Gryphon Digital Mining, Inc.
For the period ended Jun 30, 2025. Filed Aug 14, 2025.
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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.
Jun 30, 2025 · Filed Aug 14, 2025
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 Cash Flows
Gryphon Digital Mining, Inc and Subsidiaries
Unaudited Condensed Consolidated Statement of Cash Flows
For the Six Months Ended June 30,
| 2025 · 2024 | ||||
|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Net loss | $(11,537,000) | $(15,753,000) | ||
| Adjustments to reconcile net loss to cash (used in) provided by operating activities | ||||
| Business acquisition deposits written off | 2,489,000 | - | ||
| Gain on settlement of accounts payable | (449,000) | - | ||
| Unrealized gain on digital assets | (74,000) | (1,385,000) | ||
| Depreciation expense | 1,586,000 | 6,539,000 | ||
| Stock-based compensation | 811,000 | 348,000 | ||
| Fair value of warrant modification expense | 128,000 | - | ||
| Fair value of common stock issued to consultants | 552,000 | 1,447,000 | ||
| Unrealized loss on marketable securities | 43,000 | 272,000 | ||
| Loss on miner disposal | 83,000 | 146,000 | ||
| Change in fair value of notes payable | - | 6,895,000 | ||
| Interest expense | - | 608,000 | ||
| Digital asset revenue | (2,935,000) | (13,005,000) | ||
| Changes in operating assets and liabilities | ||||
| Proceeds from the sale of digital assets | 3,094,000 | 12,969,000 | ||
| Accounts receivable | - | 486,000 | ||
| Prepaid expense | (790,000) | 108,000 | ||
| Accounts payable and accrued liabilities | 2,901,000 | (457,000) | ||
| Net cash used in operating activities | (4,098,000) | (782,000) | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Purchase of miners | (558,000) | (1,075,000) | ||
| Proceeds from sale of miners | - | 171,000 | ||
| Refundable deposit | (1,257,000) | (50,000) | ||
| Net cash used in investing activities | (1,815,000) | (954,000) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||
| Notes payable for insurance | 343,000 | - | ||
| Payment for insurance payable | (161,000) | (279,000) | ||
| Interest payment | (124,000) | - | ||
| Proceeds from registered direct offering | 2,116,000 | - | ||
| Cost incurred for registered direct offering | (76,000) | - | ||
| Proceeds from the issuance of common stock ATM | 3,872,000 | 2,054,000 | ||
| Cash expenses for issuance of common stock | (114,000) | (235,000) | ||
| Cash acquired in connection with the reverse recapitalization | - | 500,000 | ||
| Net cash provided by financing activities | 5,856,000 | 2,040,000 | ||
| Net change in cash | (57,000) | 304,000 | ||
| Cash-beginning of period | 735,000 | 915,000 | ||
| Cash-end of period | $678,000 | $1,219,000 | ||
| Supplemental Disclosures of Cash Flow Information: | ||||
| Cash paid for interest | $ | - | $ | - |
| Cash paid for income taxes | $ | - | $ | - |
| Non-Cash investing and financing activities: | ||||
| Accrued expenses for purchase of miners | $128,000 | $ | - | |
| Deposits used for the payment of accounts payable | $356,000 | $ | - | |
| Value of common stock issued for acquisition of Akerna’s net book value | $ | - | $2,256,000 | |
| Digital assets used for principal and interest payment on BTC Note | $ | - | $3,283,000 | |
| Fair value of shares issued for services | $250,000 | $ | - | |
| Accrued RSU expenses for issuance of common stock | $827,000 | $267,000 | ||
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