AXP Energy and BitFuFu Collaborate on Power Generation for Bitcoin Mining

AXP Energy Limited has completed a successful 14-day gas-to-power trial at its Pathfinder production hub in Colorado, generating around 1.5 MW/hour of electricity. This powered two bitcoin mining containers, achieving 85% system uptime. Post-trial adjustments have increased uptime to over 90%. The company is supported by NASDAQ-listed BitFuFu, Inc. for the expansion phase.

BitFuFu will supply additional ASIC Miners to support this growth. AXP aims to deliver 25MW of electricity by the end of 2025. The immediate goal is to expand to 5MW. This collaboration leverages Pathfinder's gas resources of approximately 750 Bcf, with expansion plans in North America.

The success of the first site provides a model for future operations, enabling extensive scaling. AXP's Managing Director, Dan Lanskey, highlights the reliability achieved and the potential for further growth.