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Gryphon Digital Mining (GRYP) Company Overview

Profile

Full Name:

Gryphon Digital Mining, Inc.

Country:

United States

IPO:

February 9, 2024

Indexes:

Not included

Description:

Gryphon Digital Mining (GRYP) focuses on sustainable cryptocurrency mining. The company uses renewable energy sources to power its operations, aiming to reduce environmental impact. GRYP combines advanced technology with eco-friendly practices to efficiently mine cryptocurrencies while promoting a greener future in the digital economy.

Events Calendar

Earnings

Next earnings date:

Feb 28, 2025

Recent quarterly earnings:

Aug 15, 2024

Recent annual earnings:

N/A
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

N/A
Splits

Next split:

N/A

Recent split:

Feb 9, 2024

Analyst ratings

Recent major analysts updates

Sep 20, 24 HC Wainwright & Co.
Neutral
Aug 23, 24 HC Wainwright & Co.
Neutral
Aug 16, 24 HC Wainwright & Co.
Neutral
Jul 30, 24 HC Wainwright & Co.
Neutral

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Gryphon Digital Mining Announces Strategic Bitcoin Reserve Initiative
Gryphon Digital Mining Announces Strategic Bitcoin Reserve Initiative
Gryphon Digital Mining Announces Strategic Bitcoin Reserve Initiative
GRYP
accessnewswire.comJanuary 31, 2025

LAS VEGAS, NEVADA / ACCESS Newswire / January 31, 2025 / Gryphon Digital Mining, Inc. (Nasdaq:GRYP) ("Gryphon" or the "Company"), an innovative venture in the bitcoin and AI space dedicated to helping bring digital assets to the market, today announced that the Company has authorized the establishment of a strategic Bitcoin reserve program as part of its comprehensive capital strategy. The initiative follows Gryphon's recent transformative definitive agreements to strengthen the balance sheet and acquire major assets, including: Restructured $18.0 million Bitcoin debt by converting $13.0 million to equity at $1.10/share, reducing debt to $5.0 million with Anchorage Digital becoming largest shareholder and board member.

Gryphon Digital Mining Expands Bitcoin Mining Fleet by 22% and Evaluates Creation of a Bitcoin Strategic Reserve Designed to Strengthen Balance Sheet
Gryphon Digital Mining Expands Bitcoin Mining Fleet by 22% and Evaluates Creation of a Bitcoin Strategic Reserve Designed to Strengthen Balance Sheet
Gryphon Digital Mining Expands Bitcoin Mining Fleet by 22% and Evaluates Creation of a Bitcoin Strategic Reserve Designed to Strengthen Balance Sheet
GRYP
accessnewswire.comJanuary 27, 2025

LAS VEGAS, NV / ACCESS Newswire / January 27, 2025 / Gryphon Digital Mining, Inc. (Nasdaq:GRYP) ("Gryphon" or the "Company"), an innovative venture in the bitcoin and AI space dedicated to helping bring digital assets to the market, today announced the acquisition of 1,900 S19JPro series machines with an extended warranty from RepairBit LLC ("RepairBit") at a 20% discount to market rates provided by Hashrate Index. This purchase will increase Gryphon's mining fleet by approximately 22%, from 8,500 to 10,400 machines, strengthening the company's position in the bitcoin mining sector.

Gryphon Digital Mining Announces Non-Brokered $2.85 Million Offering With 100% Management and Majority Board Participation
Gryphon Digital Mining Announces Non-Brokered $2.85 Million Offering With 100% Management and Majority Board Participation
Gryphon Digital Mining Announces Non-Brokered $2.85 Million Offering With 100% Management and Majority Board Participation
GRYP
accesswire.comJanuary 14, 2025

LAS VEGAS, NV / ACCESSWIRE / January 14, 2025 / Gryphon Digital Mining, Inc. (Nasdaq:GRYP) ("Gryphon" or the "Company"), an innovative venture in the bitcoin and AI space dedicated to helping bring digital assets to the market, today announced that it has signed a non-brokered offering of its common stock for total gross proceeds of approximately $2.85 million on January 13, 2025. The offering saw 100% participation from the management team and a majority of the board members, demonstrating strong internal confidence in the Company's strategic direction.

Gryphon Digital Mining Signs Definitive Agreement for HPC/AI Asset Scalable to 4GW of Green Energy Through Natural Gas and Carbon Sequestration
Gryphon Digital Mining Signs Definitive Agreement for HPC/AI Asset Scalable to 4GW of Green Energy Through Natural Gas and Carbon Sequestration
Gryphon Digital Mining Signs Definitive Agreement for HPC/AI Asset Scalable to 4GW of Green Energy Through Natural Gas and Carbon Sequestration
GRYP
accesswire.comJanuary 10, 2025

Groundbreaking acquisition of major energy site in Southern Alberta expected to catapult Gryphon into elite tier of global computing infrastructure providers Acquisition Highlights Include: Massive 850 industrial zoned acreage with access to dual natural gas supply, grid connection, non-potable water resources, and dual high-speed fiber connection providers World class carbon capture and sequestration capabilities on-site can make this a truly green source of energy combined with redundant sources of power Expansive footprint expected to allow up to 4GW of total capacity; up to ~130MW anticipated by the end of 2026 Experienced technical team comes with the asset and has over 100 years of combined industry expertise, led by Harry Andersen (former COO of Pembina Pipeline) LAS VEGAS, NV / ACCESSWIRE / January 10, 2025 / Gryphon Digital Mining, Inc. (Nasdaq:GRYP) ("Gryphon" or the "Company"), an innovative venture in the bitcoin and AI space dedicated to helping bring digital assets to the market, has signed a definitive agreement to acquire Captus Energy's 850-acre industrial site in Southern Alberta, Canada, which the Company believes will enable a substantial expansion into AI and high-performance computing (HPC) data center infrastructure. The acquired asset has the potential to scale to 4 gigawatts (GW) of reliable, sustainable power generation capacity through gas to power generation and carbon sequestration on site.

Gryphon Digital Mining Highlights Energy Strategy Success With November Operational Results
Gryphon Digital Mining Highlights Energy Strategy Success With November Operational Results
Gryphon Digital Mining Highlights Energy Strategy Success With November Operational Results
GRYP
accesswire.comDecember 13, 2024

Signed definitive agreement for natural gas assets, securing low-cost power of 100 MW, expandable and scalable to 1 GW Appointed energy industry veteran Eric Gallie as SVP of Energy Strategy LAS VEGAS, NV / ACCESSWIRE / December 13, 2024 / Gryphon Digital Mining, Inc. (NASDAQ:GRYP) ("Gryphon" or the "Company"), an innovative venture in the bitcoin and AI space dedicated to helping bring digital assets to the market, has released its unaudited operational update for November 2024. Steve Gutterman, CEO of Gryphon Digital Mining commented, "We're pleased to release November results and share that December has been a pivotal month for our energy strategy.

Gryphon Digital Mining Appoints Energy Industry Veteran Eric Gallie as Senior Vice President of Energy Strategy
Gryphon Digital Mining Appoints Energy Industry Veteran Eric Gallie as Senior Vice President of Energy Strategy
Gryphon Digital Mining Appoints Energy Industry Veteran Eric Gallie as Senior Vice President of Energy Strategy
GRYP
accesswire.comDecember 12, 2024

LAS VEGAS, NEVADA / ACCESSWIRE / December 12, 2024 / Gryphon Digital Mining, Inc. (Nasdaq:GRYP) ("Gryphon" or the "Company"), an innovative venture in the bitcoin and AI space dedicated to helping bring digital assets to the market, today announced Eric Gallie's appointment as Senior Vice President of Energy Strategy, effective immediately. In his new role, Mr.

Gryphon Digital Mining Signs Definitive Agreement for Natural Gas Assets, Securing Low-Cost Power of 100 MW, Expandable and Scalable to 1 GW
Gryphon Digital Mining Signs Definitive Agreement for Natural Gas Assets, Securing Low-Cost Power of 100 MW, Expandable and Scalable to 1 GW
Gryphon Digital Mining Signs Definitive Agreement for Natural Gas Assets, Securing Low-Cost Power of 100 MW, Expandable and Scalable to 1 GW
GRYP
accesswire.comDecember 10, 2024

Pending acquisition is expected to deliver: Natural gas asset in Canada with 5+ Tcf of contingent resource Phase 1 power generation of 100 MW with expansion potential up to 1 GW All in energy costs of less than $0.03/KWH LAS VEGAS, NV / ACCESSWIRE / December 10, 2024 / Gryphon Digital Mining, Inc. (Nasdaq:GRYP) ("Gryphon" or the "Company"), an innovative venture in the bitcoin and AI space dedicated to helping bring digital assets to the market, announced today that it has entered into a definitive agreement with Erikson National Energy Inc. to acquire natural gas assets currently in insolvency located in Northeast British Columbia, Canada. The signing represents a crucial and first step for the Company in securing long-term competitive advantages in bitcoin mining and AI operations by acquiring significant power-generating assets.

Gryphon Digital Mining to Host Third Quarter 2024 Earnings Conference Call
Gryphon Digital Mining to Host Third Quarter 2024 Earnings Conference Call
Gryphon Digital Mining to Host Third Quarter 2024 Earnings Conference Call
GRYP
accesswire.comNovember 7, 2024

LAS VEGAS, NV / ACCESSWIRE / November 7, 2024 / Gryphon Digital Mining, Inc. (NASDAQ:GRYP) ("Gryphon" or the "Company"), an innovative venture in the bitcoin and AI space dedicated to helping bring digital assets to the market, announced today that management will host a conference call on November 13, 2024 at 4:30 PM Eastern Time to discuss results for its third quarter ended September 30, 2024. Conference Call Information Date: November 13, 2024Time: 4:30 PM Eastern TimeToll Free: 877-545-0320International: 973-528-0002Participant Access Code: 821126Webcast Link: https://www.webcaster4.com/Webcast/Page/3030/51612 Conference Call Replay Information Toll Free: 877-481-4010International: 919-882-2331Replay Passcode: 51612Webcast Replay: https://www.webcaster4.com/Webcast/Page/3030/51612 About Gryphon Digital Mining Gryphon Digital Mining, Inc. is an innovative venture in the bitcoin and AI space dedicated to helping bring digital assets to the market.

Gryphon Digital Mining Converts Debt to Equity to Strengthen Balance Sheet and Increase Shareholder Equity
Gryphon Digital Mining Converts Debt to Equity to Strengthen Balance Sheet and Increase Shareholder Equity
Gryphon Digital Mining Converts Debt to Equity to Strengthen Balance Sheet and Increase Shareholder Equity
GRYP
accesswire.comOctober 28, 2024

Anchorage Digital to become largest shareholder and join Gryphon Digital Mining Board Gryphon restructures Anchorage Digital debt of 304 BTC (approximately $18 million1) to increase shareholder equity and reduce outstanding debt by over 70%, by: converting approximately $13M of debt into equity and pre-funded warrants at $1.10/share, a significant premium to current market price; restructuring the remaining $5 million debt as follows: three year term; 4.25% interest rate; interest only payments during the term; conversion features as described below; and payable in USD over 3 years;. granting Anchorage Digital additional warrants to purchase 2 million shares at $1.50/share; and Anchorage Digital will become a key advisor to the Company and will be granted a seat on Gryphon's Board of Directors LAS VEGAS, NV / ACCESSWIRE / October 28, 2024 / Gryphon Digital Mining , Inc. (NASDAQ:GRYP) ("Gryphon" or the "Company") a bitcoin mining company that is focused on becoming the leader in low-cost, efficient operations, today announced it has entered into an agreement with Anchorage Lending CA, LLC , a subsidiary of Anchor Labs, Inc. d/b/a Anchorage Digital ("Anchorage Digital"), to substantially restructure the Company's outstanding debt.

Gryphon Digital Mining Announces September Operational Update
Gryphon Digital Mining Announces September Operational Update
Gryphon Digital Mining Announces September Operational Update
GRYP
https://www.accesswire.com/viewarticle.aspx?id=931185&lang=enOctober 14, 2024

Defining Month Highlighted by Augmenting Leadership Depth: Steve Gutterman Named as Chief Executive Officer, Jimmy Vaipoulos as Chairman and Sim Salzman to Continue as Chief Financial Officer LAS VEGAS, NV / ACCESSWIRE / October 14, 2024 / Gryphon Digital Mining, Inc. (Nasdaq:GRYP) ("Gryphon" or the "Company"), a bitcoin mining company that is focused on low-cost, efficient operations, has released its unaudited operational update for September 2024. Key September 2024 highlights: Steve Gutterman Named as Chief Executive Officer, Jimmy Vaipoulos as Chairman and Sim Salzman to continue as Chief Financial Officer +500 MW power pipeline: Gryphon continues to evaluate a pipeline of similar low-cost opportunities for potentially +500 MW Improved Hashrate: Monthly average hashrate of 920 PH/s, a 4% increase over August 2024 Bitcoin Production: Expect to have produced approximately 19.31 bitcoin Projected approximately $1.16 million in value based on an average bitcoin price for the month of $60,286 High Uptime: 98.7% mining fleet average up time in September following 97.3% in August due to maintenance Sustainable Operations: Scope 1 and Scope 21 operations at our Northeastern U.S. operations continue to be 100% electrified by zero-carbon emitting hydro power 1Scope 1 emissions are direct emissions from owned or controlled sources by the company, such as emissions from combustion in owned or controlled boilers, furnaces, vehicles, etc.

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FAQ

  • What is the ticker symbol for Gryphon Digital Mining?
  • Does Gryphon Digital Mining pay dividends?
  • What sector is Gryphon Digital Mining in?
  • What industry is Gryphon Digital Mining in?
  • What country is Gryphon Digital Mining based in?
  • When did Gryphon Digital Mining go public?
  • Is Gryphon Digital Mining in the S&P 500?
  • Is Gryphon Digital Mining in the NASDAQ 100?
  • Is Gryphon Digital Mining in the Dow Jones?
  • When was Gryphon Digital Mining's last earnings report?
  • When does Gryphon Digital Mining report earnings?
  • Should I buy Gryphon Digital Mining stock now?

What is the ticker symbol for Gryphon Digital Mining?

The ticker symbol for Gryphon Digital Mining is NASDAQ:GRYP

Does Gryphon Digital Mining pay dividends?

No, Gryphon Digital Mining does not pay dividends

What sector is Gryphon Digital Mining in?

Gryphon Digital Mining is in the Financial Services sector

What industry is Gryphon Digital Mining in?

Gryphon Digital Mining is in the Capital Markets industry

What country is Gryphon Digital Mining based in?

Gryphon Digital Mining is headquartered in United States

When did Gryphon Digital Mining go public?

Gryphon Digital Mining's initial public offering (IPO) was on February 9, 2024

Is Gryphon Digital Mining in the S&P 500?

No, Gryphon Digital Mining is not included in the S&P 500 index

Is Gryphon Digital Mining in the NASDAQ 100?

No, Gryphon Digital Mining is not included in the NASDAQ 100 index

Is Gryphon Digital Mining in the Dow Jones?

No, Gryphon Digital Mining is not included in the Dow Jones index

When was Gryphon Digital Mining's last earnings report?

Gryphon Digital Mining's most recent earnings report was on Aug 15, 2024

When does Gryphon Digital Mining report earnings?

The next expected earnings date for Gryphon Digital Mining is Feb 28, 2025

Should I buy Gryphon Digital Mining stock now?

As of today, analysts generally recommend a 'Hold' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions