Cully Cavness
@Electron_Cowboy
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Co-Founder, President and Chief Operating Officer of @CrusoeEnergy
Denver, CO
Joined July 2019
I was honored to give a #TED talk titled “Turning Fireballs into Bits and Bitcoins” at #TEDxBoston’s inaugural Planetary Stewardship Event, a TED conference organized to highlight actionable environmental ideas. Check it out:
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BTC mining that eliminates flaring goes beyond carbon neutral - it’s carbon negative. BTC mining creates a scalable economic incentive to eliminate greenhouse-intensive methane emissions: @elonmusk @nic__carter @michael_saylor @Bitcoin_Council @MiamiMayor.
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Millions of cubic feet per day of otherwise flared natural gas are becoming #Bitcoin - our team at @CrusoeEnergy is proud to convert waste into computation, and to eliminate methane emissions in the process.
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Saw this 🔥 during my commute into the Vaca Muerta oilfield yesterday in Argentina 🇦🇷 - needs to be mitigated and turned into computing power!
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There is enough gas being flared every day to power the global BTC network many times over. Because this energy is already being wasted, using it for BTC mining adds no energy demand or emissions to the equation, in fact it reduces methane and CO2-e emissions. Carbon Neutral BTC.
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There have been many special moments in the creation of @CrusoeEnergy, but this was definitely a highlight. Many thanks to our talented team for all their amazing hard work and execution to make Crusoe into a story worth telling on @60Minutes. Many thanks @BillWhitakerCBS.
"If you could capture it all it would power about two-thirds of Europe's electricity. It's a very large amount of waste,” says Cully Cavness. He founded a company that’s capturing energy which would otherwise be wasted.
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Today @CrusoeEnergy released its first ever ESG report covering 2022. 4bcf of flaring mitigated, 6,400 tons of methane emissions prevented, more than half a million tons of CO2e emissions avoided, 650,000 man hours worked without a recordable injury:
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The bitcoin network has tremendous social and monetary value, but even if you held the opinion that bitcoin has no value, everyone can agree that reducing flaring and methane emissions is an environmental benefit. Anything is better than this:
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Today I traveled to the Vaca Muerta oilfield with @UnblockComputos, the local 🇦🇷 partner of @CrusoeEnergy, to commission our second project in this wonderful country. This project converts about 2 million cubic feet of otherwise wasted and flared gas into 12MW of #Bitcoin daily.
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Excited to preview @CrusoeEnergy’s newest project under construction as well as our growing operations in Argentina 🇦🇷 with our local partner Unblock - together we are bringing Digital Flare Mitigation and methane reduction solutions to S. America .
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Methane is 84x as potent as CO2 in terms of global warming potential (GWP factor). By creating an economic incentive and beneficial use to eliminate flaring at the wellhead, BTC mining reduces C02-equivalent emissions by an estimated 63%.
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Thank you to The World Economic Forum @wef for producing this video piece highlighting how @CrusoeEnergy’s Digital Flare Mitigation technology is reducing methane emissions from flaring:
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Every day the world flares >13 billion cubic feet of gas per day - BTC brings demand to this wasted energy at the source. Learn more about efforts to understand and reduce flaring at the @WorldBank and @EnvDefenseFund: ,
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The Environmental Defense Fund @EnvDefenseFund estimates that routine flaring leads to 7% methane leakage to the atmosphere. @CrusoeEnergy conducted emissions test on our generators throughout 2020 showing an average methane destruction of 99.89%.
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Happy to announce that @CrusoeEnergy has acquired the assets and operations of @GAMdotAI, building on Crusoe’s mission to scale flare gas and methane mitigation through #Bitcoin mining and cloud computing. Welcome to Team Crusoe!
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Grand opening of @CrusoeEnergy’s new warehouse and offices in Williston ND tomorrow. The Chamber of Commerce is even bringing ribbon and big scissors - very excited ✂️
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As a private company, Crusoe is not required to measure or report any of this information. Our team choses to invest in and publish this report on a voluntary basis as part of a broader commitment to our values and mission.
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Crossing the finish line after 107 miles of North Dakota badlands. what an amazing, beautiful, grueling and at times terrifying journey. Thank you to the whole team at @CrusoeEnergy for supporting me and @ChaseLochmiller on this adventure - wouldn’t have been possible without you
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Very exciting times here at @CrusoeEnergy - I am so grateful to our incredible team and for the opportunity to work on problems I care deeply about. There has never been a better time to join the Crusoe team, take a look at our careers page and reach out.
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We had an awesome turnout at #Nape2023 this year - thanks to everyone who dropped in to my talk on how @CrusoeEnergy’s large format Digital Flare Mitigation is changing the game with stranded gas solutions at scale.
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Glad to see this issue finally getting the research attention it deserves. It has become an open secret in the industry that flares don’t achieve anywhere near the 98% methane destruction that has been assumed since the 80’s:
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I'm so proud of the @CrusoeEnergy team, ~300 people strong now, for enabling and executing on all the impactful work we undertook in 2022. Looking ahead, this report is just a starting benchmark for our continued improvement. If our mission and values resonate with you, join us!.
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Excited to share that @CrusoeEnergy announced the commissioning of our first international project in 🇦🇷 Argentina 🇦🇷 and broader alliance with @UnblockComputos to eliminate flaring and associated emissions in South America:
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What started as a crazy idea to solve flaring challenges and enable low-cost and climate-aligned #Bitcoin mining has evolved into a 280-person company operating more than 110 data centers throughout the United States, powered entirely by otherwise flared natural gas.
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When a new employee joins @CrusoeEnergy, one of their onboarding resources is a 40-page essay I’ve written on energy, the environment and the economy. At the encouragement of my team, I am sharing this externally for the first time
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We are proud to have prevented more than 4 billion cubic feet of flaring since our founding. At many sites we eliminate millions of cubic feet per day. Digital Flare Mitigation - converting wasted energy into power for on-site modular data centers - is a great solution to this:
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We were traveling to the newest project deployed by the partnership of @CrusoeEnergy and @UnblockComputos:
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Iceland is one of the largest stranded renewable power challenges in the world - not unlike the stranded gas challenges we face in the U.S. Today we are expanding to Europe where our GPU computing clusters will unlock value from 100% renewable Icelandic geothermal and hydro power.
Today, we announced a new collaboration with atNorth, a leading Nordic #datacenter services company, to colocate #CrusoeCloud GPUs in #Iceland. This is our first project in #Europe and advances our mission to align the future of computing with the future of the climate by.
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Very honored that @CrusoeEnergy was featured at the @GoldmanSachs Builders and Innovators Summit. Goldman produced this awesome video about our business - props to my co-founder @ChaseLochmiller for doing such a great job recording this piece:
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Rain or shine: team @CrusoeEnergy set a blistering pace for 8+ hours at yesterday’s Triple Bypass ride - 110 miles and more than 10k ft of climbing from Evergreen to Vail
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@SophiePurdom @CrusoeEnergy If Crusoe turned off it’s systems currently deployed in the field today, the result would be millions of cubic feet more flaring tomorrow and a significant increase in uncombusted methane emissions equivalent to more than 100,000 cars. This is a straight forward yes.
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@CrusoeEnergy @UnblockComputos We look forward to working with more operators throughout the basin to eliminate flaring and grow the digital economy of Argentina in the most economical and environmentally-aligned way possible
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Very proud to be serving @togethercompute and other leading AI companies with GPU clusters that reduce methane emissions and consume otherwise wasted energy. More capacity coming online soon!.
As part of building the Together Decentralized Cloud, we care deeply about the impact on the environment. That's why we are excited to share how Together and @CrusoeEnergy are reducing the carbon impact of generative AI.
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I gave the keynote address at @DWildcatters Empower conference yesterday. @CrusoeEnergy sponsored the main stage and participated in a panel discussion on flare mitigation. But being honest, it’s all about the coozies at an outdoor event in Houston - marketing best practice ✅
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We started @CrusoeEnergy to eliminate flaring at scale and address this exact issue. Crusoe Digital Flare Mitigation systems eliminate 99.89% of methane through a complete conversion process called stoichiometric combustion. This results in 63% less CO2e emissions than flaring.
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@DWildcatters released their new episode where I had an opportunity to share the @CrusoeEnergy story and dig into big picture energy, environment and economy topics with @JacobCorley and @FracSlap - appreciated the opportunity to share with your audience:
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@CrusoeEnergy captures otherwise flared natural gas at the well site, reducing methane emissions by 98% compared to flaring - glad to see this important environmental subject getting more attention in the press:
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Anyone who said ESG will not matter in #bitcoin does not have an allocation of S19 XP units today. Emissions are going to be THE differentiator in this space. Proud that @CrusoeEnergy not only uses waste energy streams but also eliminates methane emissions with each BTC we mine.
@CrusoeEnergy CEO @ChaseLochmiller signed the partnership agreement today on stage during the unveiling of the new S19 XP at the #WDMS2021 in Dubai
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Energy transition is the critical challenge of our time. I appreciated the opportunity to share Tally’s Law and perspectives on tech, economics and climate as the opening remarks for the @DWildcatters decarbonization conference:
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Was a privilege to sit down with @notboringco host @packyM and my co-founder @ChaseLochmiller to record this podcast. We covered the origin and mission of @CrusoeEnergy, energy and environmental issues, and the state of art for #ai computing infrastructure.
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And we just started our next chapter: expanding our computing resources to power AI, rendering, scientific computing and more - broadening the computing applications we serve in our mission to align the future of computing with the future of the climate
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Correct, and @CrusoeEnergy can help to ensure we do it without flaring gas as oil production is likely to ramp in several midstream constrained basins. In the long run we must transition to sustainable sources, in the near term we must minimize the impact of O&G we all depend on.
Hate to say it, but we need to increase oil & gas output immediately. Extraordinary times demand extraordinary measures.
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We have some very exciting news to share here at @CrusoeEnergy - today we announced the close of our $128m Series B financing. TechCrunch covered the story with an article this morning:
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It’s never been more clear that the world still depends critically on oil and gas. As long as that’s true (it will be for decades), we should minimize the flaring, waste and methane emissions of essential fossil fuel production. does just that.
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@DocumentingBTC @CrusoeEnergy Was an honor to represent team @CrusoeEnergy in this piece. Thank you to @60Minutes and @BillWhitakerCBS for featuring our story!.
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Good morning Abu Dhabi! @CrusoeEnergy is at #ADIPEC with a delegation from our engineering and BD teams. I’ll speak at the Innovation Hub this afternoon at 17:30, tomorrow on the Methane Leadership Roundtable at 9:30 and on Wednesday I speak in the Decarbonization Zone at 13:00.
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Very proud of the @CrusoeEnergy team today as we’ve been named the #2 tech startup in Colorado. If you are a talented and motivated professional looking to join a mission-driven team, we are hiring:
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@CrusoeEnergy is best known for our work at the intersection of energy and computing, but behind the scenes we’ve also built a superpower in manufacturing at Crusoe Industries - new video just dropped showcasing the team’s awesome work:
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On behalf of @CrusoeEnergy, we are honored to be named Colorado's Emerging Technology Company of the Year by @ColoTechAsn:
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Great piece on the demand for GPU computing coming out of AI:
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Fue un honor conocer hoy al Embajador de Estados Unidos en Argentina, Marc Stanley, y su talentoso equipo. Gracias por impulsar la misión compartida de @CrusoeEnergy y @UnblockComputos en Argentina. Thank you Ambassador Stanley - the sky is the limit in Argentina🇦🇷🇺🇸🇦🇷🇺🇸.
Me encanta ver a empresas estadounidenses y argentinas trabajar juntas para resolver problemas y ayudar al medio ambiente. Los genios de Crusoe y Unblock Global descubrieron una manera de quemar metano y generar electricidad. Esto no sólo ayuda a Argentina a cumplir sus
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@USAmbassadorARG @CrusoeEnergy Fue un honor conocer hoy al Embajador de Estados Unidos en Argentina, Marc Stanley, y su talentoso equipo. Gracias por impulsar la misión compartida de @CrusoeEnergy y @UnblockComputos en Argentina. Thank you Ambassador Stanley for welcoming us - the sky is the limit in.
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@CrusoeEnergy is sponsoring @CSforALL to bring awesome computer science education resources to the Denver Public School system. STEM education aligns with Crusoe’s mission and broader outlook that innovation is a key to uplifting everyone and broadly benefiting society.
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@nic__carter Appreciate the shoutout to @CrusoeEnergy and your focus on the methane-reduction capabilities of Digital Flare Mitigation. It is an important and often misunderstood nuance in the environmental conversation around BTC - ability to actually reduce carbon emissions vs. status quo.
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Thank you for the support @dsaleminvestor and for hosting a thoughtful and fun conversation @AshBennington - I look forward to the next time, and until then continue to be a big @RealVision fan 👍.
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Wonderful to see @GoldmanSachs highlight #BTC as a force for good in ESG and the energy transition - since the beginning @CrusoeEnergy has committed to projects that use waste energy, eliminate methane emissions and are neutral or negative on CO2e @nic__carter @saylor @elonmusk.
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Conclusion published in Journal of Science by research team at University of Michigan following survey of hundreds of flares in Permian, Bakken and Eagle Ford oil fields (fields representing 80% of US oil productions and the majority of American flaring):
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Thank you to @KenzieSigalos and @CNBC for hosting me to talk about @CrusoeEnergy and our work to reduce flaring across the energy industry through Digital Flare Mitigation #Bitcoin *VALIDATING* systems:
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Saw this 🔥 during my commute into the Vaca Muerta oilfield yesterday in Argentina 🇦🇷 - needs to be mitigated and turned into computing power!
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This race is called the Maah Daah Hey for anyone who is interested in a life-changing challenge - Crusoe was proud to be a sponsor of an event that is preserving one of the best trails in the ND community where we operate.
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@FracSlap @parkeralewis @Mario_Guti713 @JacobCorley @JLB_Oso @cbspears @GideonOPowell @ChaseLochmiller @MartyBent Please connect us.
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I'm grateful to be a member of the Blackstone Entrepreneurs Network, and very appreciative of this piece from @BEN_Colorado featuring our story here at @CrusoeEnergy: - thank you BEN!.
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So excited about all the progress our team has made at @CrusoeEnergy.
@CrusoeEnergy is eliminating flaring in the oilfield and unlocking value in stranded energy resources with our Digital Flare Mitigation technology
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@100trillionUSD Here is a collage of fiat currencies that I keep on my office wall as a reminder of what can happen when the printing press gets out of control. Note the 1957 USD that used to be exchangeable into silver (no longer true). #bitcoin fixes this.
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@skorusARK Also, given that most international climate goals and warming limit targets are set for 2050, from a policy perspective it also makes much more sense to use the 20-yr GWP of 82.5x than the 100-yr figure. This is exactly why @CrusoeEnergy is so focused on methane mitigation.
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This may be the proudest moment of my life.
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This is an awesome team and opportunity to join for anyone looking to move the needle on accelerating the energy transition through battery storage and a much more environmentally sound way to produce lithium.
Lilac is hiring! Join our team and help scale lithium supply for the electric era.
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@ChaseLochmiller and I developed a set of core values and practices early on in @CrusoeEnergy's evolution. Today our growing team references these concepts on an almost daily basis, so we've decided to publish them on our website:
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New Mexico is finalizing a law that limits flaring to no more than 2% of an operator's produced gas. @CrusoeEnergy is here to help operators in the Permian Basin achieve environmental, flare reduction and emissions goals:
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Glad to be a growing member of the North Dakota community by increasing our investments in rural telecommunications infrastructure and donating to local STEM education programs. We are also sponsoring and running in the upcoming 106-mile Maah Daah Hey run!
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Appreciate @qz and @timmcdonnell taking an interest in the @CrusoeEnergy story and highlighting some of the important environmental details around Digital Flare Mitigation:
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@FracSlap Appreciate the opportunity to share the @CrusoeEnergy story with your audience Collin.
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@BITMAINtech is prioritizing @CrusoeEnergy for access to the latest and greatest hardware. Combining the world's most efficient ASICs with wasted energy sources is a big step forward for the climate conversation around #Bitcoin:
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@kcimc @ChaseLochmiller @cagriaksay @CrusoeEnergy And yes, we continue to work only with sites that would otherwise be flaring. A typical project for us is a well site that has been flaring for a long time and would continue to do so without Digital Flare Mitigation. Globally more than 13 bcf is flared daily, sad but true.
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I am so encouraged by this progress, congratulations and THANK YOU to @BoyanSlat and the @TheOceanCleanup team:
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@GideonOPowell @HODLranch @RiotBlockchain @chadeverett @CrusoeEnergy @saylor @parkeralewis @kevinolearytv @BitcoinMagazine You got my corniest one - gotta submit some new options here!
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@kcimc @ChaseLochmiller @cagriaksay @CrusoeEnergy @kcimc we use the latest data from @EnvDefenseFund flaring studies, which show 7% of methane from routine flaring escapes uncombusted. By contrast our generators bring that down to 0.11%.
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@100trillionUSD Note these currencies debased by inflation come from all five continents, and most are from living memory.
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@EthanHBellamy @EthanHBellamy we hope to be one of the good stories in this vein for 2020 - please take a look at what we’ve been up to at
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@CourtneyStory3 @CrusoeEnergy All the credit goes to our amazing team at @CrusoeEnergy - they are the driving force behind our mission to unlock value from stranded energy through computation, eliminate natural gas flaring and reduce emissions. Thank you all so much for your hard work, dedication and passion.
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