Mammoth Energy Pockets Two Fiber-Related Contracts

December 1, 2021 2:01 PM | 1 min read |

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.