Gryphon Digital Mining, Inc. Reports Second Quarter 2024 Financial Results

LAS VEGAS, NV / ACCESSWIRE / August 14, 2024 / Gryphon Digital Mining, Inc. (Nasdaq:GRYP) (“Gryphon”, the “Company”, “we”, “our” and “us”), a bitcoin mining company independently certified as 100% renewable and pursuing a negative carbon strategy, today reported financial results for the quarter ended June 30, 2024.

“Gryphon achieved milestones in both hashrate and energy efficiency in Q2 2024, setting new company records,” said Rob Chang, CEO of Gryphon Digital Mining. “We set a new company record quarterly hashrate of 899 PH/s in Q2/24, up 20% from Q2/23. We also achieved a record monthly performance in energy efficiency at 28.5 joules per terahash (“Y/T”) in June. Additionally, Gryphon’s industry-leading operational efficiency in Q2/24 resulted in a breakeven cost per bitcoin of approximately $45,452.”