Oman Invests in Crusoe Energy to Minimize Gas Flaring

The Oman Investment Authority (OIA) has invested in US-based crypto mining company Crusoe Energy. Bloomberg reported this news yesterday, noting that OIA participated in Crusoe Energy’s $350 million equity round in April. OIA and Crusoe Energy declined to reveal the size of the investment. Through this investment, Oman seeks to empower Crusoe Energy to minimize gas flaring in the country. Crusoe Energy CEO Chase Lochmiller said the company would set up shop in Muscat, Oman. Explaining why Crusoe Energy decided…