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Gryphon Digital Mining Announces CFO Transition

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Gryphon Digital Mining, Inc. (NASDAQ:GRYP), a bitcoin mining company focused on renewable energy and negative carbon strategy, has announced that CFO Sim Salzman will be stepping down effective November 15, 2024. Salzman's departure is not related to any financial or accounting issues within the company. He will continue in his role through the filing of the 3rd Quarter 10-Q to ensure a smooth transition and meet upcoming filing deadlines.

CEO Rob Chang expressed gratitude for Salzman's contributions, particularly his role in taking the company public. Gryphon will initiate a search process for a successor and provide updates as appropriate. Salzman stated his confidence in the company's strategy and future prospects, committing to ensure a seamless transition.

Gryphon Digital Mining, Inc. (NASDAQ:GRYP), una società di mining di bitcoin focalizzata su energia rinnovabile e strategia di carbonio negativo, ha annunciato che il CFO Sim Salzman si dimetterà effettivo il 15 novembre 2024. Le dimissioni di Salzman non sono correlate a problemi finanziari o contabili all'interno dell'azienda. Continuerà a ricoprire il suo ruolo fino alla presentazione del 10-Q del 3° trimestre per garantire una transizione fluida e rispettare le prossime scadenze di presentazione.

Il CEO Rob Chang ha espresso gratitudine per i contributi di Salzman, in particolare per il suo ruolo nel rendere pubblica la società. Gryphon avvierà un processo di ricerca per un successore e fornirà aggiornamenti quando opportuno. Salzman ha dichiarato la sua fiducia nella strategia dell'azienda e nelle prospettive future, impegnandosi a garantire una transizione senza intoppi.

Gryphon Digital Mining, Inc. (NASDAQ:GRYP), una empresa de minería de bitcoin enfocada en energía renovable y una estrategia de carbono negativo, ha anunciado que el CFO Sim Salzman dejará su cargo a partir del 15 de noviembre de 2024. La salida de Salzman no está relacionada con problemas financieros ni contables dentro de la empresa. Continuará en su puesto hasta la presentación del 10-Q del tercer trimestre para asegurar una transición fluida y cumplir con los próximos plazos de presentación.

El CEO Rob Chang expresó su agradecimiento por las contribuciones de Salzman, particularmente por su papel en llevar la empresa a la bolsa. Gryphon iniciará un proceso de búsqueda de un sucesor y proporcionará actualizaciones según sea apropiado. Salzman expresó su confianza en la estrategia de la empresa y en las perspectivas futuras, comprometiéndose a asegurar una transición sin problemas.

그리폰 디지털 마이닝, Inc.(NASDAQ:GRYP)는 재생 에너지부정적인 탄소 전략에 집중하는 비트코인 ​​채굴 회사로, CFO 심 살츠먼이 2024년 11월 15일자로 사임할 것이라고 발표했습니다. 살츠먼의 퇴직은 회사 학문이나 재무 문제와 관련이 없습니다. 그는 부드러운 전환을 보장하고 다가오는 제출 마감일을 맞추기 위해 3분기 10-Q 제출까지 자신의 역할을 지속할 것입니다.

CEO 로브 창은 특히 회사를 상장시키는 데 기여한 점에 대해 감사의 뜻을 전했습니다. 그리폰은 후임자를 찾기 위한 절차를 시작할 것이며 적절하게 업데이트를 제공할 것입니다. 살츠먼은 회사의 전략과 미래 전망에 대한 자신감을 언급하며 매끄러운 전환을 위해 최선을 다하겠다고 다짐했습니다.

Gryphon Digital Mining, Inc. (NASDAQ:GRYP), une entreprise de minage de bitcoin axée sur l'énergie renouvelable et une stratégie de carbone négatif, a annoncé que le CFO Sim Salzman quittera son poste à compter du 15 novembre 2024. Le départ de Salzman n'est pas lié à des problèmes financiers ou comptables au sein de l'entreprise. Il continuera dans son rôle jusqu'au dépôt du 10-Q du 3ème trimestre afin de garantir une transition fluide et de respecter les prochaines échéances de dépôt.

Le CEO Rob Chang a exprimé sa gratitude pour les contributions de Salzman, notamment son rôle dans l'introduction en bourse de l'entreprise. Gryphon lancera un processus de recherche pour un successeur et fournira des mises à jour au besoin. Salzman a déclaré avoir confiance dans la stratégie de l'entreprise et ses perspectives d'avenir, s'engageant à assurer une transition sans heurts.

Gryphon Digital Mining, Inc. (NASDAQ:GRYP), ein Bitcoin-Mining-Unternehmen, das sich auf erneuerbare Energien und eine negative Kohlenstoffstrategie konzentriert, hat angekündigt, dass CFO Sim Salzman am 15. November 2024 zurücktreten wird. Salzmans Abgang steht nicht im Zusammenhang mit finanziellen oder buchhalterischen Problemen innerhalb des Unternehmens. Er wird bis zur Einreichung des 10-Q für das 3. Quartal in seiner Rolle bleiben, um einen reibungslosen Übergang zu gewährleisten und die bevorstehenden Fristen einzuhalten.

CEO Rob Chang äußerte Dankbarkeit für Salzmans Beiträge, insbesondere für seine Rolle bei dem Börsengang des Unternehmens. Gryphon wird einen Suchprozess für einen Nachfolger einleiten und gegebenenfalls Updates bereitstellen. Salzman äußerte sein Vertrauen in die Strategie und die zukünftigen Perspektiven des Unternehmens und verpflichtete sich, einen nahtlosen Übergang sicherzustellen.

Positive
  • CFO's departure is not related to any financial statement, internal control, or accounting practice issues
  • Company ensures continuity by having the CFO stay until the 3rd Quarter 10-Q filing
  • Company is initiating a search process for a new CFO, indicating proactive management
Negative
  • Loss of a key executive (CFO) who played an integral role in the company's success
  • Potential disruption in financial leadership during the transition period

LAS VEGAS, NV / ACCESSWIRE / August 2, 2024 / Gryphon Digital Mining, Inc. (NASDAQ:GRYP) ("Gryphon" or the "Company"), a bitcoin mining company that is independently certified to be 100% renewable and pursuing a negative carbon strategy, today announced that Sim Salzman, Chief Financial Officer, will be stepping down from his position effective November 15, 2024 to spend more time with his family and pursue other interests. Gryphon Mining will initiate a search process for a successor.

Mr. Salzman's departure is not related to any issues regarding the Company's financial statements, internal controls, or accounting practices. He will continue in his role through the filing of the 3rd Quarter 10-Q to ensure ample time for a smooth transition and for the Company to continue to meet all upcoming filing deadlines.

"On behalf of the entire Gryphon team, I want to thank Sim for his dedication and many contributions to the Company," said Rob Chang, CEO of Gryphon Digital Mining, Inc. "Sim has played an integral role in our success since joining Gryphon and was instrumental in taking us public. While we will miss his leadership and expertise as we embark on our next phase of growth, we respect his decision and wish him all the best in his future endeavors."

"It has been a privilege to work alongside the talented team and Board of Directors at Gryphon Digital Mining, Inc. and I am proud of all that we have accomplished together," said Mr. Salzman. "I remain confident in the Company's strategy and future prospects. I am committed to ensuring a smooth transition and I am confident the Company is well-positioned for continued success."

The Company will provide additional updates on its new Chief Financial Officer as appropriate.

About Gryphon Digital Mining

Gryphon Digital Mining, Inc. is an innovative venture in the bitcoin space dedicated to helping bring digital assets onto the clean energy grid. With a talented leadership team coming from globally recognized brands, Gryphon is assembling thought leaders to improve digital asset network infrastructure. Its Bitcoin mining operation was recently independently certified as 100% carbon-neutral and the company is also pursuing a carbon-negative strategy. More information is available on https://gryphondigitalmining.com/.

Cautionary Statements Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements are based on management's current expectations and assumptions about future events and financial results and are based on currently available information as to the outcome and timing of future events. The forward-looking statements speak only as of the date of this press release or as of the date they are made. Except as otherwise required by applicable law, Gryphon disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Gryphon cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Gryphon. In addition, Gryphon cautions you that the forward-looking statements contained in this press release are subject to the risks set forth in our filings with the Securities and Exchange Commission (the "SEC"), including the section titled "Risk Factors" in the Annual Report on Form 10-K filed with the SEC by Gryphon on April 1, 2024.

INVESTOR CONTACT:

Name: James Carbonara
Company: Hayden IR
Phone: (646)-755-7412
Email: james@haydenir.com

SOURCE: Gryphon Digital Mining, Inc.



View the original press release on accesswire.com

FAQ

When is Gryphon Digital Mining's CFO Sim Salzman stepping down?

Sim Salzman, CFO of Gryphon Digital Mining (NASDAQ:GRYP), will be stepping down from his position effective November 15, 2024.

Why is Gryphon Digital Mining's CFO leaving the company?

Sim Salzman is stepping down from his CFO position at Gryphon Digital Mining (NASDAQ:GRYP) to spend more time with his family and pursue other interests.

Is the CFO's departure related to any financial issues at Gryphon Digital Mining?

No, Gryphon Digital Mining (NASDAQ:GRYP) stated that Sim Salzman's departure is not related to any issues regarding the company's financial statements, internal controls, or accounting practices.

How long will Sim Salzman continue in his role as CFO at Gryphon Digital Mining?

Sim Salzman will continue in his role as CFO of Gryphon Digital Mining (NASDAQ:GRYP) through the filing of the 3rd Quarter 10-Q to ensure a smooth transition.

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