All Articles
Crypto

Gryphon Digital Mining Becomes First Bitcoin Miner To Embrace Carbon Transparency

March 25, 2024
x min read
Gryphon Digital Mining Becomes First Bitcoin Miner To Embrace Carbon Transparency
Mentioned:
No items found.
No items found.
No items found.

The relationship between carbon emissions and Bitcoin mining has been under scrutiny for some time. Now, Gryphon Digital Mining is making a bold move to change that.

What’s happening:

  • Gryphon Digital Mining (NASDAQ: GRYP) has become the first publicly listed Bitcoin mining company to provide full transparency into the carbon emissions of their Bitcoin mining operations
  • Gryphon recently made their carbon emissions report publicly available, providing full transparency into their use of renewable energy and their carbon neutral mining operations

Why it matters:

  • Bitcoin mining companies have been under pressure to lean into renewable sources of energy to power their operations amidst concerns over their emissions and carbon footprint as a consequence of requiring enormous amounts of electricity to power their hardware
  • By validating that it is possible to mine Bitcoin without producing carbon emissions, Gryphon is aiming to usher in a new era of renewable energy powered mining

By the numbers:

  • Gryphon’s entire Bitcoin mining operations are powered 100% by renewable energy sources

Going deeper:

  • Gryphon had previously earned Sustainable Bitcoin Certification from non-profit Energy Web, who is aiming to establish a independent, standardized energy management system that can be applied to all Bitcoin mining companies to accurately measure total emissions

Disclaimer

The New Money provides background information on early stage companies from publicly available sources. The New Money provides no advice on dealing in securities, is not a financial adviser and does not pretend to be so. This message is meant for information and educational purposes only. The information contained in this email is not to be considered factual or complete. Anybody interested in obtaining financial and other information on companies mentioned is advised to get it direct from the companies, or from their own investment adviser. The New Money does not intend for this information to be used to inform an investment decision. The New Money has been compensated by Gryphon Digital Mining for a media campaign, which affects our ability to be unbiased. The Principals of The New Money may buy or sell shares of Gryphon Digital Mining without further notice. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities. The New Money and its principals and agents are not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Always do your own research and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy or Sell securities. No representation is being made that any stock trade will or is likely to achieve profits. Comparisons made to other featured companies or past performance is not indicative of future results.

Discover the world's most disruptive early stage companies with 40,000+ investors.

The markets and trends that matter, made simple.

Join top talent at the world's most respected institutions, companies, and venture capital funds.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.