Gryphon Digital Mining today revealed that the initial batch of 7,200 S19J Pro Antminers has been set up and has started mining bitcoin. This is a watershed moment for the firm as it advances from being an aspirational cryptocurrency miner to a functioning miner, and it is just another step toward the company’s goal of becoming a major player with a zero carbon footprint in the bitcoin mining sector.
Gryphon Digital Mining is a zero-carbon Bitcoin mining business. Gryphon’s long-term goal is to be the first vertically integrated cryptocurrency miner with a wholly-owned, 100% renewable energy supply. Gryphon provides dependable, low-cost hydro-electric mining with aims to add to many other renewable sources such as nuclear, wind, and solar power to reduce mining’s environmental effects.
Gryphon Digital Mining has signed a deal and Plan of Merger with Sphere 3D (Nasdaq: ANY), under which Gryphon shareholders will become Sphere 3D shareholders and the merged entity will remain listed on Nasdaq. The merger is due to be finished in the fourth quarter of 21.
The company will keep receiving 600-machine parcels every month until the total delivery of 7,200 machines is completed. Notably, the order is expected to offer Gryphon with roughly 720 PH/s of hashing power, placing it among the top 15 global miners. This group of high-efficiency miners will be a portion one of the few cryptocurrency mining operations that will be powered entirely by sustainable power.
The acquisition of the S19j Pro miners is a thrilling and giant step forward in Gryphon Digital Mining’s growth strategy to significantly raise its bitcoin hash rate while preserving a negative carbon footprint. Bitmain’s newest model, the S19j Pro, was unveiled this summer. Thelatest miner has a hash rate of 100 TH/s, an industry-leading energy saving ratio of 29.5 J/TH, and a life span of more than five years.
“The installation of these cutting-edge machines represents a watershed moment for Gryphon, as we follow in the footsteps of the world’s successful bitcoin miners. Seeing the machines in action, powered by 100% sustainable power, is the foremost of many demonstrations that validate our long-term dedicaton to the crypto currency mining industry in a responsible way “ stated Rob Chang, CEO of Gryphon Digital Mining.
