![[gryphon digital mining logo.svg|300]] Website: [abtc.com](https://www.abtc.com) ### Introduction Gryphon Digital Mining, Inc., now operating under the banner of American Bitcoin (ABTC) following a merger announced in 2025, was originally founded in 2021 as a Bitcoin mining company with a focus on sustainability. Headquartered in Las Vegas, Nevada, the company aims to build one of the world's largest and most efficient pure-play Bitcoin mining operations while maintaining a strategic Bitcoin reserve. Specific information on founders and employee count is not publicly available in the latest records. Gryphon’s mission centers on leveraging low-cost, renewable energy sources to power its mining operations, with a strong emphasis on carbon-neutral practices. The company is publicly traded under the ticker symbol ABTC on Nasdaq, following its merger with American Bitcoin Corp. in 2025. This transaction was designed to provide Gryphon stockholders with equity in a public vehicle, enhancing its market presence and financial flexibility to scale operations. This strategic move positions Gryphon (as American Bitcoin) to capitalize on the growing demand for Bitcoin mining while addressing environmental concerns through innovative energy infrastructure ([Gryphon Digital Mining IR](https://ir.gryphondigitalmining.com)). ### Key Products and Technology Gryphon Digital Mining specializes in Bitcoin mining infrastructure with a focus on high-efficiency operations powered by renewable energy. Below are the key aspects of their technology and operations: - **Bitcoin Mining Rigs (ASIC Miners)** - **Type**: Application-Specific Integrated Circuit (ASIC) miners for Bitcoin mining. - **Technical Specifications**: Specific hashrate details for current deployments are not publicly updated in the latest data; however, historical posts on X indicate past capacities of up to 720 PH/s from acquisitions of 7,200 Antminer Pro machines in 2021 ([@GryphonMining](https://x.com/GryphonMining)). - **Energy Source**: 100% renewable energy, primarily hydroelectric power, as verified by a 2024 report from CarbonChain ([@GryphonMining](https://x.com/GryphonMining)). - **Key Differentiators**: Zero carbon emissions during operations, a significant advantage in the ESG (Environmental, Social, and Governance) space for Bitcoin mining. - **Development Stage**: Operational, with ongoing expansions post-merger with American Bitcoin. - **Target Customers**: Primarily focused on Bitcoin accumulation for its reserve, with potential indirect benefits to investors and stakeholders in the cryptocurrency ecosystem. Information on newer equipment or specific upgrades post-2024 is limited, reflecting a gap in detailed public disclosure since the merger announcement. ### Regulatory and Licensing Status As a Bitcoin mining company, Gryphon Digital Mining does not fall under nuclear regulatory oversight such as that of the Nuclear Regulatory Commission (NRC). Instead, its regulatory considerations relate to environmental compliance, energy usage permits, and securities regulations due to its public status. Key regulatory updates include: - Successful filing of an amended registration statement on Form S-4 with the SEC in July 2025, advancing its public listing as American Bitcoin ([PR Newswire](https://www.prnewswire.com/news-releases/american-bitcoin-and-gryphon-digital-mining-advance-toward-public-listing-of-american-bitcoin-with-filing-of-amended-registration-statement-on-form-s-4-302496113.html)). - No significant environmental or operational regulatory hurdles reported in the latest data, likely due to its focus on renewable energy sources. - Upcoming milestones include finalization of merger-related compliance and potential new energy infrastructure permits as operations scale. Given the non-nuclear nature of its operations, there is no timeline for commercial deployment in the nuclear sense, but the company is already commercially active in Bitcoin mining. ### Team and Leadership Current leadership details for Gryphon Digital Mining (now American Bitcoin) are not fully disclosed in the most recent public sources. Historical data and official announcements do not provide updated bios or social media handles for key executives post-merger. Efforts to retrieve this information from [LinkedIn](https://www.linkedin.com) and other platforms yielded no verified, current profiles specific to the merged entity. The company’s investor relations page ([Gryphon Digital Mining IR](https://ir.gryphondigitalmining.com)) may offer updates in future releases, but as of now, this section remains limited due to data availability. ### Funding and Financial Position - **Total Funding Raised**: Specific figures for total funding prior to the merger are not publicly detailed in the latest data. Post-merger financials are also not fully disclosed as of the most recent updates. - **Market Cap and Stock Performance**: As a public company under the ticker ABTC (previously GRYP), specific market cap figures and recent stock performance data are available on [abtc.com](https://www.abtc.com/investors) but not summarized in this report due to lack of real-time figures in sourced content. Gryphon announced stockholder approval for the merger on August 29, 2025, which likely impacts current valuation ([Gryphon Digital Mining IR](https://ir.gryphondigitalmining.com/news-events/press-releases/detail/51/gryphon-digital-mining-announces-stockholder-approval-of-merger-transaction-with-american-bitcoin)). - **Key Investors**: Institutional or strategic backers are not explicitly named in the latest news, though the merger with American Bitcoin suggests significant investor interest. - **Revenue Status**: Gryphon reported financial results for Q4 and FY 2024 on March 31, 2025, indicating operational revenue, though exact figures are not available in public summaries ([Gryphon Digital Mining IR](https://ir.gryphondigitalmining.com/news-events/press-releases)). The company is past the pre-revenue stage and actively generating income from Bitcoin mining. ### Recent News and Developments | Date | Event | Details | |---------------|--------------------------------------------|-----------------------------------------------------------------------------------------------| | Aug 29, 2025 | Stockholder Approval of Merger | Gryphon Digital Mining announces stockholder approval of merger with American Bitcoin ([Gryphon Digital Mining IR](https://ir.gryphondigitalmining.com/news-events/press-releases/detail/51/gryphon-digital-mining-announces-stockholder-approval-of-merger-transaction-with-american-bitcoin)). | | Aug 6, 2025 | Commencement of Stockholder Voting | American Bitcoin and Gryphon announce start of voting on go-public transaction ([Gryphon Digital Mining IR](https://ir.gryphondigitalmining.com/news-events/press-releases)). | | Jul 1, 2025 | Filing of Amended Registration Statement | Filing of Form S-4 to advance public listing of American Bitcoin ([PR Newswire](https://www.prnewswire.com/news-releases/american-bitcoin-and-gryphon-digital-mining-advance-toward-public-listing-of-american-bitcoin-with-filing-of-amended-registration-statement-on-form-s-4-302496113.html)). | | May 12, 2025 | Merger Announcement | Gryphon Digital Mining announces merger with American Bitcoin to build a major Bitcoin mining entity ([Gryphon Digital Mining IR](https://ir.gryphondigitalmining.com/news-events/press-releases/detail/48/gryphon-digital-mining-announces-merger-with-american-bitcoin)). | | Mar 31, 2025 | Financial Results for Q4 and FY 2024 | Gryphon reports financial performance for the fourth quarter and full year 2024 ([Gryphon Digital Mining IR](https://ir.gryphondigitalmining.com/news-events/press-releases)). | | Mar 11, 2025 | Litigation Settlement | Gryphon settles litigation with Sphere 3D, clearing potential legal obstacles ([Investing.com](https://in.investing.com/news/sec-filings/gryphon-digital-mining-settles-litigation-with-sphere-3d-93CH-4714770)). | ### Partnerships and Collaborations - **[[Core Scientific]]**: Historical hosting agreement signed in 2021 for up to 71,000 Bitcoin miners (7.1 EH of potential mining power). This partnership provided critical infrastructure capacity for Gryphon’s operations, enhancing scalability ([@GryphonMining](https://x.com/GryphonMining)). - **American Bitcoin Corp.**: The 2025 merger represents a strategic partnership to create a leading Bitcoin mining platform with a focus on efficiency and scale. This collaboration aims to position the combined entity as a dominant player in the industry ([Gryphon Digital Mining IR](https://ir.gryphondigitalmining.com/news-events/press-releases/detail/48/gryphon-digital-mining-announces-merger-with-american-bitcoin)). Recent data on additional partnerships or utility agreements post-merger is limited, suggesting a focus on internal restructuring and operational scaling. ### New Hampshire Relevance Gryphon Digital Mining’s relevance to [[New Hampshire]] is assessed based on its potential fit for the state’s energy and compute infrastructure needs: - **Proximity to Infrastructure**: While Gryphon’s operations are not currently based in New Hampshire, the state’s access to the ISO-NE grid could theoretically support Bitcoin mining facilities if low-cost, renewable energy sources are available. Proximity to [[Seabrook Station]] (a nuclear power plant) is less relevant, as Gryphon primarily utilizes hydroelectric power rather than nuclear energy. - **Technology Readiness**: Gryphon’s mining operations are already operational and could be deployed in New Hampshire if energy costs and regulatory conditions are favorable. However, no specific timeline or interest in NH has been expressed. - **Alignment with NH Legislative Initiatives**: [[Legislation]] such as HB 710 or SMR provisions in New Hampshire focuses on nuclear energy and grid reliability, which does not directly align with Gryphon’s Bitcoin mining focus. However, the state’s interest in energy innovation could peripherally support renewable-powered data centers or mining operations. - **Potential Applications**: Gryphon’s technology could serve data center loads or industrial compute needs in NH, particularly if paired with local renewable energy sources. Bitcoin mining could also provide economic benefits through job creation and energy demand stabilization. - **NH Connections**: There is no documented interest or connection to New Hampshire or the broader Northeast US in the latest data. Any deployment would likely require new strategic initiatives or partnerships. ### Competitive Position Gryphon Digital Mining, as part of American Bitcoin, competes in the Bitcoin mining industry with companies like [[MARA|Marathon Digital Holdings]], [[[[Riot Platforms]]]], and [[[[CleanSpark]]]]. - **[[MARA|Marathon Digital Holdings]]**: A leading Bitcoin miner with a focus on large-scale operations and energy efficiency. Marathon has a broader operational footprint compared to Gryphon, but Gryphon’s 100% renewable energy usage offers a unique ESG advantage. - **Riot Platforms**: Known for significant mining capacity and strategic energy partnerships, Riot poses a challenge with its scale. Gryphon’s smaller, focused operations may face risks in competing on volume but differentiate through sustainability. - **CleanSpark**: Emphasizes clean energy in mining, directly competing with Gryphon’s carbon-neutral approach. CleanSpark’s recent acquisitions and expansions (as noted in X posts) suggest a more aggressive growth strategy, potentially outpacing Gryphon’s post-merger trajectory. Gryphon’s key advantage lies in its verified renewable energy usage, though its smaller disclosed capacity and limited recent operational data pose risks in maintaining competitive growth. ### Closing Note Gryphon Digital Mining, now integrated with American Bitcoin, is at a transformative stage with a promising trajectory in sustainable Bitcoin mining, bolstered by its recent merger and public listing efforts. *Report generated December 24, 2025*