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

Gryphon Digital Mining (NASDAQ:GRYP) released its quarterly earnings results on Monday. The company reported $0.07 earnings per share 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 analyst estimates of $3.90 million.

Gryphon Digital Mining Stock Performance

Shares of NASDAQ GRYP opened at $0.17 on Tuesday. Gryphon Digital Mining has a fifty-two week low of $0.15 and a fifty-two week high of $1.89. The company’s 50 day simple moving average is $0.27 and its 200 day simple moving average is $0.46.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, Director Daniel George Tolhurst bought 96,824 shares of Gryphon Digital Mining stock in a transaction on Monday, January 13th. The shares were purchased at an average price of $0.39 per share, for a total transaction of $37,761.36. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Peter Eric Gallie purchased 145,236 shares of the stock in a transaction dated Monday, January 13th. The stock was bought at an average cost of $0.39 per share, with a total value of $56,642.04. Following the completion of the purchase, the senior vice president now owns 145,236 shares in the company, valued at $56,642.04. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 11.70% of the company’s stock.

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.