WEF’s promo video shows Bitcoin mining, but it leaves out the B-word

The World Economic Forum (WEF) showcased the facilities and tech employed by a cryptocurrency mining steadfast and implied its operations were the “biggest winner” for the situation — but it ne'er really said it was mining crypto.

Published connected April 20, the WEF video promoted efforts towards reducing flaring — wherever ample amounts of state from lipid accumulation oregon from decomposition are wasted — by the Colorado-based Bitcoin (BTC) miner Crusoe Energy Systems.

Prominent imagery of what look to beryllium cryptocurrency mining facilities are presented passim the video; however, the video ne'er straight addresses what is really happening.

The video (screenshot) appears to amusement a installation lodging Bitmain Antminer mining rigs but is referred to arsenic a information center. Source: WEF

Chase Lochmiller, CEO, and co-founder of Crusoe explained successful the video that it builds and operates “modular information centers” which are co-located with discarded vigor sources to usage wasted methane streams to make power.

It was noted this enables the accumulation of “ultra-low-cost computing infrastructure” by utilizing stranded vigor sources that would different spell unused.

A inactive from the video showing a close-up of what appears to beryllium a Bitmain Antminer mining rig. Source: WEF

The video was noticed by respective crypto manufacture figures.

Microstrategy co-founder Michael Saylor shared the video with his 3 cardinal Twitter followers connected April 23 stating that “even the WEF is recognizing the biology benefits of Bitcoin Mining.”

Even the @WEF is recognizing the biology benefits of Bitcoin Mining. pic.twitter.com/kPnMIfyJpU

Meanwhile, Kristine Cranley, a manager astatine the advocacy radical the Texas Blockchain Council pointed retired successful an April 23 tweet that the video didn't erstwhile notation "the b word": Bitcoin.

@WEF promoting mining without utilizing the b word! Source below. Contrast this with the code of the @nytimes deed piece! Same taxable … antithetic affectional acquisition they are trying to deliver. @NYTimesUp pic.twitter.com/d4OEPkWYFc

One idiosyncratic suggested successful a tweet that the WEF wasn’t allowed to notation BTC, due to the fact that of their erstwhile “standpoint” which has included advocacy for changing Bitcoin's codification to proof-of-stake citing the biology interaction of its existent statement mechanism.

The hidden outgo of Bitcoin? Our #environment https://t.co/dF7b2HOkd4 pic.twitter.com/qY5mrmiSaR

Crusoe expanded its Bitcoin mining assets through the acquisition of the operating assets of portable BTC mining relation Great American Mining (GAM) successful October 2022.

Related: ExxonMobil is utilizing excess earthy state to powerfulness crypto mining: Report

The acquisition added implicit 10 megawatts (MW) to Crusoe’s mining output, on with astir 4,000 application-specific integrated circuit (ASIC) crypto-mining rigs.

Previously successful June 2022, Crusoe Energy partnered with the authorities of Oman — a state that exports 21% of its state accumulation and seeks zero state flaring by 2030.

Crusoe volition unfastened an bureau successful Oman's superior metropolis of Muscat and instal its instrumentality for capturing state discarded astatine good sites to usage arsenic computing powerfulness for crypto mining.

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