DexCom earnings beat by $0.03, revenue topped estimates
Simeon Salzman, the Chief Financial Officer of Gryphon Digital Mining, Inc. (NASDAQ:GRYP), recently acquired 19,365 shares of the company's common stock. The purchase comes as GRYP shares have shown strong momentum, gaining over 17% in the past week, according to InvestingPro data. The shares were purchased at $0.39 each, amounting to a total transaction value of $7,552. Following this acquisition, Salzman holds a total of 188,788 shares directly in the $22.38M market cap company.
Additionally, the filing notes that Salzman holds 450,040 shares of common stock issuable upon the settlement of Restricted Stock Units, subject to certain vesting conditions. In a separate transaction, Salzman also acquired warrants to purchase 19,365 shares of common stock at an exercise price of $1.50 per share. These warrants are set to expire on January 13, 2035. InvestingPro analysis suggests the stock is currently trading below its Fair Value, despite showing high volatility. Subscribers can access 10+ additional ProTips and detailed financial metrics for GRYP.
In other recent news, Gryphon Digital Mining has secured approximately $2.85 million through a stock sale and acquired natural gas assets in British Columbia, expected to provide low-cost power for its digital mining and artificial intelligence infrastructure. The company has also restructured its debt with Anchorage Digital, reducing its outstanding debt by over 70%. Gryphon reported mining 17.26439 bitcoins in November 2024, generating estimated revenues of $1,487,580. Despite these developments, H.C. Wainwright maintained a neutral stance on Gryphon. Furthermore, Gryphon is dealing with a lawsuit filed by its former CEO, Robby Chang, but has been cleared of liability in a security breach incident involving Sphere 3D Corp, and continues to counterclaim Sphere for alleged breaches of their Master Service Agreement, seeking approximately $45 million in damages. These are recent developments from Gryphon Digital Mining.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.