Gryphon digital mining announces q2/24 operational update

Record company quarterly hashrate as mining operations grow 20% yoy ; considering high performance computing in growth plans las vegas, nv / accesswire / july 9, 2024 / gryphon digital mining, inc. (nasdaq:gryp) ("gryphon" or the "company"), a bitcoin mining company that is independently certified to be 100% renewable and pursuing a negative carbon strategy, has released its unaudited operational update for june 2024 and q2/24. key highlights: set a new company record in quarterly hashrate of 899 ph/s in q2/24, a 20% increase over q2/23 record monthly performance in energy efficiency at 28.5 joules per terahash ("j/t") in june expect to have produced approximately 84 bitcoin in the second quarter projected approximately $5.5 million in value based on an average quarterly bitcoin price of $65,916 achieved bitcoin efficiency of 25 btc/eh for the month of june 99.4% mining fleet average up time in june qualified for inclusion in the russell microcap index, which was effective as of july 1st scope 1 and scope 21 operations continue to be 100% electrified by zero-carbon emitting hydro power "the second quarter of 2024 was significant for gryphon as we achieved company records in hashrate and energy efficiency," noted rob chang, ceo of gryphon.
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