Gryphon Digital Mining Inc

For the period ended Mar 31, 2024. Filed May 14, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 14, 2024

ABTC$5.13-3.2%Stored close · as of Nov 10, 2026

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Contents

Unaudited Condensed Consolidated Statements of Operations

For the Three Months Ended March 31,

	2024	2023
Revenues
Mining activities	$7,490,000	$4,840,000
Management services	-	236,000
Total revenues	7,490,000	5,076,000
Operating expenses
Cost of revenues (excluding depreciation shown below)	4,837,000	2,737,000
General and administrative expenses	2,461,000	1,354,000
Stock-based compensation	208,000	(1,152,000)
Impairment of digital assets	-	1,000
Unrealized gain on digital assets	(1,703,000)	-
Realized gain on disposition of digital assets	-	(157,000)
Depreciation expense	3,247,000	3,981,000
Total operating expenses	9,050,000	6,764,000
Loss from operations	(1,560,000)	(1,688,000)
Other expense
Unrealized (loss) gain on marketable securities	(216,000)	63,000
Realized gain from use of digital assets	-	2,881,000
Loss on asset disposal	-	(53,000)
Change in fair value of notes payable	(9,638,000)	(8,189,000)
Other income	-	266,000
Interest expense	(330,000)	(190,000)
Total other expense	(10,184,000)	(5,222,000)
Loss before provision for income taxes	(11,744,000)	(6,910,000)
Provision for income taxes	-	-
Net loss	$(11,744,000)	$(6,910,000)
Net loss per share, basic and diluted	(0.36)	(0.28)
Weighted average shares outstanding – basic and diluted	32,436,759	24,872,947

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.