Crusoe: A Quant Trader Came Down From Everest, Heard About Flared Gas From a Childhood Friend in Oil, and Built an AI Infrastructure Company Around Moving Data Instead of Energy
After a decade in quantitative trading and a stint at a crypto fund, Chase Lochmiller left work in 2018 to climb Mount Everest and think about what to do next. Back in Colorado, his high-school friend Cully Cavness, from a multigenerational oil and gas family, explained flaring: natural gas burned off at oil wells because it cannot be transported. Their answer was to bring computing to the gas. Crusoe began by powering bitcoin mining with stranded gas, quietly built an AI cloud from 2022, sold i
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