Gryphon Digital Mining Announces Sim Salzman to Continue as Chief Financial Officer
Gryphon Digital Mining (Nasdaq:GRYP) has announced that Sim Salzman will continue as Chief Financial Officer. This decision follows recent management changes, including the appointment of Steve Gutterman as CEO and Jimmy Vaipoulos as Chairman. The company emphasizes its four-pillar strategy to maximize shareholder value, focusing on growth, margin enhancement, robust capital structure, and a high-performance management team.
Salzman, who joined Gryphon in June 2023, brings over 20 years of experience in public and private accounting across various industries. His previous role as CFO at Marathon Digital Holdings saw significant market capitalization growth and successful capital investments. Salzman's continued commitment is seen as a testament to Gryphon's potential and strategic direction in the bitcoin mining industry.
Gryphon Digital Mining (Nasdaq:GRYP) ha annunciato che Sim Salzman continuerà a ricoprire il ruolo di Chief Financial Officer. Questa decisione è avvenuta dopo recenti cambiamenti nella direzione, tra cui la nomina di Steve Gutterman come CEO e di Jimmy Vaipoulos come Presidente. L'azienda sottolinea la sua strategia basata su quattro pilastri per massimizzare il valore per gli azionisti, concentrandosi su crescita, miglioramento dei margini, una solida struttura di capitale e un team di gestione ad alte prestazioni.
Salzman, che è entrato a far parte di Gryphon nel giugno 2023, porta con sé oltre 20 anni di esperienza nella contabilità pubblica e privata in vari settori. Nel suo precedente ruolo di CFO presso Marathon Digital Holdings ha assistito a una significativa crescita della capitalizzazione di mercato e a investimenti di capitale di successo. L'impegno continuato di Salzman è visto come una testimonianza del potenziale e della direzione strategica di Gryphon nell'industria del mining di bitcoin.
Gryphon Digital Mining (Nasdaq:GRYP) ha anunciado que Sim Salzman continuará como Director Financiero. Esta decisión sigue a recientes cambios en la dirección, incluyendo el nombramiento de Steve Gutterman como CEO y Jimmy Vaipoulos como Presidente. La compañía enfatiza su estrategia de cuatro pilares para maximizar el valor para los accionistas, enfocándose en crecimiento, mejora de márgenes, una estructura de capital sólida y un equipo de gestión de alto rendimiento.
Salzman, quien se unió a Gryphon en junio de 2023, aporta más de 20 años de experiencia en contabilidad pública y privada en diversas industrias. En su rol anterior como CFO en Marathon Digital Holdings, se observó un crecimiento significativo de la capitalización de mercado y exitosas inversiones de capital. El compromiso continuo de Salzman se considera un testimonio del potencial y la dirección estratégica de Gryphon en la industria de la minería de bitcoin.
그리폰 디지털 마이닝(Nasdaq:GRYP)은 심 살즈먼이 CFO로 계속 재직할 것임을 발표했습니다. 이 결정은 스티브 거터맨을 CEO로, 지미 바이풀로스를 의장으로 임명하는 등 최근 경영 변화에 따른 것입니다. 회사는 성장, 마진 향상, 견고한 자본 구조 및 고성능 관리 팀에 중점을 두고 주주 가치를 극대화하기 위한 네 가지 기둥 전략을 강조합니다.
2023년 6월 그리폰에 합류한 살즈먼은 다양한 산업 분야에서 공공 및 민간 회계 분야에서 20년 이상의 경험을 쌓아왔습니다. 마라톤 디지털 홀딩스의 CFO로 일할 당시 그는 시장 자본화의 상당한 성장과 성공적인 자본 투자를 경험했습니다. 살즈먼의 지속적인 헌신은 비트코인 채굴 산업에서 그리폰의 잠재력과 전략적 방향성을 나타내는 증거로 여겨집니다.
Gryphon Digital Mining (Nasdaq:GRYP) a annoncé que Sim Salzman continuera en tant que Directeur Financier. Cette décision fait suite à des changements récents dans la direction, y compris la nomination de Steve Gutterman en tant que PDG et de Jimmy Vaipoulos en tant que Président. La société souligne sa stratégie en quatre piliers pour maximiser la valeur pour les actionnaires, en mettant l'accent sur la croissance, l'amélioration des marges, une structure de capital robuste et une équipe de gestion performante.
Salzman, qui a rejoint Gryphon en juin 2023, apporte plus de 20 ans d'expérience dans la comptabilité publique et privée à travers diverses industries. Son rôle précédent en tant que CFO chez Marathon Digital Holdings a vu une croissance significative de la capitalisation boursière et des investissements de capital réussis. L'engagement continu de Salzman est perçu comme un témoignage du potentiel de Gryphon et de sa direction stratégique dans l'industrie du minage de bitcoin.
Gryphon Digital Mining (Nasdaq:GRYP) hat angekündigt, dass Sim Salzman weiterhin als Chief Financial Officer tätig sein wird. Diese Entscheidung folgt auf kürzliche Veränderungen im Management, darunter die Ernennung von Steve Gutterman zum CEO und Jimmy Vaipoulos zum Vorsitzenden. Das Unternehmen betont seine Strategie mit vier Säulen zur Maximierung des Aktionärswertes, wobei der Fokus auf Wachstum, Margenverbesserung, robuster Kapitalstruktur und einem leistungsstarken Managementteam liegt.
Salzman, der im Juni 2023 zu Gryphon kam, bringt über 20 Jahre Erfahrung in der öffentlichen und privaten Buchhaltung in verschiedenen Branchen mit. In seiner vorherigen Rolle als CFO bei Marathon Digital Holdings erlebte er ein signifikantes Wachstum der Marktkapitalisierung und erfolgreiche Kapitalinvestitionen. Salzmans fortgesetztes Engagement wird als Beweis für Gryphons Potenzial und strategische Ausrichtung in der Bitcoin-Mining-Industrie angesehen.
- Retention of experienced CFO Sim Salzman, providing continuity in financial leadership
- Implementation of a four-pillar strategy aimed at maximizing shareholder value
- Recent strengthening of management team and board with new CEO and Chairman appointments
- CFO's extensive experience in cryptocurrency and public company management
- None.
LAS VEGAS, NV / ACCESSWIRE / September 27, 2024 / Gryphon Digital Mining, Inc. (Nasdaq:GRYP) ("Gryphon" or the "Company") a bitcoin mining company that is focused on becoming the leader in low-cost, environmentally sustainable operations, that Sim Salzman will continue in his role as Chief Financial Officer. Sim's decision to remain with Gryphon follows the company's recent efforts to bolster its management team and board, which included appointing Steve Gutterman as CEO and Jimmy Vaipoulos as Chairman.
"I am thrilled that Sim has decided to stay on as CFO," said Steve Gutterman, CEO of Gryphon Digital Mining. "His experience and leadership are great assets that will contribute to Gryphon's success. Sim recognizes the exciting path forward for our company, and we're delighted he will continue to be part of our journey."
The Company believes that Sim's continued commitment to Gryphon is a testament to the Gryphon's unwavering focus on its four-pillar strategy designed to maximize shareholder value:
1. Pursuing a dual-pronged growth strategy, targeting both organic revenue expansion and strategic M&A opportunities
2. Leveraging its competitive advantage in energy costs to drive margin enhancement
3. Maintaining a robust capital structure and balance sheet to support growth initiatives
4. Cultivating a high-performance management team to execute its strategic vision
"I am excited and inspired by the recent additions of operational expertise to Gryphon's management team and board," said Sim Salzman, CFO of Gryphon Digital Mining. "These strategic appointments have strengthened the Company's foundation while adding to Gryphon's execution capabilities. I'm deeply committed to the success of the Company and confident working with Steve, Jimmy, and the entire Gryphon team will position us to capitalize on the significant opportunities ahead."
Sim Salzman has served as Gryphon's Chief Financial Officer since the closing of the business combination with Akerna Corp. and joined Legacy Gryphon's management team as the Chief Financial Officer on June 19, 2023. Mr. Salzman is a results-oriented Chief Financial Officer with over 20 years of experience in public and private accounting across diverse industries including cryptocurrency, hospitality, retail, food and beverage, gaming, non-profit, construction, real estate, and low-income housing.
From late 2020 to March 2023, Mr. Salzman served as the Chief Financial Officer and Chief Accounting Officer for Marathon Digital Holdings, Inc., a digital asset technology company. During his tenure, the company experienced significant market capitalization growth. In addition, he was an integral part of the negotiations with major investment firms and was able to secure substantial capital investments utilizing debt and equity offerings. In that role, he implemented a new accounting system, streamlined financial processes, improved reporting accuracy, led financial forecasting and budgeting efforts, built a high-performing financial team, and collaborated with senior management to align financial goals with business objectives while raising liquidity to meet the daily operational needs.
Sim also served as the Chief Financial Officer of a media and hospitality organization, leading a successful corporate restructuring. Mr. Salzman holds dual degrees with a Bachelor of Science in Accounting and a Bachelor of Arts in Criminal Justice & Criminology from the University of Maryland, College Park. He is also a Certified Public Accountant.
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About Gryphon Digital Mining
Gryphon Digital Mining, Inc. is an innovative venture in the bitcoin space dedicated to helping bring digital assets onto an environmentally responsible 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 in the northeastern US was recently independently certified as
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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.
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SOURCE: Gryphon Digital Mining, Inc.
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