Gryphon Digital Mining, Inc. announced on December 10, 2024, that it has entered into a definitive agreement with Erikson National Energy Inc. to acquire natural gas assets. These assets are located in Northeast British Columbia, Canada, and are currently in insolvency.
The acquisition is expected to provide Gryphon with access to over 5 Tcf of contingent natural gas resource. This strategic move is a crucial first step in securing long-term competitive advantages for both Bitcoin mining and future AI operations.
The agreement is anticipated to deliver Phase 1 power generation of 100 MW, with expansion potential up to 1 GW. Furthermore, the company expects all-in energy costs of less than $0.03 per KWH, which is a significant factor for power-intensive computing operations.
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