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Benzinga
Benzinga
Business
Akanksha Bakshi

Capstone Bags Two EaaS Contracts From Cryptocurrency Mining Company

Capstone (Organization) Capstone Green Energy CGRN Cryptocurrency Mining Capstone Green Energy Corp Nasdaq Caribbean Mid (Location)
  • Capstone Green Energy Corp (NASDAQ:CGRN) distributor for the Mid-Atlantic and Southeastern U.S. and the Caribbean, E-Finity Distributed Generation, secured two new 36-month Energy-as-a-Service (EaaS) contracts from a cryptocurrency mining company. Financial terms were not disclosed.
  • Capstone said it focuses on growing the EaaS business model as it provides higher margins and more constant revenue streams.
  • The customer approached E-Finity wanting to take advantage of existing on-site production waste gas that would otherwise go unused.
  • "As an EaaS provider, Capstone Green Energy is focused on growing its energy asset management business, including our industry-leading Factory Protection Plan (FPP) service offering, as well as our long-term on-site energy system rental business," said CEO Darren Jamison.
  • Price Action: CGRN shares are trading higher by 5.87% at $3.20 on the last check Wednesday.
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