Gryphon Digital Mining names new CEO and Chairman

LAS VEGAS - Gryphon Digital Mining, Inc. (NASDAQ:GRYP), a bitcoin mining company committed to low-cost, environmentally sustainable operations, announced the appointment of Steve Gutterman as Chief Executive Officer and Jimmy Vaipoulos as Chairman of the Board. The changes in leadership are effective immediately.

Steve Gutterman, who previously served on Gryphon's Board and chaired its Audit Committee, brings nearly three decades of experience building, leading, and investing in transformative companies. His career includes significant roles such as President of Harvest Health & Recreation (OTC:HRVSF) Inc. and EVP and COO of ETRADE Bank, among others. Gutterman's leadership has contributed to substantial revenue growth and market capitalization increases in his past positions.

"I am honored to be Gryphon's new CEO, and I am incredibly excited by the untapped potential within our company," said Gutterman. He emphasized the company's readiness for growth, citing its executive team, engaged shareholders, and efficient operations.

Jimmy Vaipoulos, the incoming Chairman, is a Partner, CFO, and Co-Founder of Stack Capital Group Inc. His background includes serving as CFO and Interim CEO of Hut 8 Mining and CFO of UGE International Ltd. Vaipoulos's focus will be on identifying and evaluating acquisition and growth opportunities for Gryphon.

The outgoing CEO, Rob Chang, will continue as a Director on the Board, while the former Chairperson, Brittany Kaiser, along with directors Heather Cox, Jessica Billingsley, and Dan Tolhurst, remain in their positions.

Gryphon Digital Mining is known for its carbon-neutral bitcoin mining operation in the northeastern US and is pursuing a carbon-negative strategy. The company is recognized for assembling a team of thought leaders aiming to enhance the digital asset network infrastructure.

This leadership transition is based on a press release statement and follows Gryphon's strategy to leverage its platform for growth and value creation for stakeholders. The company is scheduled to participate in the LD Micro Main Event XVII in Los Angeles, CA on October 28th - 30th.

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