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Gryphon Digital Mining ( (GRYP) ) has issued an announcement.
On May 9, 2025, Gryphon Digital Mining entered into a merger agreement with American Bitcoin Corp. (ABTC), which is expected to close in early September 2025. This merger will result in Gryphon acquiring ABTC in a stock-for-stock transaction, with ABTC shareholders receiving a significant majority of the newly issued Gryphon stock. The merger aims to enhance Gryphon’s market position by expanding its Bitcoin mining capabilities and reserves. In the months leading up to the merger, ABTC has been actively expanding its Bitcoin reserves and mining operations, including a substantial purchase of Bitcoin miners from Bitmain Georgia. The merger is anticipated to have significant implications for Gryphon’s operations and market presence, potentially impacting stakeholders and the broader digital mining industry.
The most recent analyst rating on (GRYP) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Gryphon Digital Mining stock, see the GRYP Stock Forecast page.
Spark’s Take on GRYP Stock
According to Spark, TipRanks’ AI Analyst, GRYP is a Neutral.
Gryphon Digital Mining’s overall stock score reflects a mix of strong technical momentum and positive corporate events, offset by significant financial challenges and a weak valuation. The company’s recent merger and Nasdaq compliance are key positives, but ongoing financial instability remains a major concern.
To see Spark’s full report on GRYP stock, click here.
More about Gryphon Digital Mining
Gryphon Digital Mining, Inc. is a company involved in digital mining, focusing on Bitcoin mining operations. The company is engaged in a merger with American Bitcoin Corp., which is a purpose-built Bitcoin accumulation vehicle aiming to expand its Bitcoin reserves through efficient mining and strategic investments.
Average Trading Volume: 8,355,644
Technical Sentiment Signal: Sell
Current Market Cap: $127.5M
See more insights into GRYP stock on TipRanks’ Stock Analysis page.