Gryphon Digital Mining Achieves Record Hashing Power and Advances in Machine Upgrades

Gryphon Digital Mining, Inc., a pioneering bitcoin mining firm known for its 100% renewable energy commitment, shared its March 2024 performance update, showcasing notable achievements including a new peak in self-mining hashing power and significant progress in machine upgrades. The company produced about 45 bitcoin in March, valued at approximately $3.1 million, and achieved an efficiency of 49 BTC/EH. A new company record was set with an average self-mining hashing power of 912 PH/s.

The Las Vegas-based company reported beginning its machine upgrade program with the acquisition of Bitmain S21 200 TH/s machines aiming to enhance its operational efficiency. As of March 31, 2024, Gryphon had 59 bitcoins in its treasury, maintaining an average machine efficiency of 28.9 J/T. Furthermore, Gryphon emphasized its environmental commitment by achieving 100% electrification of its operations through zero-carbon emitting hydro power and becoming the first bitcoin miner to publish detailed carbon emissions data in partnership with CarbonChain.

Gryphon Digital Mining's CEO Rob Chang expressed confidence in the company's market-leading bitcoin efficiency and its strategic direction amidst the industry's evolving landscape. The firm's efforts to increase its hashing power and improve fleet efficiency underline its position as a significant player in sustainably powering the future of bitcoin mining.

Additionally, Gryphon outlined its upcoming participation in several industry conferences, signaling its active engagement with the broader digital asset and financial community.