Gryphon Digital Mining ( (GRYP) ) has issued an announcement.
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Gryphon Digital Mining has restructured its $18 million debt with Anchorage Digital, converting $13 million into equity and pre-funded warrants at a significant premium, and refinancing $5 million over three years at 4.25% interest. This strategic move, reducing their debt by over 70%, positions Gryphon for future growth with Anchorage becoming their largest shareholder and joining their board. The restructuring aims to enhance shareholder equity and is seen as a vote of confidence in Gryphon’s value by a sophisticated investor.
Learn more about GRYP stock on TipRanks’ Stock Analysis page.
