Insider Buying: Gryphon Digital Mining, Inc. (NASDAQ:GRYP) Director Purchases 96,824 Shares of Stock

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) Director Daniel George Tolhurst acquired 96,824 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was acquired at an average price of $0.39 per share, with a total value of $37,761.36. Following the purchase, the director now owns 3,406,473 shares in the company, valued at approximately $1,328,524.47. This represents a 2.93 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Gryphon Digital Mining Trading Down 2.3 %

Shares of Gryphon Digital Mining stock traded down $0.01 during mid-day trading on Wednesday, reaching $0.43. 2,538,981 shares of the stock were exchanged, compared to its average volume of 12,488,477. The firm has a 50-day simple moving average of $0.56 and a 200 day simple moving average of $0.68. Gryphon Digital Mining, Inc. has a fifty-two week low of $0.35 and a fifty-two week high of $8.43.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “neutral” rating on shares of Gryphon Digital Mining in a research note on Friday, September 20th.

Institutional Investors Weigh In On Gryphon Digital Mining

An institutional investor recently raised its position in Gryphon Digital Mining stock. XTX Topco Ltd increased its position in shares of Gryphon Digital Mining, Inc. (NASDAQ:GRYP) by 75.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,169 shares of the company’s stock after purchasing an additional 17,296 shares during the quarter. XTX Topco Ltd owned approximately 0.10% of Gryphon Digital Mining worth $27,000 at the end of the most recent quarter. 10.21% of the stock is currently owned by hedge funds and other institutional investors.

Gryphon Digital Mining Company Profile

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.