Gryphon Digital Mining Signs Definitive Agreement for Natural Gas Assets, Securing Low-Cost Power of 100 MW, Expandable and Scalable to 1 GW
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Gryphon Digital Mining has signed a definitive agreement to acquire natural gas assets in Canada, securing low-cost power for its bitcoin and AI operations. The acquisition includes a 100 MW power generation capacity, expandable to 1 GW, with energy costs under $0.03/KWH.
December 10, 2024 | 2:15 pm
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Gryphon Digital Mining has entered into a definitive agreement to acquire natural gas assets in Canada, providing a significant power supply for its bitcoin and AI operations. This move is expected to secure long-term competitive advantages with low energy costs.
The acquisition of natural gas assets provides Gryphon with a low-cost power source, crucial for its energy-intensive bitcoin mining and AI operations. This strategic move is likely to enhance Gryphon's competitive position and operational efficiency, positively impacting its stock price.
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