Creek Road Miners Announces Plans for Scaling of Mining Operations to Over 150 Petahash Per Second (Ph/s)

Rhea-AI Summary

Creek Road Miners (OTCQB:CRKR) announces a significant expansion in cryptocurrency mining capabilities, expecting delivery of a new Modular Data Center and additional miners. The company has ordered 270 S19j Pros (100Th/s) and 270 S19s (90Th/s), and is in talks for 540 S19 XPs (140Th). This expansion could lead to a nearly 500% increase in hashing power within months, aiming to add over 125 Ph/s to existing operations. The focus is on scaling mining operations and acquiring energy assets to improve revenue streams.

Positive

• Expansion of cryptocurrency mining capabilities with new Modular Data Center.
• Ordered 270 S19j Pros and 270 S19s, enhancing operational capacity.
• Potential 500% increase in hashing power within a few months.

Negative

• None.

Company Website: CreekRoadMiners.com

PARK CITY, Utah--(BUSINESS WIRE)-- Creek Road Miners, Inc. (OTCQB:CRKR) (“Creek Road Miners,” or “Company”) is pleased to announce a significant expansion of its cryptocurrency mining capabilities.

Creek Road Miners expects delivery of its next Modular Data Center (MDC) from Boundary Electric Co. in the coming weeks. The Company has also placed orders for two additional MDCs, 270 S19j Pros (100Th/s), and 270 S19s (90Th/s). Creek Road Miners is also in talks to acquire 540 S19 XPs (140Th). Once installed, these machines are anticipated to add over 125 Ph/s in hashing power to the Company’s existing operations.

“Creek Road Miners is currently focused on two things, scaling its mining operations and acquiring energy assets,” commented Mr. Scott D. Kaufman, Chief Executive Officer of Creek Road Miners. Mr. Kaufman added, “With the addition of these MDCs and miners, we’re looking at a nearly 500% increase in the Company’s hashing power within the next few months if everything goes to plan.”

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) is a cryptocurrency mining company that leverages 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.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211214005589/en/

Investor Relations and Media:

Scott A. Sheikh

Creek Road Miners, Inc.

IR@creekroadminers.com

Source: Creek Road Miners

FAQ

What recent expansion news has Creek Road Miners (CRKR) announced?

Creek Road Miners (CRKR) announced a significant expansion in cryptocurrency mining capabilities, including new data centers and miners.

How much hashing power is Creek Road Miners (CRKR) expecting to add?

Creek Road Miners expects to add over 125 Ph/s in hashing power with the new equipment.

What types of miners has Creek Road Miners (CRKR) ordered?

The company has ordered 270 S19j Pros and 270 S19s to enhance its mining operations.

What is the expected increase in hashing power for Creek Road Miners (CRKR)?

The company anticipates a nearly 500% increase in hashing power within the next few months.

Where can I find more information about Creek Road Miners (CRKR)?

More information can be found on their website: CreekRoadMiners.com.