Gryphon Digital Mining reports FY2023 net loss $28.6M; mining revenue $21.1M

American Bitcoin Corp.

2024-Q1 EPS reported -$0.40 revenue$7,490,000

Net loss $28.6M (diluted EPS -$1.15) vs net income $3.5M in 2022; includes $36.5M non-cash charges.
Mining revenue $21.1M (flat YoY); Breakeven cost per BTC $18,217 vs $14,964 prior year.
Adjusted EBITDA $4.8M vs $7.4M prior year; total bitcoin mined 739.
As of Feb 29, 2024: cash $1.4M, 60.4 BTC holdings, 330.3 BTC denominated debt.
Litigation: seeking $30M damages from Sphere 3D for breach of exclusivity; filed motion for attachment of $10M.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

American Bitcoin Corp. reported fiscal year ended December 31, 2023 results: revenue $21.1 million, net income ($28.6) million.

Period: fiscal year ended December 31, 2023
Revenue: $21.1 million
Net income: ($28.6) million
Result: reported results

Exact text from the filing

achieve a position as an industry leader, and deliver long-term value to our shareholders.” Financial Highlights of Fiscal Year 2023 ● Total mining revenue for 2023 of $21.1 million, compared to the prior year $21.4 million in 2022. ● Breakeven Cost 1 per Bitcoin in 2023 was $18,217, compared to $14,964 in 2022. The company is focused on Breakeven Costs,

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321 earnings releases filed in the last 30 days. Browse all earnings releases →

American Bitcoin Corp. filing history →

Source: SEC EDGAR

accession 0001213900-24-028856

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