sur Gryphon Digital Mining, Inc.
Gryphon Digital Mining Announces August Operational Update
Gryphon Digital Mining, Inc. (Nasdaq:GRYP), a bitcoin mining company focused on low-cost and efficient operations with an ESG focus, has released its unaudited operational update for August 2024.
The company has entered into an agreement to acquire up to 2.9 megawatts (MW) of operations with power purchase agreements at an average cost of 1 cent per kilowatt hour (kWh). This acquisition is part of a 500 MW pipeline. Gryphon achieved a bitcoin efficiency of 22 BTC/EH and an improved hashrate of 883 PH/s, an 8% increase over August 2023.
The company's energy efficiency improved to 28.5 joules per terahash (J/T), and it expects to have produced about 20 bitcoins, valued at approximately $1.2 million. Gryphon's operations in the Northeastern U.S. are 100% powered by zero-carbon hydro power.
Additionally, Gryphon welcomed the return of founding member Dan Tolhurst to the Board of Directors. Tolhurst brings nearly two decades of experience from companies like Netflix, Walt Disney, Booz & Company, and Bank of Montreal.
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