Gryphon Digital Mining, Inc. (NASDAQ:GRYP) ("Gryphon" or the "Company"), a bitcoin mining company that is focused on low-cost, efficient operations, has released its unaudited operational update for September 2024.

Key September 2024 highlights:

Steve Gutterman Named as Chief Executive Officer, Jimmy Vaipoulos as Chairman and Sim Salzman to continue as Chief Financial Officer

+500 MW power pipeline: Gryphon continues to evaluate a pipeline of similar low-cost opportunities for potentially +500 MW

Improved Hashrate: Monthly average hashrate of 920 PH/s, a 4% increase over August 2024

Bitcoin Production: Expect to have produced approximately 19.31 bitcoin

Projected approximately $1.16 million in value based on an average bitcoin price for the month of $60,286

High Uptime: 98.7% mining fleet average up time in September following 97.3% in August due to maintenance

Sustainable Operations: Scope 1 and Scope 21 operations at our Northeastern U.S. operations continue to be 100% electrified by zero-carbon emitting hydro power