How AXP Energy Is Powering Bitcoin Mining with Oklahoma Gas Fields

Resource Disclosure Update

AXP Energy Limited (ASX, AXP) has issued a replacement webinar presentation to address prior omissions in resource estimate disclosures, ensuring compliance with ASX Listing Rules. The updated appendices now provide the necessary supporting information for the company’s reported reserves and contingent resources, reaffirming the robustness of its asset base.

Strategic Focus on Gas-to-Power Bitcoin Mining

AXP is uniquely positioned as the only ASX-listed energy company delivering off-grid gas-to-power solutions tailored for the bitcoin mining sector. Its partnership with NASDAQ-listed BitFuFu Inc. has catalyzed the development of the Pathfinder Field in Colorado, where a successful trial generated approximately 1.5 MW/hour of electricity powering bitcoin mining containers with over 90% uptime. This success underpins plans to scale operations significantly.

Expansion into Oklahoma’s Proven Oil Fields

Building on its Colorado operations, AXP is aggressively expanding into Oklahoma, targeting low-cost vertical well drilling in the Mississippi Lime formation; a region with a strong production history and favorable economics. The company aims to replicate the success of Austex Oil Limited, a neighboring operator with proven reserves and a track record of rapid production growth. Oklahoma’s supportive regulatory environment and proximity to infrastructure such as the Phillips 66 Ponca City refinery further enhance AXP’s growth prospects.

Multiple Revenue Streams and Market Tailwinds

AXP’s business model leverages multiple revenue streams, natural gas sales, oil production, and natural gas liquids (NGLs) extracted from wet gas. The company is capitalizing on the surging electricity demand from data centers, AI, and cryptocurrency mining, sectors expected to double power consumption by 2026. Off-grid natural gas power generation offers a cost-competitive and reliable energy source, positioning AXP to meet this growing demand effectively.

Operational Readiness and Financial Outlook

With a well-established management team experienced in upstream oil and gas operations, AXP is executing a rapid development timeline; drilling to production within 60 days. The company’s economic model projects attractive returns, with internal rates of return exceeding 50% under current commodity price assumptions. Early revenues are anticipated from initial well completions, supporting ongoing expansion and investor confidence.