Gryphon Digital Mining, Inc. (NASDAQ:GRYP) (“Gryphon” or the “Company”), a bitcoin mining company that is independently certified to be 100% renewable and pursuing a negative carbon strategy, has released its unaudited operational update for March 2024.
Key highlights for the month:
- Produced approximately 45 bitcoin
- Approximately $3.1 million in value based on an average March bitcoin price of $67,509
- Production of 1.5 BTC/day on average, or about $98,433/day.
- Achieved bitcoin efficiency of 49 BTC/EH
- New Company record average self-mining hashing power of 912 PH/s in March
- Machine upgrade program begins with purchase of Bitmain S21 200 TH/s machines
- 59 bitcoin in treasury as of March 31, 2024
- Average machine efficiency of 28.9 J/T in March
- 100% of Scope 1 and Scope 2 operations electrified by zero-carbon emitting Hydro power
- First bitcoin miner to publish its granular carbon emissions data in partnership with CarbonChain (full report available here)
During March, Gryphon earned approximately 45 bitcoin coins while setting a new Company record for average self-mining hashing power of 912 PH/s. The month’s performance translated into a bitcoin efficiency rating of 49 BTC/EH.
