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November 29, 2022
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Gryphon Digital Mining bought more than 7,000 Bitmain miners for $48 million

Gryphon Digital Mining announced on July 8 that it has purchased 7,200 Antminer S19J Pro mining machines manufactured by the world’s largest maker of bitcoin mining machines, Bitmain Technology, for $48 million.

The purchase of the Antminer S19J Pro mining machine is a strategic move to increase the company’s Bitcoin hashrate and maintain a zero carbon footprint. To achieve the goal as a market leader, cooperating with industry leaders, providing zero carbon emissions, reliable and cost-effective mining.

The S19J Pro Antminer mining machine is the latest product launched by Bitmain this summer. The maximum computing power combination of this mining machine can reach 100 TH / s. The energy efficiency index is 29.5 J / TH, an industry-leading energy efficiency index, and the life cycle is expected to exceed five years.

Gryphon Mining said Bitmain would plan to deliver 600 miners a month starting next month. In total, it will take 12 months.

Antminer NCSA Region Sales Director Bitmain Irene Gao said:

“We are delighted to provide Gryphon with Bitmain’s latest next generation miners, the Antminer S19j Pro. Gryphon’s zero carbon footprint demonstrates its long-term drive with involvement in the digital currency mining industry. We are confident that Gryphon will continue to expand its business and provide reliable, cost-effective mining. “

In addition to cooperating with Bitmain to improve the efficiency of cryptocurrency mining, Gryphon also collaborates with digital currency data centers to reduce energy consumption costs of up to $0.013 / kWh and uses liquid immersion technology to extend life Useful of mining machines and reduce the amount of consumption mining machine.

Many cryptocurrency mining companies started to develop more efficient mining.

In July, to increase the speed of computing power, Hive Blockchain Technologies Ltd, a Canadian-based cryptocurrency mining company based in Vancouver, announced on Thursday, July 1, that it had signed an acquisition agreement of a Graphics Processing Unit (GPU) worth $66 million with a high-end GPU inventor Nvidia.

Back in June of this year, the world’s largest manufacturer of bitcoin mining machines, Bitmain Technology Co., Ltd., announced that it would suspend the sale of mining machines worldwide in response to the Chinese government’s recent crackdown on targeted domestic mining for domestic miners.

Source: Blockchain

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