Benzinga | Sep 15, 2021 11:59AM EDT

Sphere 3D Merger Partner, Gryphon Digital Mining Highlights Launch Of First Batch Of Its 7,200 S19j Pro Antiminers

Gryphon Digital Mining ("Gryphon", "Gryphon Mining", or the "Company"), announced today that the first batch of its 7,200 S19J Pro Antminers have been installed and are now mining bitcoin. This is transformational for the company as it transitions from an aspirational bitcoin miner to a producer and is yet another milestone in the company's goal to be the industry-leading bitcoin miner with a zero carbon footprint.

The company will continue to receive batches of 600 machines on a monthly basis, until the total purchase of 7,200 machines are up and running. The order is expected to provide Gryphon with approximately 720 PH/s of hashing power, which places it among the top 15 global miners according to Cointelegraph1. This fleet of high-efficiency miners will be part of one of the only cryptocurrency mining operations with a 100% renewable energy supply.

The purchase of the S19j Pro miners represents an exciting and significant step forward in Gryphon Digital Mining's strategic initiative to increase its bitcoin hash rate, while simultaneously maintaining a negative carbon footprint. The S19j Pro is the latest model from Bitmain that was released this summer. The new miner boasts a hash rate of 100 TH/s combined with an industry-leading energy efficiency ratio of 29.5 J/TH and an expected life cycle of over five years.

"The deployment of these state-of-the-art machines marks a transformational event for Gryphon as we join the ranks of global active bitcoin miners.. Seeing the machines at work, plugged into an 100% renewable energy supply, is the first of many demonstrations which prove our long-term commitment to the digital asset mining sector in a responsible manner," said Rob Chang, CEO of Gryphon Digital Mining.