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
