Gryphon Digital Mining (NASDAQ:GRYP) Now Covered by HC Wainwright

HC Wainwright began coverage on shares of Gryphon Digital Mining (NASDAQ:GRYP) in a report issued on Tuesday, MarketBeat.com reports. The firm set a “neutral” rating on the stock. HC Wainwright also issued estimates for Gryphon Digital Mining’s Q2 2024 earnings at ($0.18) EPS, Q3 2024 earnings at ($0.22) EPS, Q4 2024 earnings at ($0.22) EPS and FY2024 earnings at ($0.98) EPS.

Gryphon Digital Mining Stock Performance

NASDAQ:GRYP opened at $0.88 on Tuesday. The company has a fifty day moving average of $1.17. Gryphon Digital Mining has a one year low of $0.87 and a one year high of $11.56.

Gryphon Digital Mining (NASDAQ:GRYP) last announced its quarterly earnings results on Monday, May 13th. The company reported ($0.36) EPS for the quarter. The company had revenue of $7.49 million for the quarter.

Insider Transactions at Gryphon Digital Mining

In related news, CFO Simeon Salzman sold 55,595 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $1.19, for a total value of $66,158.05. Following the completion of the sale, the chief financial officer now directly owns 169,423 shares in the company, valued at approximately $201,613.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Gryphon Digital Mining

A number of hedge funds have recently bought and sold shares of the business. SVB Wealth LLC acquired a new position in shares of Gryphon Digital Mining during the 1st quarter worth approximately $68,000. MMCAP International Inc. SPC bought a new stake in shares of Gryphon Digital Mining in the first quarter valued at approximately $877,000. K2 Principal Fund L.P. acquired a new stake in Gryphon Digital Mining during the first quarter worth approximately $971,000. Finally, Murchinson Ltd. acquired a new stake in Gryphon Digital Mining during the first quarter worth approximately $1,175,000. 10.21% of the stock is owned by institutional investors.

About Gryphon Digital Mining

Gryphon Digital Mining, Inc operates as a bitcoin mining company in the United States. It operates mining computers and ESG-led mining. The company was founded in 2020 and is based in Las Vegas, Nevada.