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Gryphon Digital Mining ( (GRYP) ) has provided an announcement.
On January 27, 2025, Gryphon Digital Mining acquired 1,900 S19JPro series machines from RepairBit LLC for approximately $0.6 million, increasing their mining fleet by 22% to a total of 10,400 machines. This strategic purchase was made at a 20% discount to market rates, enhancing Gryphon’s competitive position in the bitcoin mining sector. Additionally, the company is considering the establishment of a strategic bitcoin reserve to strengthen its balance sheet, reflecting its ongoing commitment to core strategic initiatives and power asset development.
More about Gryphon Digital Mining
Gryphon Digital Mining, Inc. is an innovative venture in the bitcoin and AI space, dedicated to advancing digital asset market infrastructure. The company boasts a leadership team from globally recognized brands, focusing on improving digital asset network infrastructure.
YTD Price Performance: -6.77%
Average Trading Volume: 2,954,808
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $25.67M
For detailed information about GRYP stock, go to TipRanks’ Stock Analysis page.
