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Creek Road Miners Announces Plans for a Second Facilty
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Rhea-AI Summary
Creek Road Miners (OTCQB:CRKR) has announced the acquisition of its second mobile data center, enhancing its bitcoin mining capacity to 27 Petahash per second (Ph/s). This new facility, coupled with its existing one in Louisiana, is projected to total a capacity of 51 Ph/s with 520 Antminer S19j Pro miners. The company focuses on a strategy of vertical integration, energy and geographic diversification, cryptocurrency diversification, and revenue diversification as it aims for accelerated growth in the competitive cryptocurrency market.
Positive
Acquisition of a second mobile data center, increasing mining capacity to 27 Ph/s.
Projected total mining capacity of 51 Ph/s with existing and new facilities.
Strategic focus on vertical integration and diversification to support growth.
Negative
None.
PARK CITY, Utah--(BUSINESS WIRE)--
Creek Road Miners, Inc. (OTCQB:CRKR) (“Creek Road Miners,” or “Company”), with a first-of-its-kind mobile bitcoin mining operation, today announces the acquisition of its second, larger mobile data center with an anticipated mining capacity of 27 Petahash per second (Ph/s). Once fully operational, the combined modular units are projected to house 520 Antminer S19j Pro cryptocurrency miners, with a total capacity of 51 Ph/s.
Creek Road Miners has developed and deployed a strategy that will serve as a bedrock for the Company’s aggressive growth plans. The five cornerstones of this strategy are: 1) Vertical Integration; 2) Energy Diversification; 3) Geographic Diversification; 4) Cryptocurrency Diversification; and 5) Revenue Diversification.
The first modular facility is currently operational on a self-contained barge in the bayous of Louisiana and mining Bitcoin at commercial scale. Creek Road Miners is in the process of securing another geographical location to deploy its second facility, in furtherance of the Company’s cornerstone strategy.
“With the launch of our inaugural facility in Louisiana, we are now pivoting our resources to scaling our operations at an accelerated pace,” commented Mr. Scott D. Kaufman, Chairman and Chief Executive Officer of Creek Road Miners. Mr. Kaufman added, “We are now focused on lining up the many pieces needed to move forward in deploying the Company’s strategy.”
Please visit the company’s website CreekRoadMiners.com for more information and updates.
About Creek Road Miners, Inc. (OTCQB: CRKR)
Creek Road Miners, Inc. (www.creekroadminers.com) utilizes mobile power generation units and mining facilities to overcome the economic barriers to utilizing the abundance of stranded natural gas in the U.S. market, while acquiring energy suppliers to create multiple revenue streams.
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Forward-Looking Statements:
This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
Investor Relations and Media Contact:
Scott A. Sheikh Creek Road Miners, Inc. IR@creekroadminers.com
Source: Creek Road Miners, Inc.
FAQ
What is the latest press release about Creek Road Miners (CRKR)?
Creek Road Miners announced the acquisition of a second mobile data center, increasing its mining capacity to 27 Petahash per second (Ph/s).
What is the mining capacity of Creek Road Miners after the acquisition?
After the acquisition, Creek Road Miners' total mining capacity is projected to reach 51 Petahash per second (Ph/s).
Where is Creek Road Miners' first operational facility located?
The first operational facility is located on a self-contained barge in Louisiana.
What is the significance of the new mobile data center for CRKR?
The new mobile data center enhances mining capacity and supports the company's growth strategy by diversifying operations.
What strategies is Creek Road Miners employing for growth?
Creek Road Miners is focusing on vertical integration, energy and geographic diversification, cryptocurrency diversification, and revenue diversification.
