Bitcoin miner Gryphon releases operational update ahead of going public

Mining

Bitcoin miner Gryphon mined 71 bitcoin-equivalent cash in December, it stated in an operational replace after asserting plans to go public final week.

The miner had a mean hashrate of 0.625 EH/s, a 13% month-over-month lower, partially because of the winter storm that led to seven days of full or partial curtailment.

“Regardless of this, Gryphon’s bitcoin effectivity for December elevated by 7% from November and remained tied as the highest performing operation for the month,” it stated in an announcement.

The corporate has a 22.5% web working revenue curiosity royalty with a 3rd celebration, whose reported hashing energy is round 0.37 EH/s, it stated.

Gryphon will go public by way of a deal to purchase Akerna Corp. in an all-stock transaction.