Gryphon digital mining announces strategic bitcoin reserve initiative

Las vegas, nevada / access newswire / january 31, 2025 / gryphon digital mining, inc. (nasdaq:gryp) ("gryphon" or the "company"), an innovative venture in the bitcoin and ai space dedicated to helping bring digital assets to the market, today announced that the company has authorized the establishment of a strategic bitcoin reserve program as part of its comprehensive capital strategy. the initiative follows gryphon's recent transformative definitive agreements to strengthen the balance sheet and acquire major assets, including: restructured $18.0 million bitcoin debt by converting $13.0 million to equity at $1.10/share, reducing debt to $5.0 million with anchorage digital becoming largest shareholder and board member.
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