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Gryphon Digital Mining Expands Bitcoin Mining Fleet by 22% and Evaluates Creation of a Bitcoin Strategic Reserve Designed to Strengthen Balance Sheet

1. Gryphon acquires 1,900 S19JPro machines, boosting fleet by 22%. 2. The purchase enhances Gryphon's position in the bitcoin mining market.

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FAQ

Why Bullish?

The fleet expansion may improve operational efficiency, similar to past acquisitions boosting market confidence.

How important is it?

The acquisition directly impacts Gryphon's bitcoin mining capabilities, thus affecting investor sentiment and stock performance.

Why Short Term?

Immediate impacts from increased mining capacity will likely be seen in upcoming quarters.

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BITOHUTRIOT
LAS VEGAS, NV / ACCESS Newswire / January 27, 2025 / Gryphon Digital Mining, Inc. (Nasdaq:GRYP) ("Gryphon" or the "Company"), an innovative venture in the bitcoin and AI space dedicated to helping bring digital assets to the market, today announced the acquisition of 1,900 S19JPro series machines with an extended warranty from RepairBit LLC ("RepairBit") at a 20% discount to market rates provided by Hashrate Index. This purchase will increase Gryphon's mining fleet by approximately 22%, from 8,500 to 10,400 machines, strengthening the company's position in the bitcoin mining sector.

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