Creek Road Miners enters hosting agreement with Atlas Power for crypto mining at $0.08/kWh

Prairie Operating Co.

Two-year hosting agreement with Atlas Power for crypto miners at North Dakota facility.
Monthly fee of $0.08/kWh for electricity; mined bitcoin transferred to Atlas-controlled wallets.
Atlas deducts hosting fee from monthly mined currency based on Coinbase BTC closing price, remits net.
Company grants Atlas a second-position security interest in the mining equipment.
Agreement covers colocation, setup, operation, and management services; includes outage provisions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Prairie Operating Co. entered into Master Services Agreement and Order Form with Atlas Power Hosting, LLC valued at two-year term; hosting fee of $0.08 per kilowatt-hour for electricity consumed by miners; payment vi (effective 2023-03-02).

Action: entry
Counterparty: Atlas Power Hosting, LLC
Value: two-year term; hosting fee of $0.08 per kilowatt-hour for electricity consumed by miners; payment vi
Effective: 2023-03-02

Exact text from the filing

On March 2, 2023, Creek Road, Inc. (“Company”) entered into a Master Services Agreement and the Order Form thereunder (the “Agreement”) with Atlas Power Hosting, LLC (“Atlas”). Under the Agreement, Atlas will provide the Company with cryptocurrency mining services for the Company’s cryptocurrency miners at its facility in North Dakota.

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Prairie Operating Co. filing history →

Source: SEC EDGAR

accession 0001493152-23-006719

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