Gryphon Digital Mining (NASDAQ:GRYP) Issues Quarterly Earnings Results

Gryphon Digital Mining (NASDAQ:GRYP) released its earnings results on Monday. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.23, Zacks reports. The business had revenue of $3.90 million for the quarter, compared to the consensus estimate of $3.90 million.

Gryphon Digital Mining Trading Up 3.2 %

GRYP stock opened at $0.17 on Tuesday. Gryphon Digital Mining has a 1 year low of $0.15 and a 1 year high of $1.89. The company has a 50 day simple moving average of $0.27 and a 200 day simple moving average of $0.46.

Insiders Place Their Bets

In related news, Director Brittany Kaiser sold 604,581 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $0.35, for a total value of $211,603.35. Following the sale, the director now owns 604,581 shares of the company’s stock, valued at $211,603.35. The trade was a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daniel George Tolhurst acquired 96,824 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was bought at an average price of $0.39 per share, with a total value of $37,761.36. Following the completion of the acquisition, the director now directly owns 3,406,473 shares of the company’s stock, valued at $1,328,524.47. This trade represents a 2.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 11.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “neutral” rating on shares of Gryphon Digital Mining in a research report on Tuesday.

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.