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.
Machine Upgrades Set New Company Record in Energy Efficiency LAS VEGAS, NV / ACCESSWIRE / June 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 May 2024. Key highlights for the month: Set a new company record in energy efficiency of 28.6 joules per terahash ("J/T") Produced approximately 22 bitcoin Approximately $1.4 million in value based on an average May bitcoin price of $65,071 Achieved bitcoin efficiency of 24 BTC/EH Self-mining hashing power of 904 PH/s 98% average up time on mining fleet Qualified for inclusion in the Russell Microcap Index, effective at the open of US equity markets on July 1st Scope 1 and Scope 2[1] operations continue to be 100% electrified by zero-carbon emitting Hydro power "May marked a pivotal moment for Gryphon as we reaped the rewards of our strategic investment in cutting-edge Bitmain S21 200 TH/s machines," noted Rob Chang, CEO of Gryphon.
Gryphon Digital Mining, Inc. (NASDAQ:GRYP ) Q1 2024 Earnings Conference Call May 14, 2024 11:00 AM ET Company Participants Rob Chang - Chief Executive Officer Sim Salzman - Chief Financial Officer Conference Call Participants Martin Toner - ATB Capital Market Jon Hickman - Ladenburg and Thalmann Kevin Dede - H. C. Wainwright Operator Greetings, and welcome to the Gryphon Digital Mining First Quarter 2024 Earnings Call.