Gryphon digital miner earns $18,880 in stock Via Investing.com

Demetrios Vaiopoulos, director of Gryphon Digital, Inc. (NASDAQ: GRYP), recently acquired shares of the company, according to the latest SEC filing. On January 13, 2025, Vaiopoulos purchased 48,412 shares of common stock at a price of $0.39 per share, for a total of $18,880.

The transaction was made indirectly through Vayo Ventures Ltd., where Vaiopoulos holds a leadership position. After this acquisition, his total indirect ownership stands at 48,412 shares. In addition, Vaiopoulos directly owns 330,100 shares of Gryphon Digital Mining, which may be issued upon settlement of the Restricted Stock Units, subject to financial conditions. With a market capitalization of $22.38 million, InvestingPro the data reveals that the company is facing financial health problems, with 10+ additional details available to subscribers.

In other recent news, Gryphon Digital Mining has raised $2.85 million in a stock sale aimed at supporting key expansion plans. These include the acquisition of high-performance computing (HPC)/AI assets in Alberta and assets in British Columbia, which are expected to generate low-cost power for its digital mining and artificial intelligence applications. Gryphon also reported mining 17.26439 bitcoins in November 2024, generating an estimated revenue of $1,487,580.

Major steps have been taken in the company’s operations, including a debt restructuring with Anchorage Digital, which reduced the company’s outstanding debt by 70%. However, financial metrics from InvestingPro indicate potential credit problems, with a current ratio of 0.06. HC Wainwright, the analyst firm, remains neutral on Gryphon, despite recent changes.

The company is currently dealing with a lawsuit filed by its former CEO, Robby Chang, but has been acquitted in a criminal case involving Sphere 3D Corp. Gryphon continues to pursue a claim against Sphere for breach of the Master Service Agreement, seeking damages of up to $45 million. These are the latest updates from Gryphon Digital Mining.

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