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
