Gryphon Digital Mining Releases Operational Update For September; Expect To Have Generated Revenues Of $1.16M For September, Based On An Average Bitcoin Price Of $60,286
Portfolio Pulse from Benzinga Newsdesk
Gryphon Digital Mining reported a 2% decrease in Bitcoin production for September due to increased mining difficulty, generating estimated revenues of $1.16M based on an average Bitcoin price of $60,286.
October 14, 2024 | 8:16 pm
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Gryphon Digital Mining experienced a 2% decrease in Bitcoin production in September due to increased mining difficulty, but still expects to generate $1.16M in revenue.
The decrease in Bitcoin production is offset by the high average Bitcoin price, leading to stable revenue expectations. The impact on GRYP's stock price is likely neutral as the revenue remains strong despite production challenges.
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