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- Gryphon Digital Mining | New Nasdaq Listing ($GRYP)
Gryphon Digital Mining | New Nasdaq Listing ($GRYP)
The company’s shares are scheduled to list on the Nasdaq Exchange under the symbol ‘GRYP’ on Friday, February 9th.
Gryphon Digital Mining is focused on becoming a leading carbon-neutral Bitcoin miner.
Gryphon’s shares are scheduled to list on the Nasdaq Exchange under the symbol ‘GRYP’ on Friday, February 9th.
Company Highlights:
Gryphon was one of just 5 inaugural miners to be awarded a ‘Green Proofs for Bitcoin’ certification based on their clean energy use and contributions to grid stability.
Gryphon has secured 28MW of power for its ~9,000 miners, and 1.3 exahash of carbon-neutral Bitcoin mining power.
Gryphon has a breakeven Bitcoin mining cost of $15,746 per BTC, based on YTD through September 30, 2023. The current price of Bitcoin is over $45,000.
Gryphon’s leadership team has executive experience at Riot Platforms (NASDAQ:RIOT) and Marathon Digital (NASDAQ:MARA), playing significant roles in growing those companies into some of the most valuable in the crypto and blockchain sector.
Gryphon is an industry leader in Bitcoin Efficiency
Overview: Bitcoin Mining Efficiency
The price of Bitcoin continues to climb, up over 90% in the past year. As Bitcoin price increases, the significance of mining efficiency, defined as the amount of Bitcoin generated per exahash of hashing power, becomes increasingly important.
Gryphon has been a leader in this metric amongst publicly-reporting Bitcoin miners, outperforming the peer average.
Mining efficiency serves as a critical indicator of a mining operation's effectiveness in converting computational power into Bitcoin, and is a key factor in the optimizing profitability.
Gryphon has consistently outperformed peers in Bitcoin Mining Efficiency, demonstrating their ability to be highly competitive across market cycles and a highly volatile Bitcoin price.
For company specific questions, request an introduction to connect with Gryphon Digital Mining management.
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