Welcome to our dedicated page for Gryphon Digital news (Ticker: GRYP), a resource for investors and traders seeking the latest updates and insights on Gryphon Digital stock.
Gryphon Digital Mining (GRYP) operates a sustainable Bitcoin mining network powered by ultra low-cost energy solutions and advanced ASIC technology. This page aggregates official updates on operational milestones, financial performance, and environmental initiatives central to GRYP's carbon-neutral mission.
Investors and industry observers will find timely announcements about power agreement expansions, mining efficiency improvements, and leadership developments. Key updates include energy partnership announcements, hash rate achievements, and sustainability progress reports that underscore GRYP's unique position in eco-conscious cryptocurrency mining.
All content is curated to provide stakeholders with actionable insights into GRYP's operational strategy, including its use of flare gas mitigation systems and low-cost power procurement. Regular updates reflect the company's commitment to transparent reporting in the evolving digital assets sector.
Bookmark this page for streamlined access to GRYP's latest developments, including strategic moves in high-performance computing and AI infrastructure expansion. Check back regularly for verified updates directly from corporate communications and authorized news sources.
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.
Gryphon Digital Mining (NASDAQ:GRYP) reported Q3 2024 financial results with mining revenues of $3.7 million, down from $5.2 million in Q3 2023. The company posted a net loss of $5.9 million, including $3.2 million in non-cash expenses. Bitcoin production decreased to 61 BTC from 176 BTC year-over-year, with breakeven cost per Bitcoin rising to $59,213 from $22,625. Post-quarter, the company successfully restructured approximately $19 million in debt, converting $13 million to equity at a 100% premium to stock price. The company's market capitalization exceeded $40 million, meeting NASDAQ listing requirements.
Gryphon Digital Mining (NASDAQ:GRYP) has announced it will host a conference call on November 13, 2024 at 4:30 PM Eastern Time to discuss its third quarter 2024 financial results for the period ended September 30, 2024. The company, which operates in the bitcoin and AI space, will provide toll-free and international dial-in numbers for participants, along with a webcast option. A replay of the conference call will be made available through both phone and web platforms.
Gryphon Digital Mining (NASDAQ:GRYP) announced significant changes and restructuring initiatives in a shareholder letter from new CEO Steve Gutterman. The company completed a major debt restructuring with Anchorage, converting $13M of Bitcoin-based debt into equity at $1.10 per share and restructuring the remaining $5M with a 4.25% interest rate over three years. Key leadership changes include Gutterman's expansion from Director to CEO, Jimmy Vaiopoulos as Chairman, and Sim Salzman continuing as CFO. The company aims to focus on securing low-cost power deals, expanding Bitcoin mining operations, and moving into AI hosting and computing.
Gryphon Digital Mining (NASDAQ:GRYP) has announced a significant debt restructuring agreement with Anchorage Digital. The company will convert 304 BTC (approximately $18 million) of debt, with $13 million converting to equity and pre-funded warrants at $1.10 per share, and $5 million remaining as restructured debt with a 4.25% interest rate over three years. The conversion price represents a 100% premium to Gryphon's 30-day average closing price. Anchorage Digital will become the largest shareholder, receive additional warrants to purchase 2 million shares at $1.50/share, and gain a seat on Gryphon's Board of Directors.
Gryphon Digital Mining (Nasdaq:GRYP) has released its unaudited operational update for September 2024. Key highlights include:
- Leadership changes: Steve Gutterman named CEO, Jimmy Vaipoulos as Chairman, and Sim Salzman continuing as CFO
- +500 MW power pipeline under evaluation
- Monthly average hashrate of 920 PH/s, a 4% increase over August
- Expected bitcoin production of 19.31, valued at approximately $1.16 million
- 98.7% mining fleet uptime
- 100% zero-carbon emitting hydro power for Scope 1 and 2 operations
The company aims to focus on organic revenue expansion, strategic M&A, leveraging energy cost advantages, and attracting capital to support growth. September's bitcoin production decreased by 2% month-over-month due to increased difficulty levels. Gryphon held approximately 9.6 bitcoin in its treasury at the end of September.
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