Prairie Operating exits crypto mining, pro forma shows shift to oil & gas

Prairie Operating Co.

Sold all cryptocurrency miners for $1.0M cash + $1.0M deferred payments on Jan 23, 2024.
Pro forma balance sheet at Sep 30, 2023 removes $4.3M crypto mining equipment and eliminates $50.7M warrant liabilities.
Pro forma net loss for 9M ended Sep 30, 2023: $(12.1M) after removing crypto revenue and costs.
Deposited $9M toward $94.5M Nickel Road oil & gas asset acquisition on Jan 11, 2024.
Merger with Prairie LLC and Series D PIPE ($17.4M) completed May 3, 2023; company renamed from Creek Road Miners.

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