LAS VEGAS (PRWEB)
June 06, 2023
Gryphon Digital Mining, a leader in net carbon-neutral bitcoin mining, has announced the acquisition of 876 Bitmain S19j Pro+ miners to strengthen its position in the cryptocurrency mining industry. The company expects to increase its self-mining hashrate by 105 PH/s with this strategic investment. Further, it expects to achieve an estimated 1.2 exahash of attributable bitcoin mining hashrate by the end of the summer. The new mining machines are anticipated to be delivered within a few weeks, and they will be promptly deployed at Gryphon’s hydro-powered hosted facility.
The selection of Bitmain S19j Pro+ is driven by its superior efficiency compared to the previous model, the S19j Pro from the prior generation. The new model boasts an energy consumption rate of 27.5 joules/TH, compared to the previous model that consumed 30.5 joules/TH, making it more operationally efficient.
The CEO and Director Rob Chang stated that capital stewardship is of great value to Gryphon, and the company has waited patiently for miner prices to fall to levels that would provide their investors with the best return on investment. With the acquisition of new miner models, the company expects to increase its mining capacity efficiently while deploying them in a carbon-neutral operation.
Gryphon’s existing fleet of 750 PH/s, combined with the anticipated 340 PH/s from its royalty with a third-party miner, is expected to further strengthen its mining capacity, which aligns with Gryphon’s long-term growth strategy and positions it as a prominent player in the net carbon-neutral bitcoin mining sector.
Gryphon Digital Mining is committed to sustainable practices by prioritizing environmentally friendly practices. With its hydro-powered hosted facility, the company significantly reduces its carbon footprint while maintaining a competitive edge.
To learn more about Gryphon, visit its website at https://gryphondigitalmining.com/, and follow it on Twitter @GryphonMining for updates.
About Gryphon Digital Mining
Gryphon Digital Mining, Inc. is revolutionizing the bitcoin space by bringing digital assets onto clean energy grids. With a creative leadership team that has worked with globally recognized brands, Gryphon is streamlining organizational procedures to improve digital asset network infrastructure. Its Bitcoin mining operation has a net carbon-negative strategy. More information is available on its website, https://gryphondigitalmining.com/.
Additional Information and Where to Find It
This communication contains forward-looking statements based on current expectations and may differ materially due to risks and uncertainties. More information is available on the SEC’s website. Investors should read the materials filed by Akerna, Gryphon, or MJ Acquisition Co. with the SEC, including a registration statement on Form S-4, which includes a prospectus and a proxy statement, before making any investment decisions. Investors and securityholders of Akerna and Gryphon are urged to read this material carefully because it contains important information about the proposed transactions. Furthermore, this communication is not a proxy statement or solicitation of a proxy, consent, or authorization with respect to any securities or any solicitation of an offer to sell or buy securities.
Participants in the Solicitation
Akerna, Gryphon, MJ Acquisition Co., and their respective directors and officers may be regarded as participants in the solicitation of proxies from the Akerna stockholders in connection with the proposed transactions. Information regarding their executive officers and directors is available on the SEC’s website.
Cautionary Statements Regarding Forward-Looking Statements
This press release contains forward-looking statements based upon the current expectations of Gryphon and Akerna. Actual results and events could differ materially as a result of risks and uncertainties. These risks and uncertainties are described in periodic filings with the SEC. Gryphon and Akerna expressly disclaim any obligation or undertaking to update or revise any such forward-looking statements contained herein.
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