Creek Road Miners (OTCMKTS:CRKR) Stock Rockets 30% On High Volume: What Next?
Shares of Creek Road Miners (OTCMKTS:CRKR) ended sharply higher in the previous trading session after the news.
Market Reaction:
On Monday, CRKR stock soared 30% at $1.95 with more than 15k shares, compared to its average volume of 4k shares. The stock has moved within a range of $1.5000 – 2.0000 after opening the trade at $1.50.
Announces Its First Cryptocurrency Revenue at Commercial Scale
Creek Road Miners (OTCMKTS:CRKR) on October 25,2021 announced completing and deploying inaugural commercial-scale cryptocurrency mining premises. This will ensure that the firm is mining at a speed of 16 Petahash per second and will be having its first Bitcoin revenue.
This is also the first of its kind mobile Bitcoin operation.
Creek Road Miners had recently acquired from Bitmain Technologies Ltd , the AntMiner S19 Pros, which is engineered to rough out elements while taking power for operations and providing airflow necessary for cooling.
The set up can be deployed both in water and land. In water, operations can be moved anywhere a barge can move, giving the firm ability to leverage resources harnessed inadequately.
Scott D Kaufman, Chairman and CEO of Creek Road Miners said that when the initiative began just six months back, there was an aggressive timeline and a high bar set. He added that after months of engaging with complex logistics, the company has now effectively moved from concept to reality, with the start of phase 1 of development as well as launch of its mining operations. Kaufman added that it is focused on scaling up operations in the near term and is keen on its results.
