**Bitcoin Mining Company Gryphon Digital** Shares Plans to Reach 10 Exahash, Transitioning to Industry Leader

Nevada, USA – Gryphon Digital Mining, Inc. recently held its Q4 2023 Earnings Conference Call, providing insights into its financial year performance and future plans to expand its presence in the bitcoin mining industry. During the call, CEO Rob Chang and CFO Sim Salzman discussed the company’s operational efficiency and financial results, shedding light on their vision to become a leader in the industry by reaching a significant hash rate of 10 exahash.

Chang highlighted Gryphon’s commitment to corporate responsibility, emphasizing their focus on financial agility, profitability, and environmental sustainability. The company’s goal is to establish a strong presence in the market while prioritizing operational efficiency and sustainability practices. With a self-mining hash rate of 0.9 exahash, Gryphon aims to expand its operations and solidify its position as a key player in the industry.

The company’s financial performance in 2023 showcased positive net cash flow and a breakeven cost per bitcoin of approximately $18,200. Gryphon’s focus on operational execution and strategic management led to consistent positive results, even during challenging market conditions. By prioritizing bitcoin efficiency and sustainability, the company has positioned itself as a leader in the industry, setting new standards for responsible mining practices.

In addition to their operational achievements, Gryphon has made significant strides in promoting environmental sustainability. The company’s commitment to using renewable energy sources and reducing its carbon footprint has earned recognition from Energy Web, resulting in a sustainable bitcoin certification. This certification underscores Gryphon’s dedication to environmental stewardship and sets a precedent for industry-wide adoption of renewable energy practices.

Looking ahead to 2024, Gryphon plans to continue expanding its operations through strategic acquisitions and organic growth initiatives. The company aims to increase its hash rate capacity to 10 exahash, transitioning from a smaller player to a prominent industry contender. By exploring opportunities for growth and adopting a flexible approach to asset management, Gryphon is poised for further success in the dynamic bitcoin mining landscape.

As Gryphon Digital Mining navigates the challenges and opportunities in the bitcoin mining industry, the company remains committed to transparency and accountability. By sharing their financial results and operational strategies, Gryphon aims to engage with investors and stakeholders, fostering trust and collaboration in their journey towards sustainable growth and leadership in the market.