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The latest announcement is out from AXP Energy ( (AU:AXP) ).
AXP Energy Limited has successfully launched its first gas-to-power-bitcoin mining operation at the Pathfinder oil and gas field in Colorado. The site, which utilizes gas from the Greenhorn Formation, powers bitcoin miners supplied by BitFuFu, Inc. The company plans to increase its power generation capacity significantly by the end of the year and is exploring new sites in the USA to expedite the deployment of additional operations. This development positions AXP Energy as a key player in the off-grid energy market for bitcoin mining, with plans to scale operations rapidly to meet growing demand.
More about AXP Energy
AXP Energy Limited is an ASX-listed energy company focused on innovative energy solutions. The company operates in the oil and gas industry, with a particular emphasis on integrating gas-to-power solutions for cryptocurrency mining. AXP Energy is actively exploring opportunities to expand its operations in the USA, aiming to leverage off-grid energy resources for the growing bitcoin mining sector.
Current Market Cap: A$6.68M
See more insights into AXP stock on TipRanks’ Stock Analysis page.