Gryphon Digital Mining Expands with Major Acquisition in Canada

Gryphon Digital Mining, Inc. (Nasdaq:GRYP) has announced a significant expansion with the acquisition of an 850-acre industrial site in Southern Alberta, Canada. This strategic move is expected to catapult Gryphon into the elite tier of global computing infrastructure providers, offering a truly green source of energy combined with redundant sources of power. The acquisition highlights include:

* Massive 850-acre industrial zoned acreage with access to dual natural gas supply, grid connection, non-potable water resources, and dual high-speed fiber connection providers
* World-class carbon capture and sequestration capabilities on-site, making this a green source of energy
* Expansive footprint expected to allow up to 4GW of total capacity, with up to ~130MW anticipated by the end of 2026
* Experienced technical team comes with the asset, led by Harry Andersen (former COO of Pembina Pipeline), with over 100 years of combined industry expertise



Industry analysts and comparable companies project substantial revenue potential in the HPC/AI infrastructure space, with estimates of $1.5 million in annual revenue per MW. VanEck's research suggests potential revenues of up to $9.11 million per MW. At full capacity, assuming $1.5 million of revenue per MW, the Captus asset could generate over $5.0 billion of annual revenue.

This monumental acquisition follows Gryphon's recent strategic moves in December 2024, creating a massive combined potential power capacity exceeding 5GW. The acquisition of the Captus Energy site in Southern Alberta positions Gryphon to capitalize on the surging demand from AI compute requirements, with the combination of dual natural gas supply, on-site carbon sequestration, and abundant water access making it one of the few locations in North America with all the critical elements needed for large-scale AI computing.

Steve Gutterman, Chief Executive Officer of Gryphon Digital Mining, commented, "We believe that this acquisition represents a transformative moment for Gryphon as we aggressively expand into the AI/HPC infrastructure market. With 850 acres of industrial land in Southern Alberta and the potential to scale to 4GW of power capacity, this site positions us to capitalize on the surging demand from AI compute requirements. The combination of dual natural gas supply, on-site carbon sequestration, and abundant water access makes it one of the few locations in North America with all the critical elements needed for large-scale AI computing. We believe that Alberta should be at the forefront of AI/HPC power given its forward-facing government, industry expertise, and abundant resources. We are excited to be working in Western Canada. We are equally excited in welcoming Harry Andersen and his team to the fold. They are true energy experts and the development of Captus could not be in better hands."

Total consideration for the transaction is CAD $27 million, which includes CAD $3 million in restricted shares for the incoming Captus management team, vesting in four equal installments over four years and subject to forfeiture if the definitive agreement does not close.

Gryphon Digital Mining, Inc. is an innovative venture in the bitcoin and AI space dedicated to helping bring digital assets to the market. With a talented leadership team coming from globally recognized brands, Gryphon has assembled thought leaders to improve digital asset network infrastructure. More information is available on .

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This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the Company's ability to close the natural gas acquisition; the ability of the assets to be acquired to produce energy at both the cost and the volume anticipated; plans to expand the Company's business to include AI and high-performance computing; the future financial performance of the Company; changes in the Company's strategy and future operations; financial position; estimated revenues and losses; projected costs; prospects, plans and objectives of management; and future acquisition activity.

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