Gryphon Digital Mining Mines 45 Bitcoin in March, Powered Entirely by Renewable Energy
Portfolio Pulse from Benzinga Newsdesk
Gryphon Digital Mining, Inc. (NASDAQ:GRYP) announced its March 2024 operational update, highlighting the production of approximately 45 bitcoin, valued at around $3.1 million. The company, which operates on 100% renewable energy, achieved a new record in average self-mining hashing power of 912 PH/s and a bitcoin efficiency of 49 BTC/EH. Gryphon also initiated a machine upgrade program with the purchase of Bitmain S21 200 TH/s machines and reported having 59 bitcoin in its treasury as of March 31, 2024.
April 04, 2024 | 11:09 am
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Gryphon Digital Mining announced significant operational achievements in March 2024, including mining 45 bitcoin and setting new records in hashing power and efficiency, all powered by renewable energy.
The positive operational update from Gryphon Digital Mining, including the successful mining of 45 bitcoin and improvements in efficiency and hashing power, is likely to be viewed favorably by investors. The emphasis on renewable energy and sustainability further enhances the company's image and may attract environmentally conscious investors, potentially driving up the stock price in the short term.
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