A company that is changing the way the world mines bitcoin

crypto.news 2025-01-14 07:40:39

Gryphon Digital acquires $18.7m site in Canada, inks new Bitcoin mining deal

Gryphon Digital Mining received a 850-acre industrial site powered by natural gas in Southern Alberta, Canada from a signed agreement with Captus Energy for $18.7 million. According to Gryphon Digital’s press release , the Bitcoin ( BTC ) mining firm plans to use the recently acquired asset to further expand on its AI and high-performance computing data center infrastructure. Gryphon’s deal with Captus is expected to close before or some time in April 2025. Based on the agreement, Gryphon Digital will pay Captus $27 million CAD or equal to $18.7 million, which already includes $3 million CAD ($2 million) worth of four-year-long restricted shares given to the incoming Captus management team. If the deal does not close, then the Captus team will have to return the restricted shares. The 850 acre industrial site has the potential to scale up to 4 gigawatts in capacity and grants Gryphon access to dual natural gas supply, grid connection, water resources, as well as rapid fiber connection providers. Analysts conclude Gryphon could stand to gain $1.5 million in annual revenue per megawatt, though VanEck’s research believes Bitcoin mining revenue related to AI and HPC could reach up to $9.11 million per MW. At full capacity, the asset has the potential to generate over $5 billion of annual revenue for Gryphon. You might also like: Bitcoin miners tap billions in funding to counter energy challenges Chief Executive Officer of Gryphon Digital, Steve Gutterman, stated that the acquisition of Captus Energy’s asset marks a transformative moment for Gryphon as it hopes to expand its reach into the AI and HPC infrastructure market. “The combination of dual natural gas supply, on-site carbon sequestration and abundant water access makes it one of the few locations in North America with all the critical elements needed for large-scale AI computing,” said Gutterman. He added part of the Captus Energy team, led by Chief Executive Officer of Captus Generation Harry Andersen, will be joining the Gryphon under the signed agreement. “We believe that the Captus acquisition, when combined with our recent British Columbia acquisition and the additions to our team, fundamentally transform Gryphon’s trajectory and potential scale,” he said. In December, Gryphon also acquired a natural gas site in British Columbia with an initial 100 MW generation capacity and scalability of up to 1 GW. The projected power cost related to the site could sit below $0.03 per kWh. You might also like: Gryphon Digital wants Sphere 3D’s lawsuit dismissed

Наиболее читаемые новости

Impeached South Korean president Yoon arreste...
2025-01-15
Rep. Tom Emmer appointed as vice chair of Hou...
2025-01-15
Crypto Ball Set to Highlight Industry Support...
2025-01-15
Trump’s Crypto Law (TRUMPLAW) to Rally 16,000...
2025-01-15
Kava Chain Unveils M-BTC: A New Wrapped Asset...
2025-01-15
Solana Reclaims Key Levels Amid Market Volati...
2025-01-15
Bitcoin and SAB 121 – Will Trump’s first day...
2025-01-15
Ethereum Price Bulls are Back: This Under $1...
2025-01-15

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения