Gryphon acquires ultra low-cost power mining operations at ~$0.01/kwh

Gryphon takes first step in low-cost power plan las vegas, nv / accesswire / august 20, 2024 / gryphon digital mining, inc. (nasdaq:gryp) ("gryphon" or the "company") a bitcoin mining company that is focused on low-cost, efficient operations with an esg focus is proud to announce its first step in its low-cost power pipeline plans. key highlights: ultra low-cost power: power purchase agreements with per kilowatt hour costs averaging around ~1 cent operating asset: up to 2.9 megawatts ("mw") of currently running operations equipped with 59 ph/s of bitcoin mining machines immediately accretive: depending on usage, management believes that these low-cost power assets can generate around $1m in annual revenue flexibility: low-cost power is expected to provide the company with flexibility to take advantage of different opportunities that include bitcoin mining, high performance computing, and machine hosting.
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