Gryphon Digital Mining Announces September Operational Update
Gryphon Digital Mining (Nasdaq:GRYP) has released its unaudited operational update for September 2024. Key highlights include:
- Leadership changes: Steve Gutterman named CEO, Jimmy Vaipoulos as Chairman, and Sim Salzman continuing as CFO
- +500 MW power pipeline under evaluation
- Monthly average hashrate of 920 PH/s, a 4% increase over August
- Expected bitcoin production of 19.31, valued at approximately $1.16 million
- 98.7% mining fleet uptime
- 100% zero-carbon emitting hydro power for Scope 1 and 2 operations
The company aims to focus on organic revenue expansion, strategic M&A, leveraging energy cost advantages, and attracting capital to support growth. September's bitcoin production decreased by 2% month-over-month due to increased difficulty levels. Gryphon held approximately 9.6 bitcoin in its treasury at the end of September.
Gryphon Digital Mining (Nasdaq:GRYP) ha pubblicato il suo aggiornamento operativo non verificato per settembre 2024. Tra i punti salienti vi sono:
- Cambiamenti nella leadership: Steve Gutterman nominato CEO, Jimmy Vaipoulos come Presidente e Sim Salzman continua come CFO
- Pipeline di energia di oltre 500 MW in fase di valutazione
- Hashrate medio mensile di 920 PH/s, un incremento del 4% rispetto ad agosto
- Produzione prevista di bitcoin di 19,31, valutata approssimativamente 1,16 milioni di dollari
- Uptime della flotta mineraria del 98,7%
- Energia idroelettrica a zero emissioni di carbonio al 100% per le operazioni Scope 1 e 2
L'azienda punta a concentrarsi sull'espansione organica dei ricavi, su fusioni e acquisizioni strategiche, sfruttando i vantaggi dei costi energetici, e attira capitali per sostenere la crescita. La produzione di bitcoin di settembre è diminuita del 2% mese su mese a causa dell'aumento dei livelli di difficoltà. Alla fine di settembre, Gryphon deteneva circa 9,6 bitcoin nel suo tesoro.
Gryphon Digital Mining (Nasdaq:GRYP) ha lanzado su actualización operativa no auditada para septiembre de 2024. Los puntos destacados incluyen:
- Cambios en el liderazgo: Steve Gutterman nombrado CEO, Jimmy Vaipoulos como Presidente, y Sim Salzman continua como CFO
- Pipeline de energía de más de 500 MW en evaluación
- Tasa de hash promedio mensual de 920 PH/s, un aumento del 4% en comparación con agosto
- Producción de bitcoin esperada de 19.31, valorada en aproximadamente $1.16 millones
- 98.7% de tiempo de actividad de la flota minera
- Poder hidroeléctrico 100% libre de emisiones de carbono para operaciones Scope 1 y 2
La empresa tiene como objetivo enfocarse en la expansión orgánica de ingresos, fusiones y adquisiciones estratégicas, aprovechando las ventajas de costos de energía, y atraer capital para apoyar el crecimiento. La producción de bitcoin de septiembre disminuyó un 2% mes a mes debido a los niveles crecientes de dificultad. Al final de septiembre, Gryphon tenía aproximadamente 9.6 bitcoins en su tesorería.
Gryphon Digital Mining (Nasdaq:GRYP)은 2024년 9월 비감사 운영 업데이트를 발표했습니다. 주요 사항은 다음과 같습니다:
- 리더십 변화: Steve Gutterman이 CEO로 임명되고, Jimmy Vaipoulos가 의장으로, Sim Salzman은 CFO로 계속 재직
- 500MW 이상의 전력 파이프라인 평가 중
- 월 평균 해시레이트 920 PH/s로 8월 대비 4% 증가
- 예상 비트코인 생산량 19.31로, 약 $1.16 백만의 가치
- 광산 함대 가동 시간 98.7%
- Scope 1 및 2 운영을 위한 100% 제로 탄소 배출 수력 에너지
회사는 유기적 수익 확장, 전략적 인수합병, 에너지 비용 이점 활용 및 성장을 지원하기 위한 자본 유치에 중점을 둘 계획입니다. 9월의 비트코인 생산량은 난이도 수준 증가로 인해 전월 대비 2% 감소했습니다. 9월 말 Gryphon은 약 9.6 비트코인을 재무제표에 보유하고 있었습니다.
Gryphon Digital Mining (Nasdaq:GRYP) a publié sa mise à jour opérationnelle non auditée pour septembre 2024. Les points saillants comprennent:
- Changements de direction : Steve Gutterman nommé PDG, Jimmy Vaipoulos comme Président, et Sim Salzman continue en tant que CFO
- Pipeline énergétique de plus de 500 MW en évaluation
- Taux de hachage moyen mensuel de 920 PH/s, soit une augmentation de 4 % par rapport à août
- Production prévue de bitcoin de 19,31, d'une valeur d'environ 1,16 million de dollars
- Temps de fonctionnement de la flotte minière de 98,7 %
- Énergie hydroélectrique à zéro émission de carbone à 100 % pour les opérations Scope 1 et 2
L'entreprise vise à se concentrer sur l'expansion organique des revenus, les fusions et acquisitions stratégiques, en tirant parti des avantages liés aux coûts énergétiques et en attirant des capitaux pour soutenir la croissance. La production de bitcoin en septembre a diminué de 2 % par rapport au mois précédent en raison de l'augmentation des niveaux de difficulté. À la fin de septembre, Gryphon détenait environ 9,6 bitcoins dans son trésor.
Gryphon Digital Mining (Nasdaq:GRYP) hat sein nicht geprüftes Betriebsupdate für September 2024 veröffentlicht. Wichtige Highlights sind:
- Führungswechsel: Steve Gutterman als CEO ernannt, Jimmy Vaipoulos als Vorsitzender und Sim Salzman weiterhin CFO
- Über 500 MW Energiepipeline in Prüfung
- Monatlicher Durchschnitts-Hashrate von 920 PH/s, ein Anstieg von 4 % im Vergleich zu August
- Erwartete Bitcoin-Produktion von 19,31, die auf etwa 1,16 Millionen USD geschätzt wird
- 98,7 % Betriebszeit der Mining-Flotte
- 100 % emissionsfreier Wasserkraftstrom für Scope 1 und 2 Operationen
Das Unternehmen zielt darauf ab, sich auf organisches Umsatzwachstum, strategische Fusionen und Übernahmen, Energiekosten-Vorteile zu nutzen und Kapital zur Unterstützung des Wachstums zu gewinnen. Septembers Bitcoin-Produktion sank im Vergleich zum Vormonat um 2 % aufgrund steigender Schwierigkeitslevels. Ende September hielt Gryphon etwa 9,6 Bitcoin in seiner Schatzkammer.
- Appointment of new CEO and Chairman to strengthen leadership
- 4% increase in monthly average hashrate to 920 PH/s
- High mining fleet uptime of 98.7%
- 100% zero-carbon emitting hydro power for operations
- Evaluation of +500 MW power pipeline for potential expansion
- 2% decrease in monthly bitcoin production compared to August
- Increased bitcoin mining difficulty affecting production
Defining Month Highlighted by Augmenting Leadership Depth: Steve Gutterman Named as Chief Executive Officer, Jimmy Vaipoulos as Chairman and Sim Salzman to Continue as Chief Financial Officer
LAS VEGAS, NV / ACCESSWIRE / October 14, 2024 / Gryphon Digital Mining, Inc. (Nasdaq:GRYP) ("Gryphon" or the "Company"), a bitcoin mining company that is focused on low-cost, efficient operations, has released its unaudited operational update for September 2024.
Key September 2024 highlights:
Steve Gutterman Named as Chief Executive Officer, Jimmy Vaipoulos as Chairman and Sim Salzman to continue as Chief Financial Officer
+500 MW power pipeline: Gryphon continues to evaluate a pipeline of similar low-cost opportunities for potentially +500 MW
Improved Hashrate: Monthly average hashrate of 920 PH/s, a
4% increase over August 2024Bitcoin Production: Expect to have produced approximately 19.31 bitcoin
Projected approximately
$1.16 million in value based on an average bitcoin price for the month of$60,286
High Uptime:
98.7% mining fleet average up time in September following97.3% in August due to maintenanceSustainable Operations: Scope 1 and Scope 21 operations at our Northeastern U.S. operations continue to be
100% electrified by zero-carbon emitting hydro power
1Scope 1 emissions are direct emissions from owned or controlled sources by the company, such as emissions from combustion in owned or controlled boilers, furnaces, vehicles, etc. Scope 2 emissions refer to indirect emissions from the generation of purchased electricity, steam, heating, and cooling consumed by the company. These categorizations help organizations to strategically manage and report their greenhouse gas emissions.
Management and Board Additions
"In September, we made a decisive move to strengthen our leadership team and board. I believe we have formed an exceptional group with a relentless drive to pinpoint and execute on opportunities that maximize shareholder value," said Steve Gutterman, CEO of Gryphon Digital Mining. "We are intently focused on several key areas: organic revenue expansion, strategic M&A, leveraging our competitive advantage in energy costs to enhance margins, attracting and allocating capital to support growth, and fostering a high-performance team to execute our vision. By concentrating our efforts and resources on initiatives that drive steady, meaningful progress, we aim to deliver robust shareholder returns within an accelerated timeframe."
September Mining Update
"We expect to have generated revenues of approximately
The Company held approximately 9.6 bitcoin in its treasury as of the end of September.
Conference Schedule:
LD Micro Main Event XVII in Los Angeles, CA on October 28th - 30th
About Gryphon Digital Mining
Gryphon Digital Mining, Inc. is an innovative venture in the bitcoin space dedicated to helping bring digital assets onto an environmentally responsible energy grid. With a talented leadership team coming from globally recognized brands, Gryphon is assembling thought leaders to improve digital asset network infrastructure. Its Bitcoin mining operation in the northeastern US was independently certified as
Cautionary Statements Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements are based on management's current expectations and assumptions about future events and financial results and are based on currently available information as to the outcome and timing of future events. The forward-looking statements speak only as of the date of this press release or as of the date they are made. Except as otherwise required by applicable law, Gryphon disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Gryphon cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Gryphon. In addition, Gryphon cautions you that the forward-looking statements contained in this press release are subject to the risks set forth in our filings with the Securities and Exchange Commission (the "SEC"), including the section titled "Risk Factors" in the Annual Report on Form 10-K filed with the SEC by Gryphon on April 1, 2024.
INVESTOR CONTACT:
Name: James Carbonara
Company: Hayden IR
Phone: (646)-755-7412
Email: james@haydenir.com
SOURCE: Gryphon Digital Mining, Inc.
View the original press release on accesswire.com
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