Gryphon Digital Mining mines 17.26 bitcoin in November

November Mining Update: Mined BTC: 17.26439; Total Est. Revenues: $1,487,580 Avg. Price of Mined BTC: $86,165; Total Energy Costs: $1,160,935; Avg. Cost of Mined BTC: $67,244; Total Energy consumed:19,193,491 kWh; Cost per kWh to generate BTC: $0.0605; Margin: $326,647; Margin %: 21.96% Est. Cash on hand at 11/30/24: $545,000; Est. BTC on hand at 11/30/24: 18.367 BTC valued at $1.78M. Steve Gutterman, CEO of Gryphon Digital Mining (GRYP) commented, “We’re pleased to release November results and share that December has been a pivotal month for our energy strategy. We have executed what could be a transformative agreement to acquire natural gas assets in British Columbia that could produce low-cost power of 100 MW – 1 GW, and appointed Eric Gallie, a recognized energy industry leader, to coordinate our power initiatives. Eric brings 18 years of energy sector expertise, including managing $1.5 billion in upstream and integrated oil & gas portfolios. We anticipate that his appointment, coupled with our natural gas asset acquisition, positions us to reduce our power costs by more than 50% from current levels of $0.0605/kWh to well under $0.03/kWh. We believe that these strategic moves will fundamentally reshape our energy economics as we scale to meet the growing power demands of both digital mining and AI infrastructure.”