Gryphon Digital Mining, Inc.
For the period ended Jun 30, 2025. Filed Aug 14, 2025.
View on SEC.govAbout 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.
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.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Operations
Gryphon Digital Mining Inc. and Subsidiaries
Unaudited Condensed Consolidated Statements of Operations
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues | ||||
| Mining revenue | $1,377,000 | $5,515,000 | $2,935,000 | $13,005,000 |
| Cost and expenses | ||||
| Cost of revenues | 1,608,000 | 3,803,000 | 3,662,000 | 8,640,000 |
| General and administrative expenses | 1,647,000 | 3,828,000 | 4,647,000 | 6,289,000 |
| Stock based compensation expense | 39,000 | 140,000 | 811,000 | 348,000 |
| Depreciation | 515,000 | 3,292,000 | 1,586,000 | 6,539,000 |
| Unrealized (gain) loss on digital assets | (200,000) | 318,000 | (73,000) | (1,385,000) |
| Total operating expenses | 3,609,000 | 11,381,000 | 10,633,000 | 20,431,000 |
| Loss from operations | (2,232,000) | (5,866,000) | (7,698,000) | (7,426,000) |
| Other income (expense) | ||||
| Unrealized gain (loss) on marketable securities | 23,000 | (56,000) | (43,000) | (272,000) |
| Merger and acquisition expenses | (1,970,000) | (394,000) | (3,164,000) | (394,000) |
| Change in fair value of BTC note payable | - | 2,743,000 | - | (6,895,000) |
| Interest expense | (6,000) | (290,000) | (9,000) | (620,000) |
| Loss on disposal of miners | (83,000) | (146,000) | (83,000) | (146,000) |
| ABTC merger costs | (989,000) | - | (989,000) | - |
| Gain in settlement of accounts payable | - | - | 449,000 | - |
| Total other income (expense) | (3,025,000) | 1,857,000 | (3,839,000) | (8,327,000) |
| Loss before provision for income taxes | (5,257,000) | (4,009,000) | (11,537,000) | (15,753,000) |
| Provision for income taxes | - | - | - | |
| Net loss | $(5,257,000) | $(4,009,000) | $(11,537,000) | $(15,753,000) |
| Net loss per share, basic and diluted | $(0.07) | $(0.10) | $(0.16) | $(0.44) |
| Weighted average shares outstanding - basic and diluted | 75,986,148 | 38,943,579 | 72,517,950 | 35,690,171 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.