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Announced

Completed

Creek Road Miners completed the merger with Prairie Operating.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Domestic

Merger

Friendly

United States

oil and gas assets

Majority

Single Bidder

Oil Equipment and Services

Private

Completed

Synopsis

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Creek Road Miners, a firn that develops and operates bitcoin mining scaled-up facilities using natural gas, completed the merger with Prairie Operating, a limited liability company formed for the purpose of acquiring and operating oil and gas properties. Members of Prairie will receive common stock of Creek Road and restricted performance-based options in the merger. Financial terms were not disclosed. "The Creek-Prairie merger is the result of a targeted effort to identify institutional-quality energy assets to generate substantive value for all stakeholders. The resulting team of experienced, pedigreed professionals represent the best in class and will focus on supporting US energy independence," Paul Kessler, Creek Road Miners Executive Chairman.

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