Welcome to our dedicated page for Prairie Operating Co. news (Ticker: crkr), a resource for investors and traders seeking the latest updates and insights on Prairie Operating Co. stock.
Prairie Operating Co., trading under the symbol CRKR, is a forward-thinking energy company primarily focused on the exploration, development, and production of oil and natural gas. The company’s core operations are centered in the Denver Julesburg (DJ) Basin, which is renowned for its abundant hydrocarbon resources.
Recently, Prairie Operating Co. has made significant strides in expanding its asset portfolio. The acquisition of a 1,280-acre drillable spacing unit (DSU) and eight fully permitted proven undeveloped (PUD) drilling locations for $900,000 has bolstered its operational capabilities. With a proven PV10 value of approximately $40 million, these assets are expected to enhance the company's production profile and financial metrics substantially.
The company's strategy is to create value through disciplined capital allocation and efficient operational execution. This approach has resulted in the addition of 3,370 barrels of oil equivalent per day (Boepd) and proven reserves with a PV10 of over $250 million, further solidifying its standing in the DJ Basin.
Prairie Operating Co. is committed to maintaining a robust financial position while pursuing growth opportunities. The company collaborates with various industry partners to optimize resource development and maximize shareholder value. Investors and stakeholders can stay informed about the latest developments, including financial reports and upcoming projects, through the company's dedicated Investor Relations contact, Wobbe Ploegsma, reachable at wp@prairieopco.com or 832.274.3449.
In addition to its core E&P activities, Prairie Operating Co. is exploring new ventures and technological advancements to enhance its operational efficiency and environmental stewardship. By leveraging cutting-edge technologies and industry best practices, the company aims to achieve sustainable growth and long-term value creation.
Creek Road Miners, Inc. (OTCQB:CRKR) has announced the establishment of its first production facility in Meeker, Colorado, featuring 240 Bitmain Antminer units expected to generate approximately 24 petahashes per second (PH/s) at a cost of about $.0455/kWh for electricity. The facility is anticipated to be operational within ten days, followed by additional facilities in Wyoming and North Dakota. The company utilizes stranded natural gas for its operations, presenting a cost-effective solution amidst rising energy prices.
Creek Road Miners, Inc. (OTCQB:CRKR) updates shareholders on recent developments and future plans. The company appointed John D. Maatta as Co-CEO alongside Scott D. Kaufman to streamline operations and growth strategies. Creek Road executed a Memorandum of Understanding to acquire energy assets from Highwire Energy Partners in Wyoming, South Dakota, and North Dakota, enhancing its energy sourcing for cryptocurrency mining. Despite recent stock price fluctuations, the company believes it is on a path for sustained growth, leveraging fixed-cost energy to boost profitability.
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.
Creek Road Miners, Inc. (OTCQB: CRKR) announces CEO Scott D. Kaufman will attend the NAPE Summit from February 8-11, 2022, in Houston, Texas. This event is crucial for the Company's goal of acquiring energy-producing assets to enhance its cryptocurrency mining operations. The NAPE Summit, organized by NAPE Expo LP, facilitates significant energy transactions, offering Creek Road Miners a valuable platform to connect with industry leaders. Kaufman emphasizes the Company's Five Cornerstone Strategy to drive further growth.
Creek Road Miners, Inc. (OTCQB:CRKR) has secured 600 ANTMINER S19 XP cryptocurrency miners from Bitmain Technologies. The S19 XP features a hash rate of 140 Th/s and a power efficiency of 21.5 j/Th, consuming 3010W of power. This acquisition aligns with the company's Five Cornerstone Strategy for operational scaling. CEO Scott D. Kaufman emphasized the importance of Bitmain’s support in achieving strategic growth. Creek Road Miners focuses on leveraging mobile power generation and mining facilities to utilize stranded natural gas for revenue generation.
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.
Creek Road Miners, Inc. (OTCQB: CRKR) plans to uplist from OTC to NYSE American to enhance growth. The CEO, Scott D. Kaufman, highlights this move supports their strategy to acquire traditional energy assets for cryptocurrency mining operations. While this uplisting could significantly boost visibility and credibility, it is contingent upon meeting exchange requirements and receiving approval. There are no guarantees on the outcome of this application, emphasizing the inherent uncertainties in such strategic transitions.
Creek Road Miners (OTCQB: CRKR) announced the acquisition of a second mobile data center for bitcoin mining, enhancing its capacity to 27 Petahash per second (Ph/s). This facility will increase the total mining capacity to 51 Ph/s with 520 Antminer S19j Pro miners. The company is focused on a growth strategy based on vertical, energy, geographic, cryptocurrency, and revenue diversification. Its first modular facility is operational in Louisiana, and efforts are underway to expand geographically.
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.
Creek Road Miners, Inc. (OTCQB:CRKR) has announced the successful completion and deployment of its first commercial-scale cryptocurrency mining facility. Mining at a rate of 16 Petahash per second, the company has generated its initial Bitcoin revenue. This unique mobile operation utilizes Antminer S19 Pros and is powered by a one-megawatt natural gas turbine from Capstone Green Energy Corporation (NASDAQ:CGRN). The facility's mobility allows it to capitalize on unutilized energy sources, enhancing operational flexibility.
FAQ
What is the market cap of Prairie Operating Co. (crkr)?
What is the primary focus of Prairie Operating Co.?
What recent acquisition has Prairie Operating Co. made?
How does the recent acquisition benefit Prairie Operating Co.?
Who is the Investor Relations contact at Prairie Operating Co.?
What is the ticker symbol for Prairie Operating Co.?
How does Prairie Operating Co. plan to sustain growth?
Where are Prairie Operating Co.'s primary operations located?
What is the financial impact of the latest acquisition on Prairie Operating Co.?
How can investors stay informed about Prairie Operating Co.'s latest news?
What technologies is Prairie Operating Co. leveraging for growth?
