Gryphon Mining Buys 7,200 Bitcoin Mining Rigs For $48 Million
Bitcoin mining company in the making Gryphon has announced an agreement to purchase 7,200 Antminer S19J Pro for $48 million from Bitmain.Bitcoin mining company in the making Gryphon Digital Mining has announced it has agreed to purchase 7,200 Antminer S19J Pro bitcoin mining rigs from Bitmain Technologies for an aggregate price of $48 million."We are happy to provide Gryphon with Bitmain's latest next-gen miners, the Antminer S19J Pro," said Irene Gao, Antminer sales director of North, Central and South American regions at Bitmain. "We are confident that Gryphon will continue to expand....
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Gryphon has doled out $48 million to buy Bitmain’s latest Bitcoin mining hardware set for release in the summer. Gryphon Digital Mining has signed a purchase agreement with Bitcoin (BTC) mining equipment maker Bitmain to purchase 7,200 Antminer S19J Pro mining rigs.According to a release issued on Thursday, the entire outlay for the mining inventory amounts to about $48 million. Starting in August 2021, Bitmain will deliver 600 mining rigs to Gryphon each month as part of the deal. The Antminer S19J Pro is the latest iteration of Bitmain’s Bitcoin mining hardware slated for release into....
The planned merger has been canceled but the two companies still have a good working relationship, aiming for carbon-neutrality in their mining operations. Despite the canceled merger between Gryphon Digital Mining and Sphere 3D, the two firms still intend on building out carbon-neutral Bitcoin mining operations.An April 4 joint statement from the two crypto mining companies revealed that scrapping the merger was a mutual decision “due to changing market conditions, the passage of time, and the relative financial positions of the companies.” The cancellation will apparently not stop either....
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