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Gryphon Digital Is Mining Carbon Neutral Bitcoin

March 11, 2024
x min read
Gryphon Digital Is Mining Carbon Neutral Bitcoin

Gryphon Digital is doing something new: mining Bitcoin that’s carbon neutral.

What’s happening:

  • Gryphon Digital Mining (NASDAQ: GRYP) has announced an all time high in their self mining hashing power throughout their operations in February

By the numbers:

  • In February, Gryphon produced 45 Bitcoin from their own mining operations
  • Gryphon also earned 7 Bitcoin through an existing royalty agreement
  • Based on an average Bitcoin price of $49,875 for the month of February, Gryphon earned approximately $2.6M USD in revenue

Why it matters:

  • Gryphon Digital Mining is one of the only Bitcoin mining companies in the world to be independently certified as being completely carbon neutral in their operations

Going deeper:

  • One of the longstanding criticisms of Bitcoin mining has been the energy consumption required to power Bitcoin mining hardware, which is now starting to change due to leveraging renewable power sources and Bitcoin mining companies making operational changes to significantly lower their emissions
  • Aside from being carbon neutral, Gryphon has also consistently been one of the most efficient Bitcoin mining companies based on Bitcoin production per exa hash since commencing their operations

Disclaimer

The New Money provides background information on early stage companies from publicly available sources. The New Money provides no advice on dealing in securities, is not a financial adviser and does not pretend to be so. This message is meant for information and educational purposes only. The information contained in this email is not to be considered factual or complete. Anybody interested in obtaining financial and other information on companies mentioned is advised to get it direct from the companies, or from their own investment adviser. The New Money does not intend for this information to be used to inform an investment decision. The New Money has been compensated by Gryphon Digital Mining for a media campaign, which affects our ability to be unbiased. The Principals of The New Money may buy or sell shares of Gryphon Digital Mining without further notice. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities. The New Money and its principals and agents are not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Always do your own research and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy or Sell securities. No representation is being made that any stock trade will or is likely to achieve profits. Comparisons made to other featured companies or past performance is not indicative of future results.

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