Gryphon Digital Mining (NASDAQ:GRYP) Announces Earnings Results, Beats Estimates By $0.23 EPS

Gryphon Digital Mining (NASDAQ:GRYP) issued its earnings results on Monday. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 Down 6.6 %

Shares of GRYP stock opened at $0.16 on Wednesday. Gryphon Digital Mining has a 52-week low of $0.15 and a 52-week high of $1.89. The business’s fifty day moving average is $0.27 and its 200 day moving average is $0.46.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, SVP Peter Eric Gallie purchased 145,236 shares of the business’s stock in a transaction on Monday, January 13th. The stock was acquired at an average price of $0.39 per share, with a total value of $56,642.04. Following the purchase, the senior vice president now directly owns 145,236 shares in the company, valued at approximately $56,642.04. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brittany Kaiser sold 604,581 shares of the 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 completion of the transaction, the director now directly owns 604,581 shares in the company, valued at approximately $211,603.35. This represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. 11.70% of the stock is owned by company insiders.

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.