Entrex partners with CryptoTherm on $240 million Bitcoin mining pipeline

By AI, Created 5:13 PM UTC, May 18, 2026, /AGP/ – Entrex said it has formed a strategic partnership with CryptoTherm to pursue about 1,000 operating Bitcoin mining units in targeted acquisitions valued at roughly $240 million. The company says the deal could expand its cash-flowing asset base and boost EBITDA per share as it moves through documentation and closing.

Why it matters: - Entrex is building a larger portfolio of cash-flow-positive energy infrastructure assets through acquired operating Bitcoin mining units. - The partnership could add measurable EBITDA to Entrex’s asset base and support the company’s stated goal of improving EBITDA per share. - The targeted scale, about 1,000 units and $240 million, makes this one of Entrex’s largest single-partner acquisition pipelines.

What happened: - Entrex announced a strategic partnership with CryptoTherm on May 11, 2026. - The companies plan to produce and acquire approximately 1,000 operating Bitcoin mining units. - The acquisition pipeline is estimated at $240 million. - Entrex framed the deal as a working framework to acquire ownership interests in units with demonstrated historical EBITDA. - The company positioned the strategy as focused on proven operating performance instead of speculative development.

The details: - Entrex said the partnership fits its standardized acquisition model. - The model targets revenue-generating, EBITDA-producing assets. - Entrex expects the partnership to materially expand its portfolio of cash-flow-positive energy infrastructure assets. - Entrex also expects the deal to meaningfully enhance EBITDA per share. - Stephen H. Watkins, chairman and CEO of Entrex, called the partnership a defining moment for the company. - Watkins said CryptoTherm is the kind of partner Entrex can scale with as it deploys capital from its SEC-qualified offering. - Austin Bank, CEO of CryptoTherm, said Entrex’s acquisition framework gives operators a transparent path to monetize value already built. - Bank said the scale of the engagement reflects the strength of the alignment between the two companies. - Watkins said each acquired unit adds measurable EBITDA to the portfolio. - Watkins said the company’s model is repeatable and scalable because it acquires proven assets, consolidates verified EBITDA and scales capital alongside operating performance. - Entrex said it will provide additional updates as the partnership moves through definitive documentation and closing conditions. - Entrex urged investors to follow @OfficialNTRX on X for timely updates. - Entrex also lists a LinkedIn page at the company’s LinkedIn profile. - Entrex’s X account is @officialntrx.

Between the lines: - The deal reinforces Entrex’s preference for operating assets with established cash flow rather than early-stage infrastructure bets. - The emphasis on verified EBITDA suggests Entrex is trying to reduce execution risk while scaling through acquisition. - The partnership also gives CryptoTherm a public-market-backed route to monetize operating value.

What’s next: - Entrex said the partnership still needs definitive documentation and closing conditions. - Additional updates are expected as the transaction advances. - Investors will likely watch for confirmation of structure, timing and asset count as the deal progresses.

The bottom line: - Entrex is aiming to turn a large Bitcoin mining acquisition pipeline into a bigger base of operating, cash-generating assets.