Shares of Nasdaq-listed bitcoin miner Gryphon jumped 20 percent on Friday after it announced it was buying an 850-acre industrial site powered by natural gas from Canadian oil and gas company Captus Generation for $18.70 million.
Under the acquisition agreement, Gryphon will pay C $24 million (US $17 million) in cash to Captus parent company BTG Energy and issue C $3 million restricted stock to the new management team.
In addition, Gryphon recently acquired the insolvent assets of Erikson National Energy, a Canadian power utility, including natural gas and oil wells and facilities in northeast British Columbia, for CAD 2 million.
Bitcoin miner Gryphon spends $18.70 million to acquire Canada's natural gas industry
2025-01-14 04:03:52
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