We believe that this acquisition of ultra low-cost power is our first step along an identified path of over 500 MW of similar low-cost power generation opportunities.
With the acquisition of this ~1 cent power asset and future power generation assets with similar costs, we believe Gryphon will enhance its position as a leading low-cost operator.
Gryphon not only powers its mining operations but also mitigates environmental impact by lowering the carbon emissions that would have been generated through flaring.
We are particularly excited about the opportunities ultra low-cost power can afford us... allowing for the possibility of greater margins using state of the art mining equipment.
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