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 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. 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.
