Gryphon Digital Mining Inc

Earnings data Q4 2023

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Gryphon Digital Mining, Inc. is a bitcoin mining company, which offers carbon-neutral bitcoin mining and digital assets mining operations. Its operations include Self-Mining and ESG-Led Mining. The company was founded in October 2020 and is headquartered in Las Vegas, NV.

Gryphon Digital Mining, Inc. (NASDAQ:GRYP ) Q3 2024 Earnings Conference Call November 13, 2024 4:30 PM ET Company Participants Steve Gutterman - Chief Executive Officer Sim Salzman - Chief Financial Officer Conference Call Participants Jon Hickman - Ladenburg Thalmann Kevin Dede - H.C. Wainwright Operator Greetings and welcome to the Gryphon Digital Mining Third Quarter 2024 Earnings Call.

Gryphon Digital Mining, Inc. (GRYP) Q3 2024 Earnings Call Transcript

LAS VEGAS, NV / ACCESSWIRE / November 13, 2024 / Gryphon Digital Mining, Inc. (Nasdaq:GRYP) ("Gryphon," the "Company," "we," "our," and "us"), a bitcoin mining company that is focused on becoming the leader in low-cost, efficient operations, today reported financial results for its quarter ended September 30, 2024. "The third quarter was fundamentally about strengthening our foundation and positioning Gryphon for future success," said Steve Gutterman, CEO of Gryphon Digital Mining.

Gryphon Digital Mining, Inc. Reports Third Quarter 2024 Financial Results

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 to Host Third Quarter 2024 Earnings Conference Call

LAS VEGAS, NV / ACCESSWIRE / November 4, 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, environmentally sustainable operations, announced today that Steve Gutterman, CEO, has issued a letter to shareholders: Dear Valued Shareholders, I am excited to address you as the new CEO of Gryphon Digital Mining. Gryphon's New Chapter: Positioning for Success The past few weeks have been a period of significant transition as we refocus the company on execution and delivering results.

Gryphon Digital Mining Announces Letter to Shareholders

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 Converts Debt to Equity to Strengthen Balance Sheet and Increase Shareholder Equity

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.

Gryphon Digital Mining Announces September Operational Update

LAS VEGAS, NV / ACCESSWIRE / September 27, 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, environmentally sustainable operations, that Sim Salzman will continue in his role as Chief Financial Officer. Sim's decision to remain with Gryphon follows the company's recent efforts to bolster its management team and board, which included appointing Steve Gutterman as CEO and Jimmy Vaipoulos as Chairman.

Gryphon Digital Mining Announces Sim Salzman to Continue as Chief Financial Officer

ETRADE

Rob Chang and Brittany Kaiser continue their leadership as Directors, along with Heather Cox, Jessica Billingsley and Dan Tolhurst. LAS VEGAS, NV / ACCESSWIRE / September 19, 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, environmentally sustainable operations, announced today that Steve Gutterman has been appointed as Chief Executive Officer and Jimmy Vaipoulos as Chairman of the board of directors (the "Board").

Gryphon Digital Mining Adds Operational Expertise, Names Steve Gutterman as Chief Executive Officer, Jimmy Vaipoulos as Chairman

LAS VEGAS, NV / ACCESSWIRE / September 9, 2024 / Gryphon Digital Mining, Inc. (NASDAQ:GRYP) ("Gryphon" or the "Company"), a bitcoin mining company that is focused on low-cost, efficient operations with an ESG focus, announced today that management will present at the H.C. Wainwright 26th Annual Global Investment Conference.

Gryphon Digital Mining to Present at the H.C. Wainwright 26th Annual Global Investment Conference September 9, 2024 at 11:00am ET

Transformational Month Highlighted by Acquisition of Ultra Low-Cost Power Mining Operations, Paving the Way to Power Costs of ~$0.01/kWh LAS VEGAS, NV / ACCESSWIRE / September 5, 2024 / Gryphon Digital Mining, Inc. (Nasdaq:GRYP) ("Gryphon" or the "Company"), a bitcoin mining company that is focused on low-cost, efficient operations with an ESG focus, has released its unaudited operational update for August 2024. Key August highlights: Ultra Low-Cost Operation Acquisition: Entry into an agreement to acquireup to 2.9 megawatts ("MW") of currently running operations equipped with 59 PH/s of bitcoin mining machines.

Gryphon Digital Mining Announces August Operational Update

Strengthens its team by increasing the size of the Board and adding a founding member of the company LAS VEGAS, NV / ACCESSWIRE / August 29, 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, environmentally sustainable operations, announced today that it has increased the size of its Board of Directors from five to six members and appointed Daniel Tolhurst to fill the new Board seat as a Class I director, effective immediately. Mr. Tolhurst's term will expire at the Company's 2025 annual meeting of stockholders.

Gryphon Digital Mining Welcomes Return of Dan Tolhurst to its Board of Directors

Gryphon Takes First Step in Low-Cost Power Plan LAS VEGAS, NV / ACCESSWIRE / August 20, 2024 / Gryphon Digital Mining, Inc. (NASDAQ:GRYP) ("Gryphon" or the "Company") a bitcoin mining company that is focused on low-cost, efficient operations with an ESG focus is proud to announce its first step in its low-cost power pipeline plans. Key highlights: Ultra low-cost power: Power purchase agreements with per kilowatt hour costs averaging around ~1 cent Operating asset: Up to 2.9 megawatts ("MW") of currently running operations equipped with 59 PH/s of bitcoin mining machines Immediately Accretive: Depending on usage, management believes that these low-cost power assets can generate around $1M in annual revenue Flexibility: Low-cost power is expected to provide the Company with flexibility to take advantage of different opportunities that include bitcoin mining, high performance computing, and machine hosting.

Gryphon Acquires Ultra Low-Cost Power Mining Operations at ~$0.01/kWh

Gryphon Digital Mining, Inc. (NASDAQ:GRYP ) Q2 2024 Earnings Conference Call August 15, 2024 10:00 AM ET Company Participants Rob Chang - CEO Sim Salzman - CFO Conference Call Participants Kevin Dede - H.C. Wainwright Martin Toner - ATB Capital Markets Jon Hickman - Ladenburg and Thalmann Operator Greetings and welcome to the Gryphon Digital Mining Second Quarter 2024 Earnings Call.

Gryphon Digital Mining, Inc. (GRYP) Q2 2024 Earnings Call Transcript

LAS VEGAS, NV / ACCESSWIRE / August 14, 2024 / Gryphon Digital Mining, Inc. (Nasdaq:GRYP) ("Gryphon," the "Company," "we," "our," and "us"), a bitcoin mining company that is independently certified to be 100% renewable and pursuing a negative carbon strategy, today reported financial results for its quarter ended June 30, 2024. "Gryphon reached milestones in both hashrate and energy efficiency during the second quarter of 2024, setting new company records," said Rob Chang, the CEO of Gryphon Digital Mining.

Gryphon Digital Mining, Inc. Reports Second Quarter 2024 Financial Results

LAS VEGAS, NV / ACCESSWIRE / August 9, 2024 / Gryphon Digital Mining, Inc. (NASDAQ:GRYP) ("Gryphon" or the "Company"), a bitcoin mining company that is independently certified to be 100% renewable and pursuing a negative carbon strategy, announced today that management will host a conference call on Thursday, August 15, 2024 at 10:00 AM Eastern Time to discuss results for its second quarter ended June 30, 2024. Conference Call Information Date: Thursday, August 15, 2024Time: 10:00 AM Eastern TimeToll Free: 877-545-0523International: 973-528-0016Participant Access Code: 472122Webcast Link: https://www.webcaster4.com/Webcast/Page/3030/51063 Conference Call Replay Information Toll Free: 877-481-4010International: 919-882-2331Replay Passcode: 51063Webcast Replay: https://www.webcaster4.com/Webcast/Page/3030/51063 About Gryphon Digital Mining Gryphon Digital Mining, Inc. is an innovative venture in the bitcoin space dedicated to helping bring digital assets onto the clean energy grid.

Gryphon Digital Mining to Host Second Quarter 2024 Earnings Conference Call

Leadership in bitcoin efficiency and energy efficiency continues, with 24 BTC/EH and 28.6 J/T respectively LAS VEGAS, NV / ACCESSWIRE / August 5, 2024 / Gryphon Digital Mining, Inc. (Nasdaq:GRYP) ("Gryphon" or the "Company"), a bitcoin mining company that is independently certified to be 100% renewable and pursuing a negative carbon strategy, has released its unaudited operational update for July 2024. Key July highlights: Leading Bitcoin Efficiency: Achieved bitcoin efficiency of 24 BTC/EH for the month of July, following a second-place score among publicly disclosing peers in June Improved Hashrate: Monthly average hashrate of 871 PH/s, an 8% increase over July 2023 Strong Energy Efficiency: Maintained leading energy efficiency at 28.6 joules per terahash ("J/T") Bitcoin Production: Expect to have produced approximately 21.4 bitcoin Projected approximately $1.34 million in value based on an average bitcoin price for the month of $62,805 Sustainable Operations: Scope 1 and Scope 2[1] operations continue to be 100% electrified by zero-carbon emitting hydro power "July showcased Gryphon's operational consistency as we have maintained robust production and efficiency levels over the past few months," noted Rob Chang, CEO of Gryphon.

Gryphon Digital Mining Announces July Operational Update

LAS VEGAS, NV / ACCESSWIRE / August 2, 2024 / Gryphon Digital Mining, Inc. (NASDAQ:GRYP) ("Gryphon" or the "Company"), a bitcoin mining company that is independently certified to be 100% renewable and pursuing a negative carbon strategy, today announced that Sim Salzman, Chief Financial Officer, will be stepping down from his position effective November 15, 2024 to spend more time with his family and pursue other interests. Gryphon Mining will initiate a search process for a successor.

Gryphon Digital Mining Announces CFO Transition

Sphere's concession means that Gryphon is no longer subject to liability on the basis of these allegations LAS VEGAS, NV / ACCESSWIRE / July 17, 2024 / Gryphon Digital Mining, Inc. (NASDAQ:GRYP) ("Gryphon" or the "Company"), a bitcoin mining company that is independently certified to be 100% renewable and pursuing a negative carbon strategy, is providing an update regarding its ongoing litigation with Sphere 3D. On June 27, 2024, during a court conference in the litigation proceedings between Gryphon Digital Mining, Inc. ("Gryphon") and Sphere 3D Corp. ("Sphere") in the U.S. District Court for the Southern District of New York, Sphere conceded that it was no longer seeking to impose any liability against Gryphon for events that occurred in early 2023 in which a hostile threat actor impersonated Sphere's chief financial officer in an email sent to both Sphere and Gryphon's personnel and requested the transfer of twenty-six (26) bitcoin from a Sphere wallet controlled by Gryphon.

Sphere Concedes It Will No Longer Seek To Impose Any Liability for Impersonation of Its CFO

Record Company Quarterly Hashrate as Mining Operations Grow 20% YoY ; Considering High Performance Computing in Growth Plans LAS VEGAS, NV / ACCESSWIRE / July 9, 2024 / Gryphon Digital Mining, Inc. (NASDAQ:GRYP) ("Gryphon" or the "Company"), a bitcoin mining company that is independently certified to be 100% renewable and pursuing a negative carbon strategy, has released its unaudited operational update for June 2024 and Q2/24. Key highlights: Set a new company record in quarterly hashrate of 899 PH/s in Q2/24, a 20% increase over Q2/23 Record monthly performance in energy efficiency at 28.5 joules per terahash ("J/T") in June Expect to have produced approximately 84 bitcoin in the second quarter Projected approximately $5.5 million in value based on an average quarterly bitcoin price of $65,916 Achieved bitcoin efficiency of 25 BTC/EH for the month of June 99.4% mining fleet average up time in June Qualified for inclusion in the Russell Microcap Index, which was effective as of July 1st Scope 1 and Scope 21 operations continue to be 100% electrified by zero-carbon emitting hydro power "The second quarter of 2024 was significant for Gryphon as we achieved company records in hashrate and energy efficiency," noted Rob Chang, CEO of Gryphon.

Gryphon Digital Mining Announces Q2/24 Operational Update

Machine Upgrades Set New Company Record in Energy Efficiency LAS VEGAS, NV / ACCESSWIRE / June 5, 2024 / Gryphon Digital Mining, Inc. (Nasdaq:GRYP) ("Gryphon" or the "Company"), a bitcoin mining company that is independently certified to be 100% renewable and pursuing a negative carbon strategy, has released its unaudited operational update for May 2024. Key highlights for the month: Set a new company record in energy efficiency of 28.6 joules per terahash ("J/T") Produced approximately 22 bitcoin Approximately $1.4 million in value based on an average May bitcoin price of $65,071 Achieved bitcoin efficiency of 24 BTC/EH Self-mining hashing power of 904 PH/s 98% average up time on mining fleet Qualified for inclusion in the Russell Microcap Index, effective at the open of US equity markets on July 1st Scope 1 and Scope 2[1] operations continue to be 100% electrified by zero-carbon emitting Hydro power "May marked a pivotal moment for Gryphon as we reaped the rewards of our strategic investment in cutting-edge Bitmain S21 200 TH/s machines," noted Rob Chang, CEO of Gryphon.

Gryphon Digital Mining Announces May Operational Update

LAS VEGAS, NV / ACCESSWIRE / June 3, 2024 / Gryphon Digital Mining, Inc. (Nasdaq:GRYP) ("Gryphon," the "Company," "we," "our," and "us"), a bitcoin mining company that is independently certified to be 100% renewable and pursuing a negative carbon strategy is poised to join the Russell Microcap® Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1st. Strategic Growth and Operational Excellence Rob Chang, CEO, President, and a Director of Gryphon, stated, "our inclusion in the Russell Microcap Index underscores the rapid progress we believe Gryphon has made in the capital markets.

Gryphon Digital Mining set to join Russell Microcap(R) Index

Gryphon Digital Mining, Inc. (NASDAQ:GRYP ) Q1 2024 Earnings Conference Call May 14, 2024 11:00 AM ET Company Participants Rob Chang - Chief Executive Officer Sim Salzman - Chief Financial Officer Conference Call Participants Martin Toner - ATB Capital Market Jon Hickman - Ladenburg and Thalmann Kevin Dede - H. C. Wainwright Operator Greetings, and welcome to the Gryphon Digital Mining First Quarter 2024 Earnings Call.

Gryphon Digital Mining, Inc. (GRYP) Q1 2024 Earnings Call Transcript

LAS VEGAS, NV / ACCESSWIRE / May 13, 2024 / Gryphon Digital Mining, Inc. (NASDAQ:GRYP) ("Gryphon," the "Company," "we," "our," and "us"), a bitcoin mining company that is independently certified to be 100% renewable and pursuing a negative carbon strategy, today reported financial results for its quarter ended March 31, 2024. "Q1/24 marked another quarter of strong execution for Gryphon, building on the transformational progress we made in 2023," said Rob Chang, the CEO of Gryphon Digital Mining.

Gryphon Digital Mining, Inc. Reports First Quarter 2024 Financial Results

LAS VEGAS, NV / ACCESSWIRE / May 13, 2024 / Gryphon Digital Mining, Inc. (NASDAQ:GRYP) ("Gryphon" or the "Company"), a bitcoin mining company that is independently certified to be 100% renewable and pursuing a negative carbon strategy, announced today that management will host a conference call on Tuesday, May 14, 2024 at 11:00 AM Eastern Time to discuss results for its first quarter ended March 31, 2024. Conference Call Information Date: Tuesday, May 14, 2024Time: 11:00 AM Eastern TimeToll Free: 888-506-0062International: 973-528-0011Participant Access Code: 372394Webcast Link: https://www.webcaster4.com/Webcast/Page/3030/50554 Conference Call Replay Information Toll Free: 877-481-4010International: 919-882-2331Replay Passcode: 50238Webcast Replay: https://www.webcaster4.com/Webcast/Page/3030/50554 About Gryphon Digital Mining Gryphon Digital Mining, Inc. is an innovative venture in the bitcoin space dedicated to helping bring digital assets onto the clean energy grid.

Gryphon Digital Mining to Host First Quarter 2024 Earnings Conference Call

Machine Upgrades Lead to New Company All-Time Bests in Hashing Power and Efficiency LAS VEGAS, NV / ACCESSWIRE / May 6, 2024 / Gryphon Digital Mining, Inc. (NASDAQ:GRYP) ("Gryphon" or the "Company"), a bitcoin mining company that is independently certified to be 100% renewable and pursuing a negative carbon strategy, has released its unaudited operational update for April 2024. Key highlights for the month: Produced approximately 40 bitcoin Approximately $2.6 million in value based on an average April bitcoin price of $66,183 Production of 1.33 BTC/day on average, or about $88,244/day Achieved bitcoin efficiency of 43 BTC/EH New Company record average self-mining hashing power of 914 PH/s in April Machine upgrade program completed with the installation of Bitmain S21 200 TH/s machines 21 bitcoin in treasury as of April 30, 2024 Average machine efficiency improved to 28.7 J/T in April Scope 1 and Scope 21 operations continue to be 100% electrified by zero-carbon emitting Hydro power "April signified the beginning of our post go-public improvement program as we ordered and installed a batch of state-of-the-art Bitmain S21 200 TH/s machines to upgrade our mining fleet.

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