Gryphon Digital Mining Debuts on Nasdaq
February 09 2024 - 9:28AM
Gryphon Digital Mining, Inc. (“Gryphon” or the
“Company”), is proud to announce its Nasdaq debut under the ticker
symbol “GRYP” following its merger with Akerna Corp. Gryphon’s
mission is to create a leading carbon-negative bitcoin miner and
build upon its industry leading operational performance and
pedigreed management team.
Gryphon joins Nasdaq with a total attributable
hashrate of up to 1.3 exahash per second (“EH/s”) following the
purchase of newer generation S19K Pro machines. In 2023, Gryphon
produced 788 bitcoin-equivalent coins. The Company is also an
established leader in bitcoin efficiency, consistently ranking
among the top three in bitcoin efficiency rankings relative to
publicly disclosing peers and placing at or tied for first in nine
of the 12 months of 2023.
In 2024, Gryphon expects to conduct its bitcoin
mining operations using 100% hydro power as verified by Energy Web,
an independent, third-party auditor of carbon emissions. Gryphon
was one of the original recipients of the “Green Proofs for
Bitcoin” certification, which helps Bitcoin miners measure and
manage their energy footprint to help accelerate decarbonization.
Moreover, Gryphon seeks to lead the way through a carbon negative
strategy as the Company owns carbon offset credits that may be used
against its non-core Scope 3 emissions.
“We are thrilled to begin trading on the Nasdaq
and to bring our history of operational performance to the market,”
noted Rob Chang, CEO, President, and Director of Gryphon. “Combined
with our carbon negative strategy, we believe we are bringing a
bitcoin miner to the market that has blue chip execution with an
ESG focus. Now that Gryphon is listed on the Nasdaq, we look
forward to the opportunity to aggressively expand the company
organically through machine purchases and through M&A
opportunities while maintaining our tradition of capital efficient
decision making.”
About Gryphon Digital Mining
Gryphon Digital Mining, Inc. is an innovative venture in the
bitcoin space dedicated to helping bring digital assets onto the
clean 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 has a net carbon-negative strategy. More information is
available on https://gryphondigitalmining.com/.
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 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 Registration Statement on Form S-4 filed with the SEC by
Gryphon on January 8, 2024.
INVESTOR CONTACT: Name: Rob
Chang Company: Gryphon Digital Mining,
Inc. Phone Number: (877) MINE-ESG (877)
646-3374 Email:
invest@gryphonmining.com
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