Sources Here: GRYP Presentation.
-----
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.
-----
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.
-----
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.
-----
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.
-----
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?
-----
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.
-----
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.)
