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on Gryphon Digital Mining, Inc.

Gryphon Digital Mining Launches Strategic Bitcoin Reserve Initiative

Gryphon Digital Mining, Inc. has announced a strategic move to establish a Bitcoin reserve program, enhancing its capital strategy. This initiative follows their significant agreements aimed at reinforcing the balance sheet and acquiring substantial assets. An essential step was restructuring $18 million in Bitcoin debt, converting $13 million into equity, thereby decreasing the debt to $5 million. Anchorage Digital, a key player, emerges as the largest shareholder with board representation.

Another noteworthy development is the acquisition of an HPC/AI asset in Alberta, capable of scaling to 4GW. CEO Steve Gutterman emphasizes that this reserve will fortify Gryphon's financial stance, capitalizing on perceived market valuation disconnects.

R. H.

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