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

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

Gryphon Digital Mining Stock Up 3.2 %

Shares of NASDAQ GRYP opened at $0.17 on Tuesday. Gryphon Digital Mining has a 12 month low of $0.15 and a 12 month high of $1.89. The business has a fifty day simple moving average of $0.27 and a 200-day simple moving average of $0.46.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Gryphon Digital Mining news, Director Brittany Kaiser sold 604,581 shares of the firm’s stock in a transaction dated 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 $211,603.35. This trade represents a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Peter Eric Gallie purchased 145,236 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were purchased at an average price of $0.39 per share, for a total transaction of $56,642.04. Following the acquisition, the senior vice president now directly owns 145,236 shares of the company’s stock, valued at $56,642.04. This trade represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.70% of the stock is currently owned by company insiders.

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.