sur Gryphon Digital Mining, Inc.
Gryphon Digital Mining Announces July Operational Update
Gryphon Digital Mining, Inc. (Nasdaq: GRYP), a bitcoin mining company committed to 100% renewable energy, has released its operational update for July 2024. The company achieved a bitcoin efficiency of 24 BTC/EH, maintaining its position among the leaders in the industry.
The company's monthly average hashrate increased by 8% year-over-year, reaching 871 PH/s. Energy efficiency was sustained at 28.6 J/T. Gryphon produced approximately 21.4 bitcoin in July, valued at roughly $1.34 million based on an average bitcoin price of $62,805.
The firm's operations continue to be powered entirely by zero-carbon hydroelectric power. CEO Rob Chang noted the company's consistent operational performance and highlighted that Gryphon's bitcoin efficiency ranked second among its peers in June.
Gryphon remains focused on securing low-cost power as a key strategy for long-term viability in bitcoin mining. To date, the company has explored over 25 potential opportunities, conducting thorough due diligence.
R. P.
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