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Gryphon Digital Mining Looks to Expand Through Machine Purchases, M&A

IPO Edge
·1-min read

By Karen E. Roman

Gryphon Digital Mining, Inc. (Nasdaq: GRYP) said in a January operational update that it wants to expand through machine purchases and M&A opportunities.

The recently-listed bitcoin mining company said it aims become carbon-negative and that it mined 58 bitcoin-equivalent coins in January.

The company saw a record average self-mining hashing power of 864 PH/s due to the purchase and installation of newer generation S19k Pros, it said in a statement.

Since the beginning operations in September 2021, the company has been in the top three of public bitcoin efficiency scores, it said. To learn more about renewable energy-driven bitcoin mining, read Exec Edge’s interview with Gryphon’s CEO Rob Chang here.

 

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