AXP Energy Managing Director Dan Lanskey joined Steve Darling from Proactive to announce the successful completion of the company’s initial gas-to-power trial at the Pathfinder production hub in Colorado. Over a 14-day period, AXP delivered 1.5 MW/hour of electricity with 85% uptime, supporting efficient bitcoin mining operations. Following system optimizations, uptime has now exceeded 90%, marking a significant milestone for the project.
AXP has secured the backing of NASDAQ-listed BitFuFu, Inc., through its joint venture partner, to advance the next phase of bitcoin mining expansion at the Pathfinder Field. The site, which has a steady supply of natural gas from AXP’s 24 wells, holds further production potential to support large-scale mining operations.
Looking ahead, AXP is targeting the phased delivery of 25 MW of electricity by the end of 2025. The next immediate step is expanding the first site to 5 MW, with BitFuFu supplying additional ASIC miners and equipment. Beyond the Pathfinder Field, AXP and BitFuFu are also exploring additional opportunities across North America, with AXP serving as the primary energy provider for future mining projects.
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