On January 10, 2025, Gryphon Digital Mining, Inc., an innovative venture in the bitcoin and AI space dedicated to helping bring digital assets to market, announced that it has entered into a definitive agreement to acquire an 850-acre industrial site in Southern Alberta from Captus Energy for total consideration of $27 million.
The acquisition will enable a substantial expansion by Gryphon into AI and high-performance computing data center infrastructure and has the potential to scale to 4 GW of reliable, sustainable power generation capacity through gas to power generation and carbon sequestration on site.
The transaction is expected to close in or before April 2025.
Cassels is acting for Gryphon.