American mining company Crusoe Energy Systems has acquired Easter-Owens Electric, a manufacturer of modular data centers and custom power systems.

We’re excited to make Easter-Owens part of the Crusoe team! https://t.co/gSiE1EPJsJ

— Crusoe Energy (@CrusoeEnergy) 23 June 2022

The parties did not disclose the amount of the transaction.

Crusoe operates approximately 100 modular Digital Flare Mitigation rigs for bitcoin mining. They run on energy from the combustion of flare gas in oil fields.

According to a press release, the acquisition follows several years of close collaboration between the firms. Since 2020, the manufacturer is the main supplier of the mining company.

The Easter-Owens integration is expected to enable Crusoe to optimize factory manufacturing, cost, quality and supply chains.

According to the mining company, the takeover will also enable prototypes of new devices to be produced faster.

The Easter-Owens team of around 70 will join the Crusoe team of 172.

The mining firm plans to invest more in personnel, equipment and technology to improve the performance of the purchased business. The company will also support the fulfillment of all existing third-party Easter-Owens orders.

Recall that in April Crusoe raised $350 million in its Series C funding round.

The company has partnered with oil giant ExxonMobil on a pilot project to use flare gas for bitcoin mining.

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