Gryphon Digital Mining Inc
For the period ended Sep 30, 2024. Filed Nov 13, 2024.
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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.
Sep 30, 2024 · Filed Nov 13, 2024
ABTC$5.13-3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Operations
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | ||||
| Mining activities | $3,689,000 | $5,189,000 | $16,694,000 | $14,992,000 |
| Management services | - | 288,000 | - | 844,000 |
| Total revenues | 3,689,000 | 5,477,000 | 16,694,000 | 15,836,000 |
| Cost and expenses | ||||
| Cost of revenues | 3,612,000 | 3,982,000 | 12,252,000 | 9,542,000 |
| General and administrative expenses | 2,439,000 | 804,000 | 8,728,000 | 3,250,000 |
| Stock based compensation expense | 97,000 | 392,000 | 445,000 | (629,000) |
| Depreciation | 2,896,000 | 4,067,000 | 9,435,000 | 11,906,000 |
| Impairment of digital assets | - | 17,000 | - | 250,000 |
| Impairment of miners | - | 5,430,000 | - | 5,430,000 |
| Unrealized (gain) loss on digital assets | 90,000 | - | (1,295,000) | - |
| Realized gain on sale of digital assets | - | (17,000) | - | (484,000) |
| Total operating expenses | 9,134,000 | 14,675,000 | 29,565,000 | 29,265,000 |
| Loss from operations | (5,445,000) | (9,198,000) | (12,871,000) | (13,429,000) |
| Other income (expense) | ||||
| Unrealized loss on marketable securities | (21,000) | (75,000) | (293,000) | (74,000) |
| Realized gain from use of digital assets | - | 9,000 | - | 3,809,000 |
| Change in fair value of notes payable | (194,000) | 1,342,000 | (7,089,000) | (7,607,000) |
| Interest expense | (288,000) | (162,000) | (908,000) | (530,000) |
| Loss on disposal of asset | - | (2,000) | (146,000) | (55,000) |
| Merger and acquisition cost | - | - | (394,000) | - |
| Other income | - | - | - | 267,000 |
| Total other income (expense) | (503,000) | 1,112,000 | (8,830,000) | (4,190,000) |
| Loss before provision for income taxes | (5,948,000) | (8,086,000) | (21,701,000) | (17,619,000) |
| Provision for income taxes | - | - | - | - |
| Net loss | $(5,948,000) | $(8,086,000) | $(21,701,000) | $(17,619,000) |
| Net loss per share, basic and diluted | $(0.15) | $(0.56) | $(0.58) | $(1.22) |
| Weighted average shares outstanding - basic and diluted | 40,611,068 | 14,450,688 | 37,347,047 | 14,437,279 |
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