Gryphon Digital Mining, a mining company devoted to using renewable energy, has signed an agreement with Bitmain to purchase 7,200 Antminer S19j Pro mining devices for a total of $48 million.
Gryphon Mining, which recently announced that it has entered into a merger agreement with Sphere 3D (Nasdaq: $ANY ), announced it has entered into an agreement to purchase 7,200 Antminer S19J Pro mining machines from Bitmain. #Bitcoin
https://t.co/Z2zVnKt49R— Gryphon Digital Mining (@GryphonMining) July 8, 2021
The purchase agreement for S19J Pro miners represents a significant step forward in Gryphon Digital Mining’s strategic initiative to increase hashrate while maintaining a zero-carbon footprint, according to the press release.
Under the terms of the agreement, Bitmain plans to supply Gryphon with 600 miners per month. The first shipment is scheduled for August 2021.
Earlier Gryphon Digital Mining announced plans to go public through a reverse merger with data-management provider Sphere 3D.
to go public is rendered as the placeholder for the reverse merger announcement.
Recall that the U.S.-based company TeraWulf, which is more than 90% carbon-neutral, purchased from the Chinese manufacturer of 30,000 Antminer S19j Pro devices.
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