Gryphon Digital Mining Raises $2.85M for Expansion

Gryphon Digital Mining ( (GRYP) ) has shared an announcement.

On January 14, 2025, Gryphon Digital Mining announced a non-brokered common stock offering executed on January 13, 2025, raising approximately $2.85 million. The offering, which saw full participation from the management team and majority board members, reflects strong internal confidence in the company’s strategic direction. This capital raise aims to fund Gryphon’s expansion projects, including agreements for scalable HPC/AI assets in Alberta and natural gas assets in British Columbia. The initiative marks a strategic move to maximize shareholder value while preparing for significant growth in the bitcoin and AI markets.

More about Gryphon Digital Mining

Gryphon Digital Mining, Inc. operates in the bitcoin and AI sectors, focusing on the development and market introduction of digital assets. The company is positioned as an innovative entity with an experienced leadership team drawn from globally recognized brands, aiming to enhance digital asset network infrastructure.

YTD Price Performance: -0.75%

Average Trading Volume: 2,633,489

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $23.4M

For detailed information about GRYP stock, go to TipRanks’ Stock Analysis page.