Gryphon Digital Stock Price, News & Analysis
Company Description
Gryphon Digital Mining, Inc. (formerly trading on Nasdaq under the ticker GRYP) was described in its public communications as an innovative venture in the bitcoin, high performance computing (HPC) and AI space. The company reported that it focused on bitcoin mining and related digital asset activities, and in several press releases characterized itself as being dedicated to helping bring digital assets to the market and improving digital asset network infrastructure.
According to multiple company announcements, Gryphon operated in the broader digital asset and technology ecosystem, combining bitcoin mining with initiatives connected to HPC and AI. In its year-end financial results, Gryphon highlighted revenues from mining activities and discussed non-GAAP metrics such as Breakeven Cost per Bitcoin and Adjusted EBITDA, underscoring that bitcoin mining was a central operational focus.
In addition to its mining activities, Gryphon disclosed a definitive agreement for an HPC/AI asset in Alberta, referred to as the Captus Energy acquisition, which it described as scalable to 4GW. The company framed this asset as part of a strategy to reshape its business around high performance computing and AI-related infrastructure. Gryphon also announced a strategic Bitcoin reserve program as part of its capital strategy, linking its balance sheet management to bitcoin holdings.
Gryphon’s public filings and press releases show that it became a Nasdaq-listed company, and later entered into a significant merger transaction with American Bitcoin Corp., a Bitcoin accumulation platform focused on building what it called America’s Bitcoin infrastructure backbone. Under an Agreement and Plan of Merger, Gryphon agreed to acquire American Bitcoin in a stock-for-stock transaction. Company disclosures state that, upon closing, the combined company would operate under the American Bitcoin brand and was expected to trade on Nasdaq under the ticker ABTC.
An 8-K filed on September 3, 2025, describes the completion of a series of merger steps in which American Bitcoin Corp. (referred to as Historical ABTC) became a wholly owned subsidiary and then merged into another Gryphon subsidiary. The filing explains that, after these mergers, the combined entity changed its name to American Bitcoin Corp. and that its Class A Common Stock would trade on Nasdaq under the symbol ABTC. The same filing notes that former stockholders of American Bitcoin collectively held approximately 98% of the fully diluted combined company, while prior Gryphon equity holders collectively held approximately 2%.
Immediately before the merger closing, Gryphon implemented a five-for-one reverse stock split of its common stock, as described in its press releases and 8-K filings. The reverse stock split was approved by Gryphon stockholders within a previously authorized range and was effected to help satisfy Nasdaq’s minimum bid price requirements in connection with the merger transaction. The company stated that the reverse stock split reduced the number of outstanding shares and that fractional shares would be rounded up to the next whole share, with no cash paid for fractional interests.
Following the reverse stock split, Gryphon adopted a Second Amended and Restated Certificate of Incorporation that, among other things, reclassified and renamed each issued and outstanding share of Gryphon common stock as Class A Common Stock of the combined company and created additional classes of common stock (Class B and Class C), each with different voting rights. The 8-K explains that each share of Class A Common Stock carries one vote, while Class B and Class C Common Stock carry higher voting power per share as specified in that charter.
In its financial communications for the year ended December 31, 2024, Gryphon described 2024 as a transformative year, highlighting its listing on Nasdaq, changes in its leadership team, balance sheet restructuring, and the execution of the Captus Energy agreement. The company reported that it mined bitcoin during the year and provided detailed tables on mining revenues, costs of revenues (excluding depreciation), bitcoin mined, and related non-GAAP measures. Gryphon also emphasized its focus on tight operational controls, including cash payroll expenses as a percentage of revenue.
Gryphon’s news releases further indicate that it pursued a strategic Bitcoin reserve initiative, which it described as part of its comprehensive capital strategy and as a way to strengthen its balance sheet in connection with its broader growth plans, including the Captus transaction. The company’s communications repeatedly refer to a leadership team with experience from globally recognized brands and to an emphasis on improving digital asset network infrastructure.
After the completion of the merger with American Bitcoin and the associated name and ticker change, the historical ticker GRYP represents Gryphon Digital Mining’s pre-merger public company history. Investors researching GRYP are therefore looking at the legacy entity that combined with American Bitcoin to form the current American Bitcoin Corp., whose Class A Common Stock trades on Nasdaq under the symbol ABTC, as described in the company’s 8-K filings.