Successful completion of 14-day gas-to-power trial at Pathfinder production hub delivers ~1.5 MW/hour of electricity to power two bitcoin mining containers;
The 14-day trial delivered ~85% system uptime and, since the end of the trial, the system has achieved greater than 90% uptime;
AXP has secured the support of NASDAQ-listed Bitcoin miner BitFuFu, Inc. (NASDAQ: FUFU, FUFU.WS) for the next phase of expansion at Pathfinder;
BitFuFu will supply additional ASIC Miners and other equipment to support the next phase of expansion, with AXP focused on delivering gas-to-power and site services;
All parties are now committed to establishing power generation output of 25MW/hour by the end of CY2025 for a significant scale up of bitcoin mining operations, powered by Pathfinder's ~750 Bcf of contingent gas resources;
The parties are now assessing further expansion opportunities.
The move consolidates operations and resources for 50 companies in 26 countries in the Building, Specifications, and Construction Industries. Hubexo aims to help construction professionals sell more, improve efficiency, and build more sustainably.
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