Gryphon Digital Mining secures key position in the infrastructure market

Gryphon Digital Mining is taking a significant step towards market leadership in the global computing infrastructure sector through the strategic acquisition of an 850-hectare industrial site in southern Alberta, Canada. This site from Captus Energy is set to serve as a base for high-performance data centers and AI data infrastructures. The area boasts extensive technical equipment, including dual natural gas supply, grid connectivity, non-potable water resources, and dual high-speed fiber optic connections. Furthermore, the project integrates advanced carbon capture and storage technologies, underscoring Gryphon’s commitment to sustainable energy. With an initial target capacity of approximately 130 megawatts (MW) by the end of 2026, the full potential could reach 4 gigawatts (GW). This acquisition also allows Gryphon to acquire an experienced technical team, including Harry Andersen, the former COO of Pembina Pipeline. Completion of the acquisition is expected in April 2025, which could propel Gryphon into the ranks of leading global infrastructure providers. This current expansion follows Gryphon’s acquisition of natural gas resources in British Columbia, which can scale up to 1 GW, further evidence of the company’s ambitious growth strategy. Steve Gutterman, CEO of Gryphon, emphasizes the transformative nature of the acquisition: “This acquisition is a pivotal moment for Gryphon. It enables us to meet the rising demand for AI computing power while achieving our sustainability goals.” Analysts estimate the potential revenues of the site at over 5 billion dollars annually at full capacity utilization, with returns of between 1.5 and 9.11 million dollars per MW. The total amount for the transaction is 27 million CAD, including 3 million CAD in restricted shares going to the Captus management team over four years. This news coincides with Gryphon’s enhanced consolidation of its balance sheet and team. Gutterman comments: “We are convinced that the acquisition of Captus, along with our recent actions, significantly alters Gryphon’s growth trajectory and scaling potential.”