Gryphon Digital Mining, Inc. announced on October 14, 2024, significant leadership changes, naming Steve Gutterman as Chief Executive Officer and Jimmy Vaipoulos as Chairman. Sim Salzman will continue in his role as Chief Financial Officer, augmenting the company's leadership depth.
The company also released its unaudited operational update for September 2024, reporting a monthly average hashrate of 920 PH/s, which represents a 4% increase over August 2024. Gryphon expects to have produced approximately 19.31 Bitcoin during the month.
These operational results project approximately $1.16 million in value based on an average Bitcoin price of $60,286 for September. The mining fleet achieved a high uptime of 98.7% in September, following 97.3% in August, and its Northeastern U.S. operations maintained 100% zero-carbon emitting hydro power for Scope 1 and Scope 2 emissions.
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