Creek Road Miners Inc (OTC:CRKR), a sponsor of the upcoming FinTwit Conference hosted by Benzinga in partnership with Lupton Capital, has devised a novel method of mining bitcoin for a fraction of the price. This is accomplished by utilizing a 2,300-acre plot of land in Louisiana which has direct access to the transcontinental natural gas pipeline.
Creek Road then uses the natural gas to run its crypto mining activities, and is effectively self-sufficient in terms of energy. By doing so, the dangers of increased government control and regulation of oil and gas companies that supply energy to the grid are minimized, as are the costs of energy transportation.
Vertical integration, energy diversification, revenue diversification, geographic diversification, and cryptocurrency diversification are the five cornerstones of the company's strategy.
