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Gryphon Digital Mining, a company specializing in Bitcoin mining and artificial intelligence (AI) data center development, is developing a natural gas-powered facility in Canada. The company acquired an 850-acre industrial site in Southern Alberta from Captus Energy, which provides access to a natural gas supply.

Gryphon intends to build an on-site AI and high-performance computing data center that will be directly powered by natural gas, with the first phase of the project slated for completion by the end of 2026. The acquisition was valued at approximately CAD$27 million ($18.7 million), including CAD$3 million ($2 million) in restricted shares allocated to the incoming Captus management team.