20 Stocks Insiders Were Buying In Q1 2025

11. Gryphon Digital Mining, Inc. (NASDAQ:GRYP)

Market Cap: $11.36 million

Number of insiders buying: 8

Gryphon operates as a bitcoin mining company in the United States. It operates mining computers and ESG-led mining. The company was founded in 2020 and is based in Las Vegas, Nevada.

In a recent development, Gryphon announced the creation of a strategic Bitcoin reserve program as part of its capital strategy. This move is part of Gryphon’s efforts to strengthen its balance sheet and acquire significant assets, including restructuring $18 million in Bitcoin debt and securing a deal for a scalable HPC/AI asset in Alberta, with potential growth to 4GW.

In January, eight insiders, including the company’s CFO, bought approximately $264,330 worth of Gryphon shares at an average price of $0.39 per share. Year-to-date, the stock is down 59.95% trading at $0.16 per share. Over the past 12 months, Gryphon shares declined 89.03%.

For the third quarter ending September 30, 2024, Gryphon reported mining revenues of $3.7 million, down from $5.2 million in the same quarter of 2023. Adjusted EBITDA for the quarter was a loss of $2.5 million, an improvement from a loss of $4.7 million in Q3 2023. The company posted a net loss of $5.95 million, compared to a net loss of $8.09 million in the third quarter of the previous year. Gryphon’s management will host a conference call on March 31 to discuss results for its fourth quarter and full year ended December 31, 2024.

Currently, the analyst coverage on Gryphon stock remains limited.