Gryphon Digital Mining Announces Strategic Bitcoin Reserve Initiative
Gryphon Digital Mining (NASDAQ:GRYP) has announced the establishment of a strategic Bitcoin reserve program as part of its capital strategy. This initiative follows recent transformative agreements, including the restructuring of $18.0 million in Bitcoin debt, with $13.0 million converted to equity at $1.10 per share, reducing the debt to $5.0 million. As part of this restructuring, Anchorage Digital has become the largest shareholder and gained board representation.
The company has also secured a definitive agreement for an HPC/AI asset in Alberta that is scalable to 4GW, announced on January 10, 2025. CEO Steve Gutterman emphasized the company's focus on closing the Captus transaction and views the Bitcoin reserve initiative as a strategic move to strengthen the balance sheet.
Gryphon Digital Mining (NASDAQ:GRYP) ha annunciato l'istituzione di un programma strategico di riserva di Bitcoin come parte della sua strategia di capitale. Questa iniziativa segue recenti accordi trasformativi, inclusa la ristrutturazione di $18,0 milioni di debito in Bitcoin, con $13,0 milioni convertiti in capitale a $1,10 per azione, riducendo il debito a $5,0 milioni. Come parte di questa ristrutturazione, Anchorage Digital è diventata il maggiore azionista e ha ottenuto rappresentanza nel consiglio di amministrazione.
L'azienda ha anche assicurato un accordo definitivo per un asset HPC/AI in Alberta, scalabile fino a 4GW, annunciato il 10 gennaio 2025. Il CEO Steve Gutterman ha sottolineato l'importanza di chiudere la transazione Captus e considera l'iniziativa di riserva di Bitcoin come una mossa strategica per rafforzare il bilancio.
Gryphon Digital Mining (NASDAQ:GRYP) ha anunciado el establecimiento de un programa estratégico de reserva de Bitcoin como parte de su estrategia de capital. Esta iniciativa sigue a recientes acuerdos transformadores, incluida la reestructuración de $18,0 millones en deuda de Bitcoin, con $13,0 millones convertidos en capital a $1,10 por acción, reduciendo la deuda a $5,0 millones. Como parte de esta reestructuración, Anchorage Digital se ha convertido en el mayor accionista y ha ganado representación en la junta directiva.
La compañía también ha asegurado un acuerdo definitivo para un activo HPC/AI en Alberta que es escalable hasta 4GW, anunciado el 10 de enero de 2025. El CEO Steve Gutterman enfatizó el enfoque de la compañía en cerrar la transacción Captus y considera la iniciativa de reserva de Bitcoin como un movimiento estratégico para fortalecer el balance.
그리폰 디지털 마이닝 (NASDAQ:GRYP)이 자본 전략의 일환으로 비트코인 예비 프로그램을 수립한다고 발표했습니다. 이 이니셔티브는 $18.0 백만 달러의 비트코인 부채 구조조정을 포함한 최근의 혁신적인 계약에 이어진 것으로, $13.0 백만 달러가 주당 $1.10의 지분으로 전환되어 부채가 $5.0 백만 달러로 줄어들었습니다. 이 구조조정의 일환으로 앵커리지 디지털이 최대 주주가 되고 이사회에서의 대표권을 확보했습니다.
회사는 또한 2025년 1월 10일에 발표된 4GW로 확장 가능한 알버타의 HPC/AI 자산에 대한 확정 계약을 확보했습니다. CEO 스티브 구터맨은 캡투스 거래를 마무리하는 데 집중하고 있으며 비트코인 예비 프로그램을 재무 상태를 강화하기 위한 전략적 움직임으로 보고 있습니다.
Gryphon Digital Mining (NASDAQ:GRYP) a annoncé la mise en place d'un programme stratégique de réserve de Bitcoin dans le cadre de sa stratégie de capital. Cette initiative fait suite à des accords transformateurs récents, y compris la restructuration de 18,0 millions de dollars de dette en Bitcoin, avec 13,0 millions de dollars convertis en actions à 1,10 dollar par action, réduisant la dette à 5,0 millions de dollars. Dans le cadre de cette restructuration, Anchorage Digital est devenue le principal actionnaire et a obtenu une représentation au conseil d'administration.
L'entreprise a également sécurisé un accord définitif pour un actif HPC/AI en Alberta, évolutif jusqu'à 4GW, annoncé le 10 janvier 2025. Le PDG Steve Gutterman a souligné l'importance de clôturer la transaction Captus et considère l'initiative de réserve de Bitcoin comme un mouvement stratégique pour renforcer le bilan.
Gryphon Digital Mining (NASDAQ:GRYP) hat die Einrichtung eines strategischen Bitcoin-Reserveprogramms im Rahmen seiner Kapitalstrategie angekündigt. Diese Initiative folgt auf kürzlich transformative Vereinbarungen, einschließlich der Umstrukturierung von 18,0 Millionen Dollar an Bitcoin-Schulden, wobei 13,0 Millionen Dollar in Eigenkapital zu 1,10 Dollar pro Aktie umgewandelt wurden, wodurch die Schulden auf 5,0 Millionen Dollar reduziert wurden. Im Rahmen dieser Umstrukturierung ist Anchorage Digital der größte Aktionär geworden und hat einen Platz im Vorstand erhalten.
Das Unternehmen hat außerdem ein endgültiges Abkommen für einen HPC/AI-Vermögenswert in Alberta gesichert, der auf 4GW skalierbar ist und am 10. Januar 2025 angekündigt wurde. CEO Steve Gutterman betonte den Fokus des Unternehmens auf den Abschluss der Captus-Transaktion und sieht die Bitcoin-Reserve-Initiative als strategischen Schritt zur Stärkung der Bilanz.
- Debt restructuring reduced Bitcoin-backed debt from $18M to $5M
- Strategic partnership with Anchorage Digital as largest shareholder
- Secured scalable 4GW HPC/AI asset in Alberta
- Significant share dilution from $13M debt-to-equity conversion at $1.10/share
Insights
The announced Bitcoin reserve program, coupled with major debt restructuring and strategic acquisitions, marks a pivotal transformation for Gryphon Digital Mining. The conversion of
The debt restructuring brings three critical advantages:
- Reduction of debt burden by
72% from$18 million to$5 million - Improved balance sheet flexibility for the planned 4GW HPC/AI facility in Alberta
- Strategic alignment with Anchorage Digital, potentially opening doors to institutional partnerships
The timing of this Bitcoin reserve initiative is particularly strategic, coinciding with growing institutional interest in Bitcoin and the potential approval of spot ETFs. The company's dual focus on Bitcoin reserves and AI infrastructure positions it uniquely in the market - while most competitors focus solely on mining operations, Gryphon is building a more diversified digital asset infrastructure play.
The 4GW scalable HPC/AI asset acquisition in Alberta could provide significant revenue diversification, potentially reducing dependency on Bitcoin mining economics while capitalizing on the growing demand for AI computing power. This positions Gryphon at the intersection of two high-growth markets: cryptocurrency and artificial intelligence infrastructure.
LAS VEGAS, NV / ACCESS Newswire / January 31, 2025 / Gryphon Digital Mining, Inc. (Nasdaq:GRYP) ("Gryphon" or the "Company"), an innovative venture in the bitcoin and AI space dedicated to helping bring digital assets to the market, today announced that the Company has authorized the establishment of a strategic Bitcoin reserve program as part of its comprehensive capital strategy.
The initiative follows Gryphon's recent transformative definitive agreements to strengthen the balance sheet and acquire major assets, including:
"We are laser focused on closing our Captus transaction and growing the business. Establishing a strategic Bitcoin reserve is a natural way for us to strengthen our balance sheet to make this happen," said Steve Gutterman, Chief Executive Officer. "We view this as an opportune time to implement this strategy, particularly given what we believe to be a significant disconnect between our fundamental value and current market valuation."
About Gryphon Digital Mining
Gryphon Digital Mining, Inc. is an innovative venture in the bitcoin and AI space dedicated to helping bring digital assets to the market. With a talented leadership team coming from globally recognized brands, Gryphon has assembled thought leaders to improve digital asset network infrastructure. 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. Forward-looking statements may include, for example, statements about the Company's ability to use the new mining machines at the expected price and computing capacity, close the acquisition with Captus Energy; the total consideration for the acquisition; the ability of the assets acquired or to be acquired to produce energy at both the cost and the volume anticipated; the results of diligence reviews; the engagement, and the results of such engagement, with regulatory bodies, First Nations, local stakeholders and northern communities; green initiatives; plans to expand the Company's business to include AI and high performance computing; the creation of a strategic Bitcoin reserve, the funding for such a reserve, the impact of such a reserve on the balance sheet of the Company, the future financial performance of the Company; changes in the Company's strategy and future operations; financial position; estimated revenues and losses; projected costs; prospects, plans and objectives of management; and future acquisition activity.
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, as updated by the Company's subsequent filings.
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 ACCESS Newswire
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