Gryphon digital mining director Kaiser acquires shares worth $37,761

In a recent transaction, Brittany Kaiser, a director at Gryphon Digital Mining, Inc. (NASDAQ:GRYP), acquired 96,824 shares of the company's common stock. The shares were purchased at $0.39 each, amounting to $37,761. The stock, currently trading at $0.43, has shown strong momentum with a 14.79% gain over the past week, though it remains significantly below its 52-week high of $5.58. According to InvestingPro analysis, the company appears undervalued at current levels. Following this acquisition, Kaiser holds 264,080 shares directly and 604,581 shares indirectly through Achayot Partners LLC, where she serves as CEO and is the sole owner. Additionally, Kaiser exercised warrants for 96,824 shares at $0.125 per share, with the warrants set to expire in 2035. With a market capitalization of $22.38 million, GRYP's stock has shown high price volatility. InvestingPro subscribers can access 11 additional investment tips and comprehensive financial metrics to better evaluate this insider purchase.

In other recent news, Gryphon Digital Mining has secured approximately $2.85 million through a registered direct offering, a crucial move for its operations as it has been quickly burning through cash according to InvestingPro. Gryphon also announced the acquisition of natural gas assets in British Columbia, which is expected to generate low-cost power for its digital mining and artificial intelligence infrastructure. Analyst firm H.C. Wainwright maintains a neutral stance on Gryphon, despite these developments and recent leadership changes, including the appointment of Steve Gutterman as CEO.

Gryphon reported mining 17.26439 bitcoins in November 2024, generating estimated revenues of $1,487,580. The company has restructured its debt with Anchorage Digital, reducing its outstanding debt by over 70%. Gryphon also ended its colocation mining services agreement with Coinmint, LLC, with plans to update on new locations for its mining operations.

Despite facing a lawsuit filed by its former CEO, Robby Chang, Gryphon has been cleared of liability in a security breach incident involving Sphere 3D Corp and continues to pursue a counterclaim against Sphere for alleged breaches of their Master Service Agreement, seeking approximately $45 million in damages. These are all recent developments from Gryphon Digital Mining.

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