Gryphon Digital Mining Acquires Ultra Low-Cost Operation, Reports Strong August Bitcoin Production
Portfolio Pulse from Benzinga Newsdesk
Gryphon Digital Mining (NASDAQ:GRYP) has announced the acquisition of an ultra low-cost bitcoin mining operation and reported strong August bitcoin production. The company achieved a bitcoin efficiency of 22 BTC/EH and improved its hashrate by 8% compared to August 2023. Gryphon continues to focus on sustainable operations powered by zero-carbon hydro power.
September 05, 2024 | 11:08 am
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Gryphon Digital Mining has acquired a low-cost bitcoin mining operation, enhancing its production capabilities and efficiency. The company reported strong August production and continues to focus on sustainable, zero-carbon operations.
The acquisition of a low-cost operation and strong production results are positive indicators for Gryphon's growth and operational efficiency. The focus on sustainability aligns with current ESG trends, potentially attracting more investors.
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