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Why Did Gryphon Digital Mining (GRYP) Soar 15.89%?
Generated by AI AgentAinvest Pre-Market Radar
Friday, May 16, 2025 5:07 am ET1min read
Gryphon Digital Mining, Inc. (GRYP) experienced a significant surge in its stock price, rising by 15.89% in pre-market trading on May 16, 2025.
Gryphon Digital Mining, Inc. operates as a bitcoin mining company in the United States, focusing on operating mining computers and hosting mining data centers. The company's stock price has been volatile, with fluctuations between $0.750 and $1.03 on Wednesday, May 14, 2025.
Gryphon Digital reported its fourth-quarter results on March 31, 2025, posting revenue of $20.5 million for the full year 2024. This figure represents a decline from the previous year's revenue of $21.9 million, indicating a challenging period for the company.
HC Wainwright reiterated a "neutral" rating on shares of
in a report on Tuesday, reflecting a cautious outlook on the company's near-term prospects.
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