AXP Energy Limited announced a significant milestone at its fully owned Pathfinder hydraulic field in Colorado. The company’s latest update highlights that the Pathfinder #1 well is now pumping and contributing natural gas to its inaugural gas-to-power-bitcoin mining operation. The well has successfully produced hydrocarbons from the Greenhorn Formation—a first for the Florence leases—with 60 barrels of oil and frac fluid produced in the initial week of operations. The gas output, measured at approximately 260 mcf per day, is currently feeding two generators that power roughly 530 ASIC bitcoin miners supplied by BitFuFu, Inc. The initial gas-to-power site has proven its technical viability, delivering reliable uptime to support 1.5 MW of power generation, which in turn produces 0.8BTC per month for its first customer under a Joint Development Agreement. Gas flows from Pathfinder #1 are now integrated into the Vespucci and Pathfinder #2 gas gathering system, bolstering the stability and performance of the power generation setup. Building on these encouraging results, AXP Energy is actively assessing new opportunities and jurisdictions within the United States. The company aims to accelerate its power generation capacity from the current 1.5 MW to an ambitious 25 MW by the end of the year, leveraging regulatory environments in other states that offer faster deployment than the 9-12 month permit timelines currently seen in Colorado. AXP Energy’s Managing Director, Dan Lanskey, expressed strong enthusiasm about the progress made so far, emphasizing that the successful operation of the first off-grid gas-to-power site validates the scalability of the concept. With additional sites under review in a more favorable regulatory landscape and strategic utilization of remote locations enabled by Starlink Satellite services, the company is positioning itself to rapidly increase output and better serve the growing bitcoin mining market. Lanskey reiterated the company’s commitment to expanding its role as a reliable energy partner to high-performance computing and crypto mining sectors. Market sentiment reflects both bullish and bearish perspectives. On the bullish side, the successful execution at the Colorado site, combined with plans to upscale capacity to 25 MW and expand into jurisdictions with faster regulatory approval, signals strong growth potential. The innovative use of stranded gas for off-grid power generation, coupled with strategic partnerships and technological advancements, enhances the company’s competitive position. Conversely, bearish concerns center on the regulatory challenges in Colorado, where permit delays could hinder immediate expansion, and the inherent uncertainties in gas production rates may impact performance continuity. Investors are advised to consider these dynamics in light of the forward-looking nature of the operational projections.