| Today's Stock Alert: (NASDAQ:GRYP) A BLUE-CHIP MANAGEMENT TEAM IS ON A MISSION TO TURN THIS EMERGING NASDAQ COMPANY INTO THE NEXT INDUSTRY LEADER IN BITCOIN MINING. WITH A VISION TO CREATE A LEADING FINANCIALLY NIMBLE, HIGHLY PROFITABLE, AND CARBON-NEUTRAL BITCOIN MINER, GRYPHON DIGITAL MINING (NASDAQ: GRYP) IS A NEW PUBLIC COMPANY GENERATING EXCITEMENT IN THE GROWING CRYPTOCURRENCY SPACE. COMPANY HIGHLIGHTS - ↛A management team with the know-how from some of the biggest names in digital coin mining, including Marathon Digital Holdings, Inc. ("Marathon") and Riot Platforms, Inc. ("Riot").
- ↣Chief Executive Officer and Director, Rob Chang, previously served as Chief Financial Officer of Riot and as a Managing Director at Cantor Fitzgerald.
- ↣Chairperson, Brittany Kaiser, is a globally renowned expert in blockchain technology and digital assets.
- ↣Chief Financial Officer, Sim Salzman, previously served as Chief Financial Officer of Marathon.
- ↣Chief Technical Advisor, Chris Ensey, is the former Chief Executive Officer and Chief Operating Officer of Riot and has developed over 100 MW in mining operations.
- ↛A certified clean energy operation as one of the inaugural recipients of the Green Proofs for Bitcoin certification.
- ↛A net carbon-neutral miner pursuing a negative carbon strategy with the acquisition of carbon offset credits and mining operations using carbon-neutral energy.
- ↛Substantial growth in only three years since the inception of the company.
- ↛Revenues are ramping up.
- ↛A partnership with one of the largest digital currency data centers in the world.
- ↛A history of outperforming its peers in Bitcoin Efficiency, one of the most important metrics in the Bitcoin space.
"When we first started Gryphon, our goal was to create a blue-chip company that leveraged the experience of our incredible team. Bitcoin Efficiency is the most important metric in evaluating a Bitcoin miner and we are proud of our industry-leading performance." Rob Chang CEO INDUSTRY EXPERTS FORECAST AN EXCITING 2024 FOR BITCOIN At the beginning of 2023, the value of a Bitcoin had come down significantly from its all-time high in 2021 but rallied over 150% by the end of the year. Many crypto experts are anticipating 2024 to be a comeback year for Bitcoin driven by Bitcoin "halving" and the anticipated creation of Bitcoin exchange-traded funds in the United States. - ↛"ETF approvals and a halving set for April will change the supply-and-demand dynamic of Bitcoin, likely sending the price higher." – John Stec at Global X.
- ↛"The year 2024 holds immense promise for Bitcoin, as the confluence of ETFs, halving, and regulatory clarity is set to drive demand." – Edul Patel, CEO of Mudrex.
- ↛In 2022, Mark Mobius correctly forecast Bitcoin would drop to $20,000 when it was trading above $28,000. For 2024, Mobius told CNBC that Bitcoin could reach $60,000 by the end of the year.
- ↛"I anticipate the Bitcoin will be trading around $25K to $75K in 2024, and $45K to $130K in 2025." - Youwei Yang, chief economist of crypto mining firm BIT Mining Limited.
- ↛According to James Butterfill, head of research at CoinShares, the landscape for digital assets is set for "significant change" in 2024, driven by the potential approval of Bitcoin ETFs in the U.S. "This long-awaited development is poised to expand the investor base for cryptocurrencies and integrate them more closely with traditional financial markets."
- ↛"My expectation for 2024 is that the twin-turbo boost from the Bitcoin halving & spot ETF approval should propel Bitcoin to $100,000, with the prospect of further highs in 2025." - Antoni Trenchev, a co-founder of Nexo, a cryptocurrency exchange.
- ↛Matrixport , a crypto financial services firm, released a note in November projecting that Bitcoin would reach $63,140 by April 2024 and $125,000 by the end of next year.
A PARTNERSHIP WITH ONE OF THE LARGEST DIGITAL CURRENCY DATA CENTERS IN THE WORLD - ↛Hydro-powered host in an economic opportunity zone
- ↛Direct cost pass-through with profit profit-sharing model
- ↣~ $15,746/BTC cost*
- ↛GRYP has secured 28 MW of power for its ~9,000 machines
- ↛Hosting and share structure reduces capital investment and financial risk
* Based on YTD through Sept 30, 2023 A HISTORY OF OUTPERFORMING PEERS IN BITCOIN EFFICIENCY - ↛GRYP is an industry leader in Bitcoin Efficiency, posting a superior 80 BTC/EH** in December 2023.
- ↣Peer average Bitcoin Efficiency of 66 BTC/EH
- ↣Top 3 efficiency among all peers since inception
- ↣At or tied for 1st in nine of the last 12 months
- ↛Superior performance driven by GRYP's experienced mining team, fleet of efficient miners
*Bitcoin Efficiency is a measure of the number of bitcoin generated per exahash of hashing power deployed ** Royalty contribution <10% of total until Nov. 2024. Based on estimates. Source: Company Reports A HISTORY OF OUTPERFORMING PEERS IN INVESTED CAPITAL EFFICIENCY* - ↛Gryphon has spent only $42/TH to build its entire operation (machines, hosting, management, etc.)
- ↛Peer average Invested Capital Efficiency $156/TH**
- ↛Superior performance driven by resourceful capital raising, disciplined capital deployment and asset light model
*Invested capital per terahash is defined as (Paid In Capital + Short- and Long-Term Debt + Short- and Long-Term Capital Leases – Liquid Assets) / Forecast hashrate that includes royalty stream ** Based on YTD through Sept 30, 2023 BITCOIN MINING What is Bitcoin mining? Bitcoin mining is the process of creating a new Bitcoin by solving a computational puzzle. Bitcoin mining is necessary to maintain the ledger of transactions upon which Bitcoin is based. Miners have become very sophisticated over the last several years using complex machinery to speed up mining operations. Why do we need Bitcoin mining? Validating transaction information and maintaining the integrity of the blockchain is the mining's purpose, while the Bitcoin reward is the incentive to mine. Bitcoin mining is necessary to maintain the ledger of transactions upon which Bitcoin is based. Is Bitcoin mining lucrative? Bitcoin miners are currently mining around $20 million worth of Bitcoin each day. - ↛Riot's primary mining location is in Rockdale, Texas. The firm operated 88,556 mining rigs at the end of 2022, and had 6,974 BTC tokens in reserve that were valued at about $116m at the time. In 2022, the company earned $259.2m in revenue, most of which came from its proprietary mining operation.
- ↛Marathon Digital Holdings reported a net income of $64.1 million in Q3 — a stark contrast to the company's net loss of $72.5 million during the same period last year. The results were attributed to an expansion in its Bitcoin mining production and amplified by higher bitcoin prices during the period.
THE NEXT MARATHON STORY? In 2018, Marathon Patent Group, a small patent holding company, started to buy thousands of ASIC miners to expand its Bitcoin mining business. In early 2021, it rebranded itself as Marathon Digital Holdings to reflect its transformation into a pure play Bitcoin miner. Marathon's would eventually become the world's largest BTC miner, with a fleet of 199,200 energized miners at the end of December 2023. Its closest competitor, Riot Platforms, had deployed 112,944 miners. This year, Bitcoin's price has already risen to nearly $44,000. Based on that growth trajectory, analysts expect Marathon's revenue to have more than tripled to $359 million in 2023 as it squeezes out a net profit of $13 million. (SOURCE) WITH A MANAGEMENT TEAM WITH EXPERIENCE FROM BOTH RIOT AND MARATHON, GRYP COULD EMERGE AS ONE OF THE NEXT LEADING MINERS AND ITS WALL STREET STORY IS ONLY JUST BEGINNING! Bitcoin mining and the planet The intense energy requirements of Bitcoin mining translates to massive levels of greenhouse gases. Bitcoin mining processes produced 85.89 MTCO2E, or metric tons of carbon dioxide equivalent, from 2020 to 2021, according to a study . GRYP is a Net Carbon Neutral miner pursuing a negative carbon strategy with the acquisition of carbon offset credits and with mining operations that use carbon-neutral energy. GREEN PROOFS FOR BITCOIN… - ↛GRYP was among a select inaugural group of 5 miners to be awarded a "Green Proofs for Bitcoin" certification
- ↛Certifications were issued to Bitcoin miners based on their clean energy use and contributions to grid stability via demand response
- ↛Developed in partnership with over 35 miners, NGOs, grid operators, and other energy and crypto market participants, its approach to scoring is aligned with best practices for sustainability leadership and to approaches to corporate ESG reporting
2023 YEAR IN REVIEW For 2023, GRYP increased its total attributable hashrate to 1.3 exahash per second ("EH/s") from 0.7 EH/s as of the end of 2022, an increase of approximately 86%. This growth was comprised of a self-mining hashing power increase of 0.2 EH/s as the company added newer generation models of S19 Pro + and S19K Pro machines. The remaining hash rate can be attributed to additional installations by our royalty partner. GRYP produced 788 bitcoin-equivalent coins1 that were comprised of 739 from self-mining operations and 49 in bitcoin-equivalent management fees from its royalty partner. GRYP notes that the royalty revenues are an estimate for the last quarter of the year. 1Bitcoin-equivalent coins are comprised of self-mined bitcoin and cash flows from the bitcoin mining royalty converted into bitcoin. This is used to create an apples to apples comparable metric on a company's revenue generating performance expressed in bitcoin terms The bitcoin-equivalent coins represented a modest 9% decrease year-over-year from our 2022 bitcoin-equivalent production of 829 as the global network hash rate increased from 272 EH/s at the end of 2022 to 555 EH/s as of December 31, 2023, a 104% increase. To underscore this point, it should be noted that the expected bitcoin production is generally a miner's proportional contribution to the global network hashrate. GRYP only saw a 9% reduction in bitcoin-equivalent production when the network more than doubled! * * * * * * The "crypto winter" that weighed on the entire industry in 2022 began to thaw last year and an extended rally for Bitcoin is highly anticipated by many. Most top cryptocurrencies performed well in 2023, and rising crypto prices mean rising margins for crypto miners. Led by an experienced management team, Gryphon Digital Mining (NASDAQ: GRYP) has seen unparalleled growth in the few years it has been in inception. GRYP believes that it is ideally situated to execute on the exciting trends in the Bitcoin mining industry. | Disclaimer We are engaged in the business of advertising and promoting companies. All content on our website is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a solicitation of the purchase or sale of any securities. Neither the owner of Huge Alerts nor any of its members, officers, directors, contractors or employees are licensed broker-dealers, account representatives, market makers, investment bankers, investment advisers, analyst or underwriters. 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