On immediate alert this morning is (Nasdaq: GRYP). Here's why.

StockWireNews

(Nasdaq: GRYP) Pops Green Early As Chart Support Could Be Developing Quickly At 2 Key Levels

May 22nd

Greetings Readers,

On immediate alert this morning is (Nasdaq: GRYP). Here's why.

Starting to heat up in pre-market, GRYP has now pushed through the opening bell behind a solid green surge and it may just be getting started.

According to GRYP's 6-month chart, it could now be developing strong support at 2 key levels in its 50-Day Simple Moving Average (SMA) and its 13-Day Exponential Moving Average (EMA)

With a 200-Day SMA way off in the distance (approx. $4.58), GRYP may have a ton of potential upside until it runs into any sort of real resistance.

It also doesn't hurt that at least one analyst is pointing to a target of $3.37, suggesting upside potential around 100% higher from current levels.

Plus, with a relatively low float of roughly 31.58Mn shares, volatility could flood into this profile in a split-second just like we saw happen back on March 11th when GRYP ran $.81 intraday (a move of 45%).

Will that happen again today? Nothing is certain. That said, GRYP did run approximately 20% short term last time we profiled it.

Could another strong surge be right around the corner as the cryp-to markets continue to heat up?

Take a moment to review my (Nasdaq: GRYP) report below and don't hesitate much longer to get it front and center today.

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What a wild Tuesday morning...

Alerted around 8:45AM EST, my most recent breakout idea took full advantage of a pre-market pullback in the best way possible.

Running from an approximately pre-market low of $1.59, that Nasdaq profile shot to a high of $2.33 after the bell.

That move resulted in an approximate surge of 46%. Not too shabby!

But now it's time to lock in on another past champ and Nasdaq breakout idea in need of major attention.

When I brought this profile to your attention previously, it went on to put together a solid short term run of approximately 20% after surging from an April 30th open of $1.50 to a May 13th high of $1.80.

And right now it looks like it could be geared up for even more breakout buzz as huge news throughout 2024 may start attracting Wall Street's interest in a huge way.

In fact, at least one analyst target is suggesting a potential upside over 100% from current levels at close on Tuesday.

With a relatively low float, the potential for volatility will also need to be watched carefully at all times especially with the price of Bit-coin hovering around all time highs.

Drop what you're doing and pull up:

*Gryphon Digital Mining, Inc. (GRYP)*

Gryphon Digital Mining, Inc. is an innovative venture in the bit-coin 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 bit-coin mining operation was recently independently certified as 100% carbon-neutral and the company is also pursuing a carbon-negative strategy.

And based on these potential catalysts, GRYP could become a breakout target in the near term. Take a look:

No. 1: April Operational Highlights Suggest Gryphon Could Be Gearing Up For A Major 2nd Half To 2024.

No. 2: GRYP Becomes First Miner To Publish ESG Info To Date In Industry Leading Move.

No. 3: A Strong Analyst Target Suggests Over 100+% Potential Upside From Current Chart Levels.

No. 4: Following Critical Merger, GRYP's Exposure Could Skyrocket After Recent Addition To The Nasdaq.

No. 5: A Float On The Low Side Could Lead To A Potentially Volatile Scenario At Any Given Moment.

But more on those in a second...

GRYP's Key Success Factor: Certified Renewable

Independently verified certification based on clean energy use

Certified 100% renewable energy operation heading into 2024.

Gryphon Digital Mining was among a select inaugural group of 5 miners to be awarded a “Green Proofs for Bit-coin” certification.

Certifications were issued to Bit-coin miners based on their clean energy use and contributions to grid stability via demand response.

Developed in partnership with over 35 miners, NGOs, grid operators, and other energy and cryp-to market participants, its approach to scoring is aligned with best practices for sustainability leadership and to approaches to corporate ESG reporting.

Full carbon emissions report published for 2022 and 2023.

Substantial Growth In Just Over 3 Short Years

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Creating An Industry Leader In Bit-coin Mining

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Sources Here: GRYP Presentation.

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And as I mentioned above, GRYP has several potential breakout catalysts to focus on right now. Check them out:

No. 1: April Operational Highlights Suggest Gryphon Could Be Gearing Up For A Major 2nd Half To 2024.

Gryphon Digital Mining Announces April Operational Update

Machine Upgrades Lead to New Company All-Time Bests in Hashing Power and Efficiency

LAS VEGAS, NV / ACCESSWIRE / May 6, 2024 / Gryphon Digital Mining, Inc. (NASDAQ:GRYP) ("Gryphon" or the "Company"), ..., has released its unaudited operational update for April 2024.

Key highlights for the month:

  • Produced approximately 40 bit-coin
  • Approximately $2.6Mn in value based on an average April bit-coin price of $66+k
  • Production of 1.33 B-T-C/day on average, or about $88+k/day
  • Achieved bit-coin efficiency of 43 B-T-C/EH
  • New Company record average self-mining hashing power of 914 PH/s in April
  • Machine upgrade program completed with the installation of Bitmain S21 200 TH/s machines
  • 21 bit-coin in treasury as of April 30, 2024
  • Average machine efficiency improved to 28.7 J/T in April
  • Scope 1 and Scope 21 operations continue to be 100% electrified by zero-carbon emitting Hydro power

"April signified the beginning of our post go-public improvement program as we ordered and installed a batch of state-of-the-art Bitmain S21 200 TH/s machines to upgrade our mining fleet. The result of this effort was a new Company all-time high in average hashing power at 914 PH/s as well as a new Company all-time best in average mining efficiency at 28.7 J/T as our new machines are currently tracking to be 43% more efficient than the machines they replaced," noted Rob Chang, CEO of Gryphon. "For the month, we earned bit-coin valued at approximately $2.6Mn based on an average bit-coin price of $66+k, which includes record setting days when bit-coin mining transaction fees were particularly valuable."

...

Read the full article here.

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No. 2: GRYP Becomes First Miner To Publish ESG Info To Date In Industry Leading Move.

Gryphon Digital Mining Publishes Carbon Emissions Assessment Proving its 100% Renewable Status

Gryphon Becomes First Miner to Publish its ESG data, leading the industry in transparency and environmental responsibility

LAS VEGAS, NV / ACCESSWIRE / March 25, 2024 / Gryphon Digital Mining, Inc. (Nasdaq:GRYP) ("Gryphon" or the "Company") is taking a bold step in ESG leadership by publishing its carbon emissions data publicly. Today's release of the full report (available here), which includes two annual carbon emissions assessments undertaken by CarbonChain, is the first time a bit-coin mining company has provided a granular accounting of its company's carbon footprint. Gryphon uses CarbonChain for third-party measurement annually, and recently proved that it is using 100% renewable energy. Gryphon believes that transparency is what will drive the industry forward for achievement of climate goals and responsible corporate decision making.

...

"Championing transparency is a core value of bit-coin and block-chain technology, and something that should be standard for digital asset companies as bit-coin achieves global adoption. Showing by doing has always been the best way to counter false claims about bit-coin mining's negative impact. If we want support from legislators and the press, the industry needs to step up and use decentralized technologies to transparently prove and verify data on chain - the way it was intended," said Brittany Kaiser, Chair of the Board of Gryphon Digital Mining.

...

Read the full article here.

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No. 3: A Strong Analyst Target Suggests Over 100+% Potential Upside From Current Chart Levels.

The subject says it.

Recently, GRYP was tagged with an analyst target of $3.37 from Alpha Transform Holdings.

With a target of that size, GRYP could be eyeing upside potential of 100+% from its closing valuation on Tuesday.

Key highlights:

  • Gryphon Digital Mining is well-positioned to outperform less efficient public miners going into the Bit-coin halving this year and can now utilize the public capital markets for its M&A strategy and rely on its seasoned leadership team that has managed through multiple Bit-coin cycles in the past to execute sustainable growth.
  • The asset-light model that Gryphon Digital utilizes will enhance its flexibility and enable the company to respond to new developments in the digital asset ecosystem unlike other bigger miners in the space.

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No. 4: Following Critical Merger, GRYP's Exposure Could Skyrocket After Recent Addition To The Nasdaq.

Gryphon Digital Mining Debuts on Nasdaq

Delivering a Bit-coin Miner with a pedigreed team, ESG focus, and market leading operational efficiencies

LAS VEGAS, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Gryphon Digital Mining, Inc. (“Gryphon” or the “Company”), is proud to announce its Nasdaq debut under the ticker symbol “GRYP” following its merger with Akerna Corp. Gryphon’s mission is to create a leading carbon-negative bit-coin miner and build upon its industry leading operational performance and pedigreed management team.

...

We are thrilled to begin trading on the Nasdaq and to bring our history of operational performance to the market,noted Rob Chang, CEO, President, and Director of Gryphon.Combined with our carbon negative strategy, we believe we are bringing a bit-coin miner to the market that has blue chip execution with an ESG focus. Now that Gryphon is listed on the Nasdaq, we look forward to the opp. to aggressively expand the company organically through machine purchases and through M&A opp's while maintaining our tradition of capital efficient decision making.

Read the full article here.

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No. 5: A Float On The Low Side Could Lead To A Potentially Volatile Scenario At Any Given Moment.

According to the Yahoo Finance website, GRYP has a relatively low(ish) float.

The website reports this profile to have approximately 31.58Mn shares in its float.

Why is that important? It's important on one crucial level. Volatility.

Could more positive company news in mid-2024 provide a near term spark?

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GRYP Recap - These Critical Potential Catalysts Could Provide A Near Term Spark

No. 1: April Operational Highlights Suggest Gryphon Could Be Gearing Up For A Major 2nd Half To 2024.

No. 2: GRYP Becomes First Miner To Publish ESG Info To Date In Industry Leading Move.

No. 3: A Strong Analyst Target Suggests Over 100+% Potential Upside From Current Chart Levels.

No. 4: Following Critical Merger, GRYP's Exposure Could Skyrocket After Recent Addition To The Nasdaq.

No. 5: A Float On The Low Side Could Lead To A Potentially Volatile Scenario At Any Given Moment.

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Coverage is officially reinitiated on Gryphon Digital Mining, Inc. (GRYP).

I'll be back in touch with updates as the day moves forward. Talk again shortly.

Sincerely,

Kai Parker

StockWireNews


(Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.)

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