Gryphon Digital Mining Acquires Low-Cost Bitcoin Mining Operations at $0.01/kWh

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Gryphon Digital Mining, Inc. (NASDAQ: GRYP) has taken a big step in lowering its power costs by acquiring Bitcoin mining operations in Louisiana that leverage ultra low-cost electricity at approximately $0.01 per kilowatt hour (kWh).

Gryphon Acquires Ultra Low-Cost Power Mining Operations at ~$0.01/kWh.Key highlights include: • Ultra-low cost of ~ 1 cent per kWh• Identified a pipeline of 500 MW of similar opportunities • Immediately accretive operating asset that is already generating cash flowRead… pic.twitter.com/DKNQnjzZJl

— Gryphon Digital Mining (@GryphonMining) August 20, 2024

This $1.5 million acquisition, which includes up to 2.9 megawatts (MW) of operational capacity…