An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Creek Road Miners (OTCQB:CRKR) has entered into an agreement with Highwire Energy Partners to acquire energy assets in South Dakota, North Dakota, and Wyoming. This strategic acquisition aims to enhance the company’s cryptocurrency mining operations through vertical integration and geographic diversification. The acquired assets include natural gas production and fixed-price electricity generation, positioning Creek Road Miners to control energy costs amid market volatility. The company is transitioning its Louisiana operations to leverage these new energy sources.
Positive
Acquisition of energy assets enhances cryptocurrency mining efficiency.
Control over energy costs in a volatile market.
Transition to new energy sources expected to boost operations.
PARK CITY, Utah--(BUSINESS WIRE)--
Creek Road Miners, Inc. (OTCQB:CRKR) (“Creek Road Miners,” or, “Company”) has announced that it has entered into an agreement with Highwire Energy Partners, Inc. (“Highwire”)to acquire certain energy assets in South Dakota, North Dakota, and Wyoming. With this transaction the Company has achieved its core objective of acquiring efficient, energy-producing assets to power its cryptocurrency mining operations through vertical integration and geographic diversification.
The energy assets involved in the transaction include natural gas production opportunities in South Dakota, North Dakota, and Wyoming as well as a third opportunity for fixed-price electricity generation in Wyoming. These locations are desirable for the commencement of Bitcoin mining operations. By acquiring these assets, Creek Road Miners will control its energy costs during a period of significant volatility in the marketplace. With the completion of the instant transaction, the Company is transitioning its Louisiana operations to the energy sources made possible by this new acquisition.
“The execution of this transaction is the culmination of months of effort by our team to deliver on our primary objective,” commented Mr. Scott Kaufman, co-chief executive officer of the Company. “With this undertaking now completed, Creek Road Miners is well-situated to rapidly scale operations.”
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.
Investor Relations and Media:
Scott A. Sheikh Creek Road Miners, Inc. IR@CreekRoadMiners.com
Source: Creek Road Miners, Inc.
FAQ
What assets is Creek Road Miners acquiring from Highwire Energy Partners?
Creek Road Miners is acquiring natural gas production opportunities and fixed-price electricity generation assets in South Dakota, North Dakota, and Wyoming.
How will the acquisition affect Creek Road Miners' operations?
The acquisition will enable Creek Road Miners to control energy costs, which is crucial for its cryptocurrency mining operations, especially during periods of market volatility.
What is the strategic importance of the acquisition for Creek Road Miners?
The acquisition supports vertical integration and geographic diversification, allowing Creek Road Miners to enhance its mining efficiency and reduce reliance on external energy sources.
When was the acquisition agreement announced?
The acquisition agreement was announced by Creek Road Miners on May 31, 2022.
