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Despite the modest fall Gryphon mining experienced, the number of coins mined in January reached 58 Bitcoin-equivalent coins, down 14% compared to December’s production results. Nevertheless, it had extra high mining power without its average self-mining power of 826- 802 PH/s which is 2% since the last month It was majorly driven by purchase of new S19 k Pro machines that cancel mining which are not carbon neutral.
Proficiency of BTC dropped to 68 BTC/EH last month, compared with 81 BTC/EH in December. These metrics suggest that, although Gryphon is one of the most efficient mining companies, it is not always the first or tied for first having ranked first or tied for first 18 months out of 27 months since operations began.
The gryphon is hoping to take advantage of their Nasdaq listing opportunity by spending on machines as well as mergers and acquisition activities. In anticipation of the upcoming Bitcoin halving in April, the company will keep its expenses low and maintain its excellent operational efficiency with the capital they possess.
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