- Mammoth Energy Services Inc's TUSK fiber division has secured two fiber-related contracts from two different electric cooperatives in the Midwest. The financial terms were not disclosed.
- The company will provide make-ready construction services in preparation for fiber installation under one contract and will provide fiber installation services under the other contract.
- The company expects the projects to generate an aggregate of ~$7.7 million in revenue over the next 18 months. The projects will begin in the coming weeks.
- "These contracts mark the first projects for our newly established fiber business and reflect the ongoing expansion of our infrastructure suite of services," said Arty Straehla, CEO of Mammoth.
- Price Action: TUSK shares are trading lower by 1.04% at $1.91 on the last check Wednesday.
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