Gryphon Digital Mining, also known for its recent merger agreement with a Nasdaq listed company Sphere 3D (ANY), today announces a mining machines investment for an aggregate price of $ 48 million.
Under this agreement, Bitmain will supply Gryphon Digital Mining with a total of up to 7,200 Antminer S19J Pro mining machines, which together have combined hashing power of 720 PH. As far as one miner is concerned, on average it has a maximum hash rate of 100 TH / s, with an energy efficiency ratio of 29.5 J / TH and an estimated lifespan of more than 5 years.
We are happy to provide Gryphon with Bitmain's latest next-gen miners, the Antminer S19j Pro. Gryphon's zero carbon footprint demonstrates their long-term initiative with being involved in the digital currency mining sector. We are confident that Gryphon will continue to expand their business and provide reliable and low-cost mining. We look forward to our continued cooperation with them in the future as they expand their operations, said Irene Gao, Antminer Sales Director of NCSA Region, Bitmain
Thanks to this agreement and the expansion of the mining machines arsenal, Gryphon Digital Mining is consolidating its position as a true leader in providing zero carbon emitting, reliable, low-cost mining.