Gryphon Digital Mining produces 45 bitcoin in March

Gryphon Digital Mining has released its unaudited operational update for March 2024. Key highlights for the month: Produced approximately 45 bitcoin; Approximately $3.1 million in value based on an average March bitcoin price of $67,509; Production of 1.5 BTC/day on average, or about $98,433/day. Achieved bitcoin efficiency of 49 BTC/EH; New Company record average self-mining hashing power of 912 PH/s in March; Machine upgrade program begins with purchase of Bitmain S21 200 TH/s machines; 59 bitcoin in treasury as of March 31, 2024; Average machine efficiency of 28.9 J/T in March; 100% of Scope 1 and Scope 2 operations electrified by zero-carbon emitting Hydro power; First bitcoin miner to publish its granular carbon emissions data in partnership with CarbonChain. During March, Gryphon earned approximately 45 bitcoin coins while setting a new Company record for average self-mining hashing power of 912 PH/s. The month’s performance translated into a bitcoin efficiency rating of 49 BTC/EH. “March was a month of consistency for Gryphon as we set another all-time high in our hashing power while earning bitcoin valued at $3.1 million based on an average bitcoin price of $67,509 during the month,” noted Rob Chang, the CEO of Gryphon. “As we enter into the halvening month, we are confident in our operations due to our market-leading bitcoin efficiency.”