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AXP Energy Limited ( (AU:AXP) ) has provided an announcement.
AXP Energy Limited has launched its first two modular data centers at the Pathfinder Lease in Colorado, in collaboration with Blackhart Technologies. These centers are powered by gas from AXP’s Pathfinder #2 well and are part of a strategic initiative to convert gas to power for bitcoin mining operations. This development marks a new revenue stream from gas-to-power generation and increased oil production, enhancing AXP’s market presence in the energy sector. The company plans to expand its operations to meet growing demand for off-grid power solutions in the USA, supported by federal initiatives, and aims to tap into its substantial gas reserves for further growth.
More about AXP Energy Limited
AXP Energy Limited is an oil and gas production and development company based in Colorado. The company is focused on transforming stranded gas at its Pathfinder Field into power for high-performance computing data centers. AXP has 24 operational oil and gas wells and aims to provide power to data center operators, including those involved in AI and other processor-intensive operations.
Current Market Cap: $7.29M
See more insights into AXP stock on TipRanks’ Stock Analysis page.
