Tag: operations

Gryphon Digital Mining Acquires Low-Cost Bitcoin Mining Operations at $0.01/kWh

coiner

Gryphon Digital Mining, Inc. (NASDAQ: GRYP) has taken a big step in lowering its power costs by acquiring Bitcoin mining operations in Louisiana that leverage ultra low-cost electricity at approximately $0.01 per kilowatt hour (kWh).  Gryphon Acquires Ultra Low-Cost Power Mining Operations at ~$0.01/kWh. Key highlights include: • Ultra-low cost of ~ 1 cent per kWh• Identified a pipeline of 500 MW of similar opportunities • Immediately accretive operating asset that is already generating cash flow Read… pic.twitter.com/DKNQnjzZJl — Gryphon Digital Mining (@GryphonMining) August 20, 2024 This $1.5 million acquisition,…

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Hotbit exchange halts operations, urges users to withdraw funds

coiner

Crypto exchange Hotbit announced that it would be halting operations as of May 22. The exchange asked its users to withdraw funds before June 21, at 4:00 am UTC. In an announcement, the exchange said that its operating conditions have deteriorated since a former member of its team was subjected to an investigation in August 2022. According to the exchange, the probe forced it to stop its business for weeks. In addition, Hotbit also cited various incidents within the crypto space as contributors to its decline. The exchange cited the FTX…

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