed a patent infringement lawsuit towards Delaware restricted legal responsibility firm Crusoe Vitality Methods 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 expertise used to transform stranded pure fuel into bitcoin. In line with the grievance, Upstream holds the patent for a system that powers a blockchain mine at distant oil properly websites utilizing stranded fuel to generate electrical energy for cryptocurrency mining. In line with the submitting, the corporate has deployed over 350 bitcoin mining methods throughout the U.S. and Canada, addressing the difficulty of stranded fuel venting and flaring.
Crusoe, which manufactures and operates cryptocurrency mining methods related to stranded pure fuel sources, is accused of competing with Upstream by promoting and working related methods. The grievance claims that Crusoe’s “Digital Flare Mitigation” methods infringe on Upstream’s patented expertise. The lawsuit additional alleges that Crusoe was conscious of Upstream’s patented expertise in the course of the growth of its personal merchandise. The lawsuit submitting highlights cases the place Crusoe recognized Upstream as a competitor in weblog posts and claims made in patent functions.
The lawsuit seeks damages and injunctive reduction towards Crusoe for patent infringement. Upstream argues that Crusoe’s actions have triggered hurt to its enterprise by infringing on its patent rights and creating unfair competitors available in the market.
The case will likely be heard in the USA District Courtroom for the District of Colorado, the place Crusoe has common and established locations of enterprise in keeping with the submitting. Upstream asserts within the lawsuit that the court docket has jurisdiction over the case.