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Gryphon Digital Mining Becomes First Bitcoin Miner To Embrace Carbon Transparency

March 25, 2024
x min read

The relationship between carbon emissions and Bitcoin mining has been under scrutiny for some time. Now, Gryphon Digital Mining is making a bold move to change that.

What’s happening:

  • Gryphon Digital Mining (NASDAQ: GRYP) has become the first publicly listed Bitcoin mining company to provide full transparency into the carbon emissions of their Bitcoin mining operations
  • Gryphon recently made their carbon emissions report publicly available, providing full transparency into their use of renewable energy and their carbon neutral mining operations

Why it matters:

  • Bitcoin mining companies have been under pressure to lean into renewable sources of energy to power their operations amidst concerns over their emissions and carbon footprint as a consequence of requiring enormous amounts of electricity to power their hardware
  • By validating that it is possible to mine Bitcoin without producing carbon emissions, Gryphon is aiming to usher in a new era of renewable energy powered mining

By the numbers:

  • Gryphon’s entire Bitcoin mining operations are powered 100% by renewable energy sources

Going deeper:

  • Gryphon had previously earned Sustainable Bitcoin Certification from non-profit Energy Web, who is aiming to establish a independent, standardized energy management system that can be applied to all Bitcoin mining companies to accurately measure total emissions

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