Gryphon Digital Mining (GRYP) AI Stock Analysis

• Market Cap: $74.73M
• Dividend Yield: N/A
• Average Volume (3M): 24.43M
• Price to Earnings (P/E): ―
• Beta (1Y): 4.33
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 3
• Sector: Healthcare
• Sector Strength: 58
• Industry: Financial - Capital Markets
• EPS (TTM): N/A
• Shares Outstanding: 72,557,720
• 10 Day Avg. Volume: 5,127,975
• 30 Day Avg. Volume: 24,431,331
• PEG Ratio: -0.06
• Price to Book (P/B): -59.48
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -18.79
• Enterprise Value/Market Cap: 3.93
• Enterprise Value/Revenue: 3.71
• Enterprise Value/Gross Profit: 60.96
• Enterprise Value/Ebitda: -7.28
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 44 Neutral
• Price Target: $1.00 ▲(6.38%Upside)

Gryphon Digital Mining's overall stock score reflects its challenging financial performance, characterized by ongoing losses and negative equity. Despite strategic shifts and corporate developments, such as a merger and improved Nasdaq compliance, the financial foundation remains weak. Technical indicators and valuation metrics also signal caution, with mixed momentum and unattractive valuation ratios.

Positive Factors

Asset Development

American Bitcoin's scale and access to capital provide a greater chance of successfully developing Gryphon's assets.

Partnerships and Collaborations

The partnership with American Bitcoin, led by a CEO with a strong background at Hut, presents a promising opportunity for Gryphon.

Strategic Direction

Gryphon's management is making a strategic change of direction to address the high-performance compute (HPC) market.

Negative Factors

Financial Performance

Gryphon Digital Mining reported its full-year 2024 sales of $20.5M, down from 2023's $21.1M on declining bitcoin mining economics.

Speculative Risks

Despite the promising link-up with American Bitcoin, Gryphon still faces high speculative risks due to its exposure to volatile cryptocurrencies and the lack of signed HPC deals.

Valuation Uncertainty

There remains uncertainty about Gryphon's valuation due to multiple contributing factors, making it challenging to decide on changing the current investment stance.

Gryphon Digital Mining Business Overview & Revenue Model

Company Description

Gryphon Digital Mining, Inc. engages in carbon-neutral bitcoin mining. Gryphon Digital Mining, Inc. was formerly known as Ivy Crypto, Inc. The company was incorporated in 2020 and is based in Las Vegas, Nevada.

How the Company Makes Money

Gryphon Digital Mining makes money through the process of mining Bitcoin, which involves solving complex mathematical problems to validate transactions on the Bitcoin network. In return for this computational work, the company earns Bitcoin as a reward, which can then be held as an asset or sold on the cryptocurrency market for revenue. Additionally, Gryphon's focus on using renewable energy can potentially reduce operational costs, thereby improving profit margins. The company may also engage in strategic partnerships, leveraging technology or energy solutions to enhance its mining capabilities and operational efficiency.

Gryphon Digital Mining Financial Statement Overview

Summary

Gryphon Digital Mining faces significant financial challenges. Despite revenue growth, profitability metrics are weak with negative EBIT and EBITDA margins. The balance sheet is precarious with negative equity, and while cash flow has improved, it remains negative overall.

Income Statement

Gryphon Digital Mining has experienced volatility in revenue and profitability. The revenue growth from 2023 to 2024 was significant, but the company has struggled to maintain consistent gross profit margins. Both EBIT and EBITDA margins are negative, indicating operational challenges. The net profit margin remains negative, highlighting ongoing financial difficulties.

Balance Sheet

The company's balance sheet shows signs of instability, with negative stockholders' equity indicating a potential risk of insolvency. The absence of debt in 2024 suggests a reduction in leverage, but the negative equity position raises concerns about financial health. The equity ratio is negative, underscoring the precarious financial position.

Cash Flow

Gryphon Digital Mining's cash flow statement reflects some positive changes, such as a significant increase in operating cash flow in 2024. However, free cash flow remains negative, and the company has faced challenges in generating consistent cash flows. The operating cash flow to net income ratio indicates substantial cash flow relative to net losses, suggesting potential for improvement.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
14.61M	20.54M	6.84M	10.46M	17.63M	15.65M
	Gross Profit
4.82M	4.72M	-6.63M	1.12M	5.02M	5.35M
	EBIT
-19.95M	-17.75M	-4.49M	-16.05M	-15.89M	-17.50M
	EBITDA
-6.25M	-9.21M	-7.45M	-41.70M	-19.92M	-29.50M
	Net Income Common Stockholders
-15.84M	-21.30M	-11.79M	-79.06M	-31.33M	-33.91M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
367.00K	850.00K	1.32M	7.88M	13.09M	18.34M
	Total Assets
8.98M	7.63M	18.83M	19.47M	94.48M	77.17M
	Total Debt
5.33M	5.60M	14.87M	14.61M	17.30M	15.60M
	Net Debt
5.01M	4.86M	13.95M	6.73M	4.22M	-2.74M
	Total Liabilities
16.64M	14.64M	19.43M	24.29M	34.53M	19.64M
	Stockholders Equity
-7.66M	-7.01M	-599.00K	-4.83M	59.95M	57.53M
Cash Flow		Free Cash Flow
-6.71M	-4.47M	1.12M	-15.28M	-13.63M	-10.57M
	Operating Cash Flow
-5.63M	-3.40M	3.01M	-10.90M	-8.17M	-8.71M
	Investing Cash Flow
-4.53M	-2.75M	-2.25M	-3.97M	-10.49M	-7.14M
	Financing Cash Flow
8.74M	5.96M	-109.00K	8.64M	14.74M	9.53M

Gryphon Digital Mining Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.94
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GRYP, the sentiment is Neutral. The current price of 0.94 is below the 20-day moving average (MA) of 1.16, above the 50-day MA of 0.67, and above the 200-day MA of 0.52, indicating a neutral trend. The MACD of 0.09 indicates Positive momentum. The RSI at 48.44 is Neutral, neither overbought nor oversold. The STOCH value of 20.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GRYP.

Gryphon Digital Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BTBT	61 Neutral	$542.18M	8.82	-23.29%	―	53.68%	-265.12%
Sector *	54 Neutral	$5.41B	3.27	-45.10%	3.29%	16.81%	0.02%
MARA	50 Neutral	$5.57B	9.58	-10.61%	―	40.57%	-152.87%
MIGI	46 Neutral	$9.80M	―	-461.16%	―	-0.67%	65.35%
GRYP	44 Neutral	$74.73M	―	173.25%	―	―	―
GREE	42 Neutral	$23.00M	―	22.29%	―	-20.28%	48.08%
ARBK	37 Underperform	$27.95M	―	242.25%	―	―	―

Gryphon Digital Mining Corporate Events

Gryphon Digital Mining Announces Director Resignation

On June 10, 2025, Gryphon Digital Mining announced the resignation of Mr. Dan Tolhurst as a director, effective June 12, 2025. His resignation was not due to any disagreements with the company’s operations, policies, or practices.

Gryphon Digital Mining Regains Nasdaq Compliance

On May 9, 2025, Gryphon Digital Mining entered into a merger agreement with American Bitcoin Corp. to form a combined company, which is expected to enhance their market positioning in the digital asset mining sector. Additionally, Gryphon regained compliance with Nasdaq listing requirements as of June 6, 2025, ensuring its continued presence on the Nasdaq Capital Market, which is crucial for maintaining investor confidence and market stability.

Gryphon Digital Mining Assigns Captus Agreement Rights

On June 2, 2025, Gryphon Digital Mining, Inc. and its subsidiary assigned their rights and obligations under the Captus Agreement to 2703444 Alberta Ltd., with mutual releases of liabilities. The Captus Management Team’s inducement shares were revoked as part of the agreement, and a conditional payment was arranged based on future power purchase contracts.

Gryphon Digital Mining Approves Share Increase and Split

On May 24, 2025, Gryphon Digital Mining held a special meeting where stockholders approved increasing authorized shares from 150 million to 500 million and a reverse stock split with a ratio to be determined by the board. The proposal to declassify the board was not approved, but the issuance of shares upon conversion of a loan was approved, impacting the company’s capital structure and market strategy.

Gryphon Digital Mining Announces Merger with American Bitcoin

On May 9, 2025, Gryphon Digital Mining announced a merger agreement with American Bitcoin Corp., aiming to create a leading Bitcoin mining company. The merger will result in Gryphon stockholders owning approximately 2% of the newly formed company, while American Bitcoin stockholders will own about 98%. The combined entity will operate under the American Bitcoin brand and is expected to trade on Nasdaq under the ticker ‘ABTC’. This strategic move is anticipated to enhance Gryphon’s market position and provide its stockholders with equity in a public vehicle focused on becoming a major player in the Bitcoin mining sector.

Gryphon Digital Mining Granted Nasdaq Compliance Extension

Gryphon Digital Mining received an extension from the Nasdaq Hearing Panel on April 30, 2025, to regain compliance with Nasdaq Listing Rules until September 2, 2025. The extension is contingent on achieving specific milestones, following previous notifications of non-compliance with minimum bid price and market value requirements. The company had appealed the potential delisting of its securities, with a hearing held on April 15, 2025.