Gryphon Digital Mining has signed a purchase agreement with Bitcoin (BTC) mining equipment maker Bitmain to purchase 7,200 Antminer S19J Pro mining rigs.

According to a release issued on Thursday, the unabridged outlay for the mining inventory amounts to almost $48 million. Starting in Baronial 2021, Bitmain will evangelize 600 mining rigs to Gryphon each month every bit part of the deal.

The Antminer S19J Pro is the latest iteration of Bitmain's Bitcoin mining hardware slated for release into the market this summer. According to the release, each rig offers 100 terahashes per second (TH/s) hash rate chapters with an free energy efficiency ratio of 29.five joules per terahash. With seven,200 of these machines in tow, Gryphon volition theoretically see its hashing power increase past a factor of 720 petahash per second (PH/s).

Achieving a hashing capacity of 720 PH/s — or 0.72 exahashes per 2d — volition put Gryphon in the pinnacle 15 Bitcoin miners by hash rate distribution according to data from BTC.com. Such a milestone could exist an added achievement for the American Bitcoin miner as it sets out to achieve 100% renewable energy-based operations.

Related: Bitcoin miners tin prove green potential by undergoing ESG ratings check

Dorsum in June, Brittany Kaiser, chair of the lath of directors at Gryphon, told Cointelegraph that the company's electricity source was 100% renewable. Kaiser also revealed that Gryphon will receive its ESG rating upon the launch of its mining hardware in Baronial.

Crypto mining has come up nether increased scrutiny in recent months over energy consumption. Before in July, the Bitcoin Mining Council estimated that the global Bitcoin mining manufacture was running on a 56% renewable free energy supply.

Every bit previously reported by Cointelegraph, data from the Cambridge Bitcoin Electricity Consumption Alphabetize has shown that BTC'southward electricity consumption is down almost 60% from the highs recorded in mid-May.

This pass up is most probable due to Chinese miners going offline following a sweeping crackdown from the authorities in the country. Several establishments have been forced to relocate their hardware overseas.