Gryphon Digital Mining, a bitcoin mining firm publicly traded (“Gryphon”According to an audit by a third party, the company made public, ) currently mines bitcoin using 100% renewable energy.
Gryphon takes a big step forward #ESG Leading by Publication its #carbonemissions Data publicly. Here you can find out more about our 100% renewable status. https://t.co/1DV7bCYIp1 $GRYP #GryphonDigital pic.twitter.com/69jT2nCjWw
— Gryphon Digital Mining (@GryphonMining) March 26, 2024
Gryphon Digital Mining Uses CarbonChainA carbon footprint tracking organization is one that tracks corporate emissions. CarbonChain’s recent report Gryphon’s report shows that, according to the Scopes 1, 2 and 3 of the document, Gryphon has mined bitcoin using 100% renewable energy so far in the year 2024. In 2023 it used 98%.
“We’re 100% renewable, and we’re showing you exactly how it’s calculated,” Gryphon Digital Mining CEO Rob Chang told Bitcoin Magazine.
“And we’re not even the ones calculating it. It’s a respected third party doing it,” He added.
“There are various levels of transparency that the industry needs, but the fact that the reporting is not uniform can be fixed and should be fixed — and we’re happy to lead the way.”
Gryphon is currently conducting all its mining under a hosting agreement with Coinmint At a facility in Massena upstate New York, the operation is powered by 100% hydroelectric energy. Although bitcoin mining operations are still in their early stages, they have become more efficient. caused electricity prices to spike Gryphon’s operations is having the exact opposite impact in certain towns upstate New York.
“Our location is in an economic Opportunity Zone, so, if anything, there isn’t much demand [for power] competing against us,” Chang spoke to Bitcoin Magazine.
“In fact, the existence of bitcoin mining is providing economic power deployment for the region, because it is actually a stable consumer of power that allows the economic delivery of more power to the area,” He added.
Gryphon wants to expand into jurisdictions with favorable regulations for bitcoin mining, and which offer favorable economics as well as the use of renewable energy.
“If it’s economic and carbon neutral, we’re there,” Said Chang
Visit the Gryphon website for more information. website.
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Source: bitcoinmagazine.com
