Gryphon digital mining director acquires $18,880 in inventory

Demetrios Vaiopoulos, a director at Gryphon Digital Mining, Inc. (NASDAQ:GRYP), not too long ago acquired shares of the corporate, based on a current SEC submitting. On January 13, 2025, Vaiopoulos bought 48,412 shares of frequent inventory at a value of $0.39 per share, totaling roughly $18,880.

The transaction was carried out not directly by means of Vayo Ventures Ltd., the place Vaiopoulos holds a management place. Following this acquisition, his complete oblique possession stands at 48,412 shares. Moreover, Vaiopoulos holds 330,100 shares of Gryphon Digital Mining immediately, that are issuable upon the settlement of Restricted Inventory Items, topic to vesting situations. With a market capitalization of $22.38 million, InvestingPro information reveals the corporate faces monetary well being challenges, with 10+ further insights accessible to subscribers.

In different current information, Gryphon Digital Mining raised $2.85 million in a inventory sale geared toward funding important growth tasks. These embrace the acquisition of a high-performance computing (HPC)/AI asset in Alberta and pure gasoline property in British Columbia, that are anticipated to generate low-cost energy for its digital mining and synthetic intelligence infrastructure. Gryphon additionally reported mining 17.26439 bitcoins in November 2024, producing estimated revenues of $1,487,580.

Vital strides have been made within the firm’s operations, together with a debt restructuring with Anchorage Digital, which diminished the corporate’s excellent debt by over 70%. Nevertheless, monetary metrics from InvestingPro point out potential liquidity issues, with a present ratio of 0.06. H.C. Wainwright, an analyst agency, maintains a impartial stance on Gryphon, regardless of these current developments.

The corporate is at the moment coping with a lawsuit filed by its former CEO, Robby Chang, however has been cleared of legal responsibility in a safety breach incident involving Sphere 3D Corp. Gryphon continues to pursue a counterclaim in opposition to Sphere for alleged breaches of their Grasp Service Settlement, looking for roughly $45 million in damages. These are the current developments from Gryphon Digital Mining.

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