Gryphon Digital Mining Says Produced Approximately 22 Bitcoin In May; Bitcoin Efficiency Of 24 BTC/EH
Portfolio Pulse from Benzinga Newsdesk
Gryphon Digital Mining reported producing approximately 22 Bitcoin in May, with a Bitcoin efficiency of 24 BTC/EH. The company earned around $1.4 million based on an average May Bitcoin price of $65,071 and held approximately 17 Bitcoin in its treasury at the end of May.
June 05, 2024 | 11:07 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Gryphon Digital Mining produced 22 Bitcoin in May, earning approximately $1.4 million and holding 17 Bitcoin in its treasury. This indicates strong operational performance and efficient Bitcoin mining.
The production of 22 Bitcoin and the earnings of $1.4 million demonstrate Gryphon Digital Mining's operational efficiency and profitability. Holding 17 Bitcoin in treasury also indicates a strong balance sheet, which is positive for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100