Gryphon Digital Mining has partnered with Bitcoin (Bitcoin) Mining equipment manufacturer Bitmain purchased 7,200 Antminer S19J Pro mining equipment.
According to a freed According to a report released on Thursday, the total expenditure on mining inventories is approximately US$48 million. Starting in August 2021, as part of the transaction, Bitmain will deliver 600 mining machines to Gryphon every month.
Antminer S19J Pro is the latest version of Bitmain’s Bitcoin mining hardware and will be available this summer. According to the published news, each rig provides a hash rate capacity of 100 terahashes/s (TH/s) and an energy efficiency ratio of 29.5 joules/terahash (J/TH). With 7,200 such machines, theoretically Gryphon’s hashing power will increase by 720 petahash/s (PH/s)
According to the hash rate distribution, achieving a hash capacity of 720 PH/s or 0.72 EH/s will make Gryphon one of the top 15 Bitcoin miners data From BTC.com. For American Bitcoin miners, such a milestone may be an additional achievement as it embarks on a 100% renewable energy operation.
As early as June, Brittany Kaiser, the chairman of the company’s board of directors, told Cointelegraph that The company’s power supply is 100% renewableKaiser also revealed that Gryphon will receive an ESG rating after launching its mining hardware in August.
In recent months, the crypto mining industry has received increasing scrutiny due to energy consumption. In early July, the Bitcoin Mining Council estimated that the global Bitcoin mining industry is running 56% renewable energy supply.
As previously reported by Cointelegraph, data from the Cambridge Bitcoin Power Consumption Index shows that BTC’s electricity consumption has dropped by nearly 60% High point set in mid-May.
This decline is likely due to the total suppression by the Chinese authorities that caused Chinese miners to go offline. Some organizations are forced to relocate their hardware overseas.