AXP Energy Powers Up with 320 kW Generator Installation
AXP Energy (ASX:AXP) has completed the installation of a 320 kW natural gas-powered generator and digital mining equipment at its Oklahoma operations.
The setup enables the company to generate revenue from previously unused natural gas while increasing processing capacity for oil flow testing.
A 10-day oil flow testing program is scheduled to begin this week, aiming to optimize oil production and fuel onsite operations.
According to AXP Energy Managing Director and CEO Daniel Lanskey, the new system uses gas produced at the well site to power an initial 320 kW genset and operate third-party ASIC miners connected through Starlink.