Business
AXP and BitFuFu Partner in Power Generation
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 ...
About this update from Axp Energy Limited
[{"type":"list","items":[{"val":[{"type":"text","content":"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;","length":156,"tagName":"p"}]},{"val":[{"type":"text","content":"The 14-day trial delivered ~85% system uptime and, since the end of the trial, the system has achieved greater than 90% uptime;","length":127,"tagName":"p"}]},{"val":[{"type":"text","content":"AXP has secured the support of NASDAQ-listed Bitcoin miner BitFuFu, Inc. (NASDAQ: FUFU, FUFU.WS) for the next phase of expansion at Pathfinder;","length":143,"tagName":"p"}]},{"val":[{"type":"text","content":"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;","length":165,"tagName":"p"}]},{"val":[{"type":"text","content":"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;","length":226,"tagName":"p"}]},{"val":[{"type":"text","content":"The parties are now assessing further expansion opportunities.","length":62,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":879,"olType":false},{"type":"text","content":"FLORENCE, CO / ACCESS Newswire / March 18, 2025 / AXP Energy Limited (ASX:AXP)(OTC PINK:AUNXF), (‘AXP', ‘Company') is pleased to report the successful completion of the initial trial of gas-to-power operations at the Pathfinder production hub in Colorado (announced 6 February 2025) that saw the Company deliver 1.5 MW/hour of electricity over 14 days at 85% uptime to support successful bitcoin mining activities. Since the completion of the trial, with further system adjustments, system uptime of greater than 90% has been achieved.","length":543,"tagName":"p"},{"type":"text","content":"AXP has, through its JV partner, secured the support of NASDAQ listed BitFuFu, Inc (NASDAQ: FUFU, FUFU.WS) ('BitFuFu') for the next phase of expansion of bitcoin mining activities at the Pathfinder Field which has a ready supply of natural gas from its portfolio of 24 wells which have further production upside.","length":320,"tagName":"p"},{"type":"text","content":"As communicated, AXP is now targ...