Cryptocurrency VolatilityDespite the promising link-up with American Bitcoin, Gryphon still faces high speculative risks due to its exposure to volatile cryptocurrencies and the lack of signed HPC deals.
Financial PerformanceGryphon Digital Mining reported its full-year 2024 sales of $20.5M, down from 2023's $21.1M on declining bitcoin mining economics in accordance with prevailing industry trends.
Infrastructure ChallengesThere is no power infrastructure at the locations encompassed by the Erikson Nation Energy Inc. insolvency purchase, which presents a challenge for Gryphon.