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on Gryphon Digital Mining, Inc.

Gryphon Digital Mining Reports September Operational Results

Gryphon Digital Mining, Inc. has announced a leadership reshuffle, appointing Steve Gutterman as CEO and Jimmy Vaipoulos as Chairman, with Sim Salzman continuing as CFO. This move aims to enhance leadership depth amid steady operational progress.

In September 2024, Gryphon's hashrate improved by 4% from August, reaching 920 PH/s. The company mined approximately 19.31 bitcoins, valued at $1.16 million, at an average bitcoin price of $60,286. Despite a 2% decrease in production from August, Gryphon maintained a fleet uptime of 98.7%.

The bitcoin mining company continues its sustainable operations in the Northeastern U.S., utilizing 100% zero-carbon hydro power. Gryphon evaluates opportunities for an additional 500 MW power pipeline, reinforcing its commitment to low-cost, efficient operations.

R. H.

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