Bitcoin miner Gryphon harvests 71 bitcoin-equivalent coins ahead of its IPO

In December 2022, Gryphon, the crypto mining company, struck digital gold, harvesting 71 coins equivalent to one bitcoin. 

This news came hot on the heels of the miner’s announcement of its plans to go public, as stated in an operational update.

The mining yield had an average hashrate of 0.625 EH/s, a 13% dip from the previous month. This is because of the blustery winter storm that disrupted operations for seven days of either complete or partial shutdown.

“Despite this, Gryphon’s bitcoin efficiency for Dec 2022 increased by 7% from Nov and remained tied as the top performing operation for the month,” it said in a statement.

Furthermore, the firm boasts a 22.5% slice of the net operating profit pie, thanks to its third-party partnership that wields a reported hashing power of 0.37 EH/s, according to their statement.

Gryphon is set to soar to new heights with its plan to take flight on the public markets via a merger with Akerna Corp., a cannabis software company. Moreover, the deal, an all-stock transaction, will cement Gryphon’s place among the stars.