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Gryphon Digital Mining (GRYP)
NASDAQ:GRYP
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.16Last Year’s EPS
-0.36Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 31, 2025
|% Change Since: -11.76%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a strategic pivot from Bitcoin mining to power generation for HPC and AI data centers, highlighted by the significant Captus acquisition. While the company has improved its financial position through debt restructuring and strategic shifts, increased breakeven costs and a notable net loss pose challenges.Company Guidance
During the Gryphon Digital Mining earnings call for the fourth quarter and full year 2024, the company outlined several key metrics and strategic shifts. Gryphon mined 334 Bitcoins in 2024, generating approximately $20.5 million in revenue, compared to 740 Bitcoins and $21.1 million in revenue in 2023. The breakeven cost per Bitcoin rose to $47,359 due to a halving event and a 66% increase in global hash rate. The adjusted EBITDA for 2024 was negative $5.5 million, impacted by $6 million in legal and marketing fees, a significant increase from $94,000 in 2023. A transformative debt restructuring with Anchorage Digital reduced liabilities by $13 million, and the company's cash and cash equivalents increased to $735,000 by year-end. Gryphon announced an acquisition agreement with Captus, aiming to develop up to 4 gigawatts of power for high-performance computing and AI infrastructure. The company plans to bring the first 130 megawatts online in 2026, emphasizing its strategic shift towards power generation and sustainable computing infrastructure.Debt Restructuring with Anchorage Digital
The company converted $13 million of debt to equity at a premium to stock price, significantly improving cash flow by reducing monthly interest payments and making Anchorage the largest shareholder.
Strategic Shift Towards Power Generation
The company announced a shift in focus from Bitcoin mining to developing world-class power assets for HPC and AI data centers, with a definitive agreement to acquire Captus, potentially providing up to 4 gigawatts of power.
Improved Financial Position
The company increased cash and cash equivalents from $368,000 to $735,000, reduced liabilities by approximately $13 million, and improved shareholder equity from a deficit of $18.9 million to $7 million.
Captus Acquisition
The acquisition of Captus is expected to position the company as one of the largest HPC and AI computing infrastructure providers with access to abundant natural gas and on-site carbon sequestration.
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GRYP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GRYP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 31, 2025 | $0.17 | $0.16 | -5.88% |
| Nov 13, 2024 | $0.76 | $0.68 | -10.53% |
| Aug 14, 2024 | $0.73 | $0.72 | -1.37% |
| May 13, 2024 | $1.65 | $1.64 | -0.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Gryphon Digital Mining (GRYP) report earnings?
Gryphon Digital Mining (GRYP) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is Gryphon Digital Mining (GRYP) earnings time?
Gryphon Digital Mining (GRYP) earnings time is at May 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GRYP EPS forecast?
GRYP EPS forecast for the fiscal quarter 2025 (Q1) is -0.16.
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