Gryphon Digital Mining Q2 net loss $4.0M; revenue $5.5M, bitcoin mined 84

American Bitcoin Corp.

2024-Q2 EPS reported -$0.44 revenue$13,005,000

Mining revenue $5.5M vs $4.9M in Q2 2023; net loss $4.0M incl. $2.5M non-cash items.
Breakeven cost per bitcoin rose to $45,452 from $34,063 YoY; adjusted EBITDA loss $3.0M.
Quarterly hashrate record 899 PH/s (+20% YoY); fleet efficiency improved to 28.5 J/T.
Authorized $5M stock repurchase program; miner upgrades adding ~23 PH/s completed ahead of schedule.
Bitcoin holdings $1.0M; cash $1.2M; total liabilities $25.4M exceed current assets $3.2M.

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