Gryphon Digital Mining produces 40 bitcoin in April

Gryphon Digital Mining has released its unaudited operational update for April 2024. Key highlights for the month: Produced approximately 40 bitcoin; Approximately $2.6 million in value based on an average April bitcoin price of $66,183; Production of 1.33 BTC/day on average, or about $88,244/day; Achieved bitcoin efficiency of 43 BTC/EH; New Company record average self-mining hashing power of 914 PH/s in April; Machine upgrade program completed with the installation of Bitmain S21 200 TH/s machines; 21 bitcoin in treasury as of April 30, 2024; Average machine efficiency improved to 28.7 J/T in April; Scope 1 and Scope 21 operations continue to be 100% electrified by zero-carbon emitting Hydro power. “April signified the beginning of our post go-public improvement program as we ordered and installed a batch of state-of-the-art Bitmain S21 200 TH/s machines to upgrade our mining fleet. The result of this effort was a new Company all-time high in average hashing power at 914 PH/s as well as a new Company all-time best in average mining efficiency at 28.7 J/T as our new machines are currently tracking to be 43% more efficient than the machines they replaced,” noted Rob Chang, CEO of Gryphon. “For the month, we earned bitcoin valued at approximately $2.6 million based on an average bitcoin price of $66,183, which includes record setting days when bitcoin mining transaction fees were particularly valuable.”