Gryphon Digital Is Mining More Carbon Neutral Bitcoin

One of the only publicly listed Bitcoin mining companies that operates without any carbon emissions is continuing to mine more Bitcoin.

‍What’s happening:‍

Gryphon Digital (NASDAQ: GRYP) has announced they have successfully mined Bitcoin worth approximately $1.34M USD in the month of July

Why it matters:‍

Gryphon Digital is one of the few publicly listed companies capable of mining Bitcoin without any carbon emissions and has been successfully powering their operations with zero-carbon emitting hydro power since inception

By the numbers:‍

Gryphon Digital is also one of the many publicly traded companies who continues to hold Bitcoin directly as an asset, currently owning 21 Bitcoins
All of Gryphon Digital’s mining operations are powered by 100% renewable energy sources
Following the Bitcoin halving, Gryphon Digital previously upgraded their Bitcoin mining hardware and deployed new S21 200 miners which added approximately 23PH/s to their hashing power

Going deeper:‍

Gryphon Digital also previously received Sustainable Bitcoin Certification from non-profit Energy Web, who is aiming to develop a first of its kind standardized energy management system to accurately track the emissions of Bitcoin mining companies globally

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