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Gryphon Digital Is Mining More Carbon Neutral Bitcoin

August 4, 2024
x min read
Server racks surrounded by plants

One of the only publicly listed Bitcoin mining companies that operates without any carbon emissions is continuing to mine more Bitcoin.

What’s happening:

  • Gryphon Digital (NASDAQ: GRYP) has announced they have successfully mined Bitcoin worth approximately $1.34M USD in the month of July

Why it matters:

  • Gryphon Digital is one of the few publicly listed companies capable of mining Bitcoin without any carbon emissions and has been successfully powering their operations with zero-carbon emitting hydro power since inception

By the numbers:

  • Gryphon Digital is also one of the many publicly traded companies who continues to hold Bitcoin directly as an asset, currently owning 21 Bitcoins
  • All of Gryphon Digital’s mining operations are powered by 100% renewable energy sources
  • Following the Bitcoin halving, Gryphon Digital previously upgraded their Bitcoin mining hardware and deployed new S21 200 miners which added approximately 23PH/s to their hashing power

Going deeper:

Disclaimer

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