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Carbon Neutral Bitcoin Miner Debuts On Nasdaq

February 9, 2024
x min read

There’s a new publicly listed Bitcoin mining company in the United States. And their vision is unique: to mine Bitcoin and be carbon neutral.

What’s happening:

  • Carbon neutral Bitcoin miner Gryphon Digital Mining (NASDAQ:GRYP) has officially begun trading on the Nasdaq Exchange

The big idea:

  • Gryphon Digital Mining is aiming to bring digital assets onto the clean energy grid and be a leader in carbon neutral Bitcoin mining at scale

By the numbers:

  • Gryphon Digital Mining was 1 of 5 Bitcoin miners to be awarded a ‘Green Proofs For Bitcoin’ certification based on their clean energy use and providing stability to the grid
  • Gryphon has secured 28MW of power for their 9,000 Bitcoin mining rigs

Why it matters:

  • Finding low carbon or zero carbon sources of energy to power Bitcoin mining has become a rising trend, with companies using everything from methane gas emissions from landfills to nuclear energy to provide power for Bitcoin mining rigs
  • While Bitcoin mining was once seen as a wasteful use of energy as well as a contributor to emissions, there has been a paradigm shift in the space as more Bitcoin mining companies have found ways to harness renewable energy sources to power their operations

Going deeper:

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