Creek Road Miners Announces First Commercial Scale Cryptocurrency Income | New

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PARK CITY, Utah – (BUSINESS WIRE) – October 25, 2021–

Creek Road Miners, Inc. (OTCQB: CRKR) (“Creek Road Miners” or “Company”) today announces the completion and deployment of its first 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 turnover.

This project is a one-of-a-kind mobile Bitcoin mining operation. The Antminer S19 Pros (110 Th / s) that the company recently acquired from Bitmain Technologies Ltd. are housed in a custom-built mobile data center manufactured by Boundary Electric and placed on top of a barge. The container is designed to withstand the elements while channeling the significant power required for operations and providing the airflow needed for cooling. The facility is powered by a one megawatt natural gas turbine manufactured by Capstone Green Energy Corporation (NASDAQ: CGRN) and maintained by Lone Star Power Solutions.

As configured, this configuration can be deployed on both land and water. When set up on the water, operations can be moved anywhere a barge can travel, giving Creek Road Miners the ability to take advantage of otherwise overlooked power sources.

“When we started working on this idea just five and a half months ago, we set a tight timeline and a high bar for success,” commented Scott D. Kaufman, President and CEO. of Creek Road Miners. Mr. Kaufman added: “After months of managing the complex logistics of a project of this magnitude, we have now effectively moved from conceptual to real, with the start of the first phase of development and the successful launch of mining operations. . We remain focused on accelerating and scaling our operations in the near term and we are excited to see the results. “

Please visit the company website CreekRoadMiners.com for more information and updates.

About Creek Road Miners, Inc. (OTCQB: CRKR)

Creek Road Miners, Inc. ( www.creekroadminers.com ) uses mobile power generation units and mining facilities to overcome economic barriers to utilizing the abundance of natural gas stranded in the U.S. market, while acquiring power suppliers to create a dual source of income.

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Forward-looking statements:

This press release contains “forward-looking statements”. Such statements may be preceded by the words “intention”, “may”, “will”, “plans”, “expects”, “plans”, “projects”, “predicts”, “estimates”, “aims”. , “Esteem”, “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 control of the Company, and cannot be predicted or quantified and, by therefore, actual results may differ materially from those expressed or implied by these forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements are set out in the documents filed by the Company 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 website 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/20211025005461/en/

CONTACT: Investor Relations and Media Contact:

Scott A. Sheikh

Creek Road Miners, Inc.

[email protected]

KEYWORD: UTAH UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: OTHER TECHNOLOGY GENERAL ENTERTAINMENT OTHER ENTERTAINMENT TECHNOLOGY ENTERTAINMENT

SOURCE: Creek Road Miners, Inc.

Copyright Business Wire 2021.

PUB: 10/25/2021 9:00 a.m. / DISC: 10/25/2021 9:01 a.m.

http://www.businesswire.com/news/home/20211025005461/en

Copyright Business Wire 2021.


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