Gryphon digital mining announces july operational update

Leadership in bitcoin efficiency and energy efficiency continues, with 24 btc/eh and 28.6 j/t respectively las vegas, nv / accesswire / august 5, 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 july 2024. key july highlights: leading bitcoin efficiency: achieved bitcoin efficiency of 24 btc/eh for the month of july, following a second-place score among publicly disclosing peers in june improved hashrate: monthly average hashrate of 871 ph/s, an 8% increase over july 2023 strong energy efficiency: maintained leading energy efficiency at 28.6 joules per terahash ("j/t") bitcoin production: expect to have produced approximately 21.4 bitcoin projected approximately $1.34 million in value based on an average bitcoin price for the month of $62,805 sustainable operations: scope 1 and scope 2[1] operations continue to be 100% electrified by zero-carbon emitting hydro power "july showcased gryphon's operational consistency as we have maintained robust production and efficiency levels over the past few months," noted rob chang, ceo of gryphon.
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