on Gryphon Digital Mining, Inc.

Gryphon Digital Mining Posts Impressive Q2/24 Operational Results

Gryphon Digital Mining, Inc. (NASDAQ: GRYP), a bitcoin miner using 100% renewable energy, reported strong Q2/24 results. The company set a record quarterly hashrate, reaching 899 PH/s, a 20% year-over-year growth. Energy efficiency hit a peak of 28.5 J/T in June.

The firm produced about 84 bitcoin in Q2, valued at approximately $5.5 million. Bitcoin efficiency was reported at 25 BTC/EH for June, with an impressive 99.4% mining fleet uptime. Gryphon also joined the Russell Microcap Index from July 1st.

CEO Rob Chang highlighted Gryphon’s consistent progress since its Nasdaq debut in February 2024. The company remains focused on evaluating over 20 growth opportunities, including potential High Performance Computing (HPC) operations.

R. E.

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