Our Plans

Pennant Petroleum continues to be a leader in mine safety, with an average lost-time incident rate much better than the standard industry average. Our ongoing goal is to improve our economic, social, and environmental (ESG) performance and always work towards positive outcomes for our business and stakeholders. Our process for integrating risk management throughout the business includes identifying, evaluating, and addressing all risks and opportunities on a regular basis. We accomplish this through effective collaboration among all of our departments, business units and stakeholders.

• Bitcoin Mining (BTC): Plans to deploy mining systems installed on pipeline currently owned by Pennant to acquire lowest possible gas energy costs.
• Gas Pipeline:
  • Completed acquisition of Gas Pipeline near Brownwood, Texas for launching strategy.
  • Looking at other mid-stream assets including Tenewa Gas plant in Kansas
• Mining Site/Future Plan:
  • Mining Hashrate:
    • Proprietary IP for Mining conversions, management and gas processing
    • Multiple targets for low gas costs
  • BTC Production:
    • Net target for 80-100 BTC for first year of operations
    • Partnering opportunities for gas suppliers and miners with undeployed assets
  • Steady Reduction of Cost per Bitcoin Mined as Mining Capacity Grows