Publicly-traded bitcoin mining company Gryphon Digital Mining (\u201cGryphon\u201d) is currently mining bitcoin with 100% renewable energy, according to a third-party audit the company has made public.<\/p>\n
Gryphon is taking a bold step in #ESG<\/a> leadership by publishing its #carbonemissions<\/a> data publicly. Insight into our 100% renewable status is available here: https:\/\/t.co\/1DV7bCYIp1<\/a> $GRYP<\/a> #GryphonDigital<\/a> pic.twitter.com\/69jT2nCjWw<\/a><\/p>\n \u2014 Gryphon Digital Mining (@GryphonMining) March 26, 2024<\/a><\/p>\n Gryphon Digital Mining<\/a> uses CarbonChain<\/a>, an organization that monitors corporate carbon emissions, to track its carbon footprint. CarbonChain\u2019s recent report<\/a> on Gryphon shows that the company has used 100% renewable energy to mine bitcoin thus far in 2024 and 98% renewable energy in 2023, as per Scope 1 and 2 of the report.<\/p>\n \u201cWe\u2019re 100% renewable, and we\u2019re showing you exactly how it\u2019s calculated,\u201d Gryphon Digital Assets CEO Rob Chang told Bitcoin Magazine.<\/p>\n \u201cAnd we\u2019re not even the ones calculating it. It\u2019s a respected third party doing it,\u201d he added.<\/p>\n \u201cThere are various levels of transparency that the industry needs, but the fact that the reporting is not uniform can be fixed and should be fixed \u2014 and we\u2019re happy to lead the way.\u201d<\/p>\n Gryphon currently conducts all of its mining through a hosting contract with Coinmint<\/a> at a facility located in the upstate New York town of Massena, which harnesses 100% hydroelectric power for its operations. While bitcoin mining operations have caused electricity prices to spike<\/a> in some upstate New York towns, Gryphon\u2019s operation is having the opposite effect.<\/p>\n