Gryphon Digital Mining suspends mining operations with Blockfusion due to high hash rates and energy costs

American Bitcoin Corp.

Company and Blockfusion agreed to suspend mining operations and curtail service on April 15, 2025.
Suspension driven by high industry hash rates and high energy costs.
Parties reworking December 1, 2024 Co-Location Mining Services Agreement to enable profitable mining.
Company expects to issue further updates as appropriate.

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