Gryphon Digital Stock Price, News & Analysis

Gryphon Digital Mining (Nasdaq: GRYP), a company operating in Bitcoin mining and AI, has scheduled its Q4 and Full Year 2024 earnings conference call for March 31, 2024, at 4:30 PM Eastern Time. The company will provide detailed financial results and operational updates for the period ended December 31, 2024.

Investors and interested parties can join via phone using toll-free (888-506-0062) or international (973-528-0011) numbers with participant code 626037. A webcast option is also available, and replay access will be provided for those unable to attend the live call.

Gryphon Digital Mining (NASDAQ:GRYP) has announced the successful resolution of its legal dispute with Sphere 3D Corp through a settlement and release agreement. The settlement was reached on mutually acceptable terms, with no monetary payments required. The agreement fully resolves all pending litigation between the two companies and provides Gryphon with a complete release from any known, unknown, and unsuspected claims.

According to CEO Steve Gutterman, the company can now focus on executing its business strategy and pursuing opportunities to drive innovation and shareholder value in the bitcoin and AI space.

Gryphon Digital Mining (NASDAQ:GRYP) has announced the establishment of a strategic Bitcoin reserve program as part of its capital strategy. This initiative follows recent transformative agreements, including the restructuring of $18.0 million in Bitcoin debt, with $13.0 million converted to equity at $1.10 per share, reducing the debt to $5.0 million. As part of this restructuring, Anchorage Digital has become the largest shareholder and gained board representation.

The company has also secured a definitive agreement for an HPC/AI asset in Alberta that is scalable to 4GW, announced on January 10, 2025. CEO Steve Gutterman emphasized the company's focus on closing the Captus transaction and views the Bitcoin reserve initiative as a strategic move to strengthen the balance sheet.

Gryphon Digital Mining (NASDAQ:GRYP) has announced a significant expansion of its bitcoin mining operations through the acquisition of 1,900 S19JPro series machines from RepairBit The purchase, secured at a 20% discount to market rates, will increase the company's mining fleet by approximately 22%, from 8,500 to 10,400 machines.

The company obtained the equipment with an extended warranty at favorable prices through its relationship with RepairBit. Additionally, Gryphon is evaluating the creation of a strategic bitcoin reserve to strengthen its balance sheet, aligning with its core initiatives of building out power assets through partnerships with Wildboy and Captus.

Gryphon Digital Mining (NASDAQ:GRYP) has announced a non-brokered offering of common stock, raising approximately $2.85 million on January 13, 2025. The offering featured complete participation from management and majority board members, highlighting internal confidence in the company's direction.

The company issued approximately 6.3 million shares to third-party investors at $0.40 per share, with warrants exercisable at $1.50 per share. Management and Board members purchased about 629,000 shares at $0.516 per share, also with $1.50 warrants.

This funding represents an initial step toward financing Gryphon's recently announced expansion projects, including a 4GW-scalable HPC/AI asset in Alberta and a 1GW-scalable natural gas asset in British Columbia for low-cost power generation.

Gryphon Digital Mining (NASDAQ:GRYP) has signed a definitive agreement to acquire Captus Energy's 850-acre industrial site in Southern Alberta, Canada. The site has potential to scale to 4 gigawatts (GW) of power capacity through gas power generation and carbon sequestration, with ~130MW anticipated by end of 2026.

The acquisition, valued at CAD $27 million, includes CAD $3 million in restricted shares for the incoming Captus management team. Industry analysts project potential annual revenue of $1.5 million per MW, suggesting the asset could generate over $5.0 billion annually at full capacity.

The site features dual natural gas supply, grid connection, non-potable water resources, and dual high-speed fiber connection providers. This acquisition follows December 2024 strategic moves, including securing British Columbia natural gas assets with 1 GW scalability and projected power costs under $0.03/kWh.

Gryphon Digital Mining (NASDAQ:GRYP) has announced key developments in its energy strategy along with November 2024 operational results. The company signed an agreement to acquire natural gas assets in British Columbia with 100 MW initial capacity, scalable to 1 GW, and appointed Eric Gallie as SVP of Energy Strategy. These moves are expected to reduce power costs by over 50% from $0.0605/kWh to under $0.03/kWh.

November operational highlights include: 17.26439 BTC mined generating revenues of $1,487,580, with total energy costs of $1,160,935 and a margin of $326,647 (21.96%). The company reported cash on hand of $545,000 and 18.367 BTC valued at $1.78m as of November 30, 2024.

Gryphon Digital Mining (Nasdaq: GRYP) has appointed Eric Gallie as Senior Vice President of Energy Strategy, effective immediately. Gallie will oversee Gryphon's energy initiatives, focusing on securing low-cost power sources for digital currency mining and AI infrastructure development.

Steve Gutterman, CEO of Gryphon, emphasized Gallie's expertise in power markets and energy infrastructure as important for the company's strategic growth in bitcoin mining and AI. Gallie joins Gryphon from an energy-focused hedge fund and has an 18-year career in energy finance and operations, including managing a $1.5 billion investment portfolio at Luminus Capital Management and leading a $335 million asset acquisition at Distinction Energy.

Gallie expressed excitement about Gryphon's position at the intersection of energy, digital assets, and AI infrastructure, highlighting the potential for large-scale projects. He is a recipient of the 2020 Brendan Woods Top Gun Award and holds a Bachelor of Management degree in Finance from the University of Lethbridge.

Gryphon Digital Mining (NASDAQ:GRYP) has signed a definitive agreement with Erikson National Energy to acquire natural gas assets in Northeast British Columbia, Canada. The acquisition includes hundreds of natural gas wells containing over 5 trillion cubic feet of contingent resources and infrastructure with 140 mmcf/d capacity at 100% working interest.

The deal involves a CAD $2 million cash payment at closing plus additional obligations. The project is expected to initially power 100 MW of operations, potentially expandable to 1 GW, with projected energy costs below $0.03/KWH. The site features abundant natural gas access and will require engagement with regulatory bodies and First Nations, along with development of remediation plans.

The project includes green initiatives, such as proposed greenhouse construction for emissions reduction and year-round fresh produce supply to northern communities.