[Form 4] Gryphon Digital Mining, Inc Insider Trading Activity

Insider Trade Summary

5,530,198 shares exercised/converted

Exercise 6 txns

Insider Anchorage Lending CA, LLC, Anchor Labs, Inc.

Role Director, 10% Owner | Director, 10% Owner

Type	Security	Shares	Price	Value
Exercise	Warrant (right to buy)	2,000,000	$0.00	$0.00
Exercise	Warrant (right to buy)	3,530,198	$0.00	$0.00
Exercise	Common Stock	2,000,000	$0.55	$1.10M
Exercise Price or Tax Liability	Common Stock	1,110,102	$0.9909	$1.10M
Exercise	Common Stock	3,530,198	$0.01	$35K
Exercise Price or Tax Liability	Common Stock	35,626	$0.9909	$35K

Holdings After Transaction: Warrant (right to buy) — 0 contracts (Direct); Common Stock — 12,672,454 shares (Direct)

Footnotes (3)

1. F1. Anchorage Lending CA, LLC ("Anchorage Lending") is wholly owned by Anchor Labs, Inc., a Delaware corporation ("Anchor Labs"). Accordingly, Anchor Labs may be deemed to share beneficial ownership of the securities held of record by Anchorage Lending.
2. F2. On June 24, 2025, Anchorage Lending exercised a warrant to purchase 2,000,000 shares of GRYP common stock for $0.55 a share. Anchorage Lending paid the exercise price on a cashless basis, resulting in GRYP's withholding of 1,110,102 of the warrant shares to pay the exercise price and issuing to Anchorage Lending the remaining 889,898 shares.
3. F3. On June 24, 2025, Anchorage Lending exercised a warrant to purchase 3,530,198 shares of GRYP common stock for $0.01 a share. Anchorage Lending paid the exercise price on a cashless basis, resulting in GRYP's withholding of 35,626 of the warrant shares to pay the exercise price and issuing to Anchorage Lending the remaining 3,494,572 shares.

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Accepted by SEC EDGAR 07/03/2025 - 05:41 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Anchorage Lending CA, LLC

(Last) (First) (Middle)

P.O. BOX - ONE EMBARCADERO CENTER #2409

(Street)

SAN FRANCISCO CA 94216

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Gryphon Digital Mining, Inc. [ GRYP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/24/2025		M		2,000,000	A	$0.55	10,287,984	D(1)
Common Stock	06/24/2025		F(2)		1,110,102	D	$0.9909	9,177,882	D(1)
Common Stock	06/24/2025		M		3,530,198	A	$0.01	12,708,080	D(1)
Common Stock	06/24/2025		F(3)		35,626	D	$0.9909	12,672,454	D(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrant (right to buy)	$0.55	06/24/2025		M			2,000,000	10/25/2024	10/25/2034	Common Stock	2,000,000	$0	0	D(1)
Warrant (right to buy)	$0.01	06/24/2025		M			3,530,198	10/25/2024	10/25/2034	Common Stock	3,530,198	$0	0	D(1)

1. Name and Address of Reporting Person^*

Anchorage Lending CA, LLC

(Last) (First) (Middle)

P.O. BOX - ONE EMBARCADERO CENTER #2409

(Street)

SAN FRANCISCO CA 94216

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Anchor Labs, Inc.

(Last) (First) (Middle)

P.O. BOX - ONE EMBARCADERO CENTER #2409

(Street)

SAN FRANCISCO CA 94216

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Anchorage Lending CA, LLC ("Anchorage Lending") is wholly owned by Anchor Labs, Inc., a Delaware corporation ("Anchor Labs"). Accordingly, Anchor Labs may be deemed to share beneficial ownership of the securities held of record by Anchorage Lending.

2. On June 24, 2025, Anchorage Lending exercised a warrant to purchase 2,000,000 shares of GRYP common stock for $0.55 a share. Anchorage Lending paid the exercise price on a cashless basis, resulting in GRYP's withholding of 1,110,102 of the warrant shares to pay the exercise price and issuing to Anchorage Lending the remaining 889,898 shares.

3. On June 24, 2025, Anchorage Lending exercised a warrant to purchase 3,530,198 shares of GRYP common stock for $0.01 a share. Anchorage Lending paid the exercise price on a cashless basis, resulting in GRYP's withholding of 35,626 of the warrant shares to pay the exercise price and issuing to Anchorage Lending the remaining 3,494,572 shares.

Remarks:

Dan Grigorin currently serves as Anchorage Lending's representative on the Issuer's board of directors, and therefore the Reporting Persons may each be deemed a "director by deputization" of the Issuer.

	Anchorage Lending CA, LLC By: /s/ Margaret Vaden, General Counsel	07/03/2025
	Anchor Labs, Inc. By: /s/ Margaret Vaden, General Counsel	07/03/2025
	** Signature of Reporting Person	Date
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