Gryphon Digital Mining Announces $2.85 Million Stock Offering

Gryphon Digital Mining, Inc. has revealed a non-brokered stock offering with proceeds totaling approximately $2.85 million. Announced on January 13, 2025, this initiative saw full participation from Gryphon's management team and a majority of the board members, illustrating robust internal support for the company's strategic trajectory.

The company allocated roughly 6.3 million shares to external investors at $0.40 per share, coupled with warrants exercisable at $1.50 per share. Management and board members acquired around 629,000 shares at $0.516 per share, supplemented too by warrants at $1.50 per share.

This capital boost is the first move toward financing Gryphon's latest expansion efforts. These include deals for scalable HPC/AI assets and low-cost power solutions in Canada. CEO Steve Gutterman emphasized the structured approach in capital raising to enhance shareholder value while backing ambitious HPC/AI and bitcoin mining ventures.