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In a recent transaction at Gryphon Digital Mining, Inc. (NASDAQ:GRYP), a $88.18 million market cap company currently trading at $1.27, director Daniel George Tolhurst sold 8,139 shares of the company’s common stock. The shares were sold at a price of $1.296 each, amounting to a total sale value of $10,548. Following this transaction, Tolhurst holds 613,505 shares directly. Additionally, he has a holding of 264,080 shares, which are issuable upon the settlement of Restricted Stock Units, subject to vesting conditions. According to InvestingPro data, GRYP has demonstrated remarkable momentum with a 229% year-to-date return and 92% gain over the past six months, though the stock typically trades with high volatility. For deeper insights into GRYP’s valuation and 12+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, American Bitcoin, backed by members of the Trump family, is set to go public via an all-stock merger with Gryphon Digital Mining. The merger will result in American Bitcoin being listed on the Nasdaq, with existing shareholders retaining approximately 98% ownership of the newly formed entity. The deal is expected to be finalized by the third quarter of 2025. Meanwhile, Gryphon Digital Mining reported a slight decrease in annual sales to $20.5 million for 2024, reflecting challenges in the bitcoin mining sector. The company is shifting its focus from bitcoin mining to high-performance computing (HPC) and AI infrastructure, aiming to develop 130 megawatts of computing infrastructure by 2026. Despite this strategic pivot, H.C. Wainwright has maintained a Neutral rating on Gryphon, citing challenges such as the absence of a finalized power deal and lack of financing. Gryphon’s recent earnings call highlighted a reduction in net loss to $21.3 million from $28.6 million the previous year, alongside a strategic acquisition of Captus to expand its computing infrastructure. The company is actively seeking capital partners to support its infrastructure development efforts.
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