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AXP Energy Limited ( (AU:AXP) ) just unveiled an announcement.
AXP Energy Limited has announced the advancement of its second gas-to-power-bitcoin site at the Pathfinder Field in Colorado. The company is scaling up its power generation capacity to 25 MW/hour by the end of 2025, utilizing stranded natural gas. The new production hub at the JW Powell well site is expected to be operational by May 2025, with additional generators and ASIC bitcoin miners being deployed. This expansion aligns with AXP’s strategy to create a new revenue stream through its joint development agreement with BitFuFu, Inc., enhancing its industry positioning and offering significant opportunities for growth.
More about AXP Energy Limited
AXP Energy Limited is an oil and gas production and development company based in Colorado. The company focuses on repurposing stranded gas at its 100%-owned Pathfinder Field for power generation, with plans to sell this power to data center operators and owners engaged in high-performance computing, including AI and other processor-intensive operations. AXP operates 24 oil and gas wells at its Pathfinder Field.
Current Market Cap: $4.13M
See more data about AXP stock on TipRanks’ Stock Analysis page.