Creek Road Miners, Inc. announces the completion and deployment of its inaugural commercial-scale cryptocurrency mining facility. With the launch of its operations, the Company is mining at a rate of 16 Petahash (Ph/s) per second and has now recognized its first Bitcoin revenue.
“When we began working on this idea just five and a half months ago, we set an aggressive timeline and a high bar for success”
This project is a first-of-its-kind mobile Bitcoin-mining operation. The Antminer S19 Pros (110 Th/s) the Company recently acquired from Bitmain Technologies Ltd. are housed in a custom-built mobile data center manufactured by Boundary Electric and set atop a barge. The container is engineered to withstand the elements while channeling the significant power required for operations and providing the airflow necessary for cooling. The facility is powered by a one-megawatt natural-gas turbine manufactured by Capstone Green Energy Corporation (NASDAQ:CGRN) and serviced by Lone Star Power Solutions.
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As configured, this setup can be deployed on both land and water. When set up on water, the operations can be moved anywhere a barge can travel, giving Creek Road Miners the ability to leverage otherwise neglected energy sources.
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“When we began working on this idea just five and a half months ago, we set an aggressive timeline and a high bar for success,” commented Mr. Scott D. Kaufman, Chairman and Chief Executive Officer of Creek Road Miners. Mr. Kaufman added, “After months of dealing with the complex logistics of a project of this scale, we have now effectively transitioned from the conceptual to the real, with the commencement of the first phase of development and successful launch of mining operations. We remain focused on accelerating and scaling our operations in the near term and are excited to see the results.”
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