Category Industries

Press Release

First Two Modular Data Centres Online At Pathfinder Lease in Colorado

HIGHLIGHTS First two modular data centres (MDCs) hosting a total of 515 Bitmain S19J Pro (104T) Antminers mining bitcoin are now operational and connected via Starlink. AXP is supporting Blackhart Technologies bitcoin mining operations with co-located gas-to-power generation and on-site technical support; AXP's two gas-fired Gentec generators are producing 1.2MW of electricity from natural gas sourced from the Pathfinder #2 well. As a result of the gas flow from the well, oil production is now occurring from the Niobrara Formation. This is the first time this well has produced gas allowing oil production; AXP and Blackhart are working collaboratively to ensure the first two MDCs achieve benchmarked uptime and reliability over the trial period of 14 days. Planning is underway for the build-out of two more gas to power sites at the JW Powell and Kelce Court production hubs. When completed the combined targeted power output is 5MW/h from Gas to Power from the Company's leases in the Florence Oil Field in Colorado; A longer term goal is to scale operations to meet the power generation requirements of bitcoin miners and data centre owner/operators interested in tapping the Pathfinder Field's 2C gas resources of 0.744 Tcf(1); The Pathfinder #2 operation adds a new gas-to-power revenue stream to AXP as well as increased oil revenue. A video of the first site's bitcoin mining operation can be seen at: https://vimeo.com/1053640003/d738f51826 Read More