Bitcoin miner Crusoe Energy Systems has acquired electrical manufacturer Easter-Owens Electric Co in a bid to vertically integrate the company.
Easter-Owens's acquisition will allow Crusoe to optimize manufacturing throughput, capacity, cost, quality and supply chains, the company said Wednesday.
“Crusoe and Easter-Owens have worked together closely for several years, and we see many strategic opportunities through the integration of Easter-Owens’ design and manufacturing capabilities into Crusoe’s business,” said Crusoe’s co-founder and CEO, Cully Cavness.
Easter-Owen's employee base of more than 70 will be integrated into the Crusoe team, per a press release .
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