Gryphon Digital Mining raises $2.85M in registered direct offering of common stock and warrants

American Bitcoin Corp.

Gross proceeds of approximately $2.85 million from sale of 6,941,856 shares and warrants to purchase 6,941,856 shares.
Warrants have exercise price of $1.50 per share; combined purchase price $0.40 for third-party investors and $0.516 for directors/officers.
Closing expected on or about January 14, 2025, subject to customary conditions.
Net proceeds to be used for general corporate purposes including bitcoin mining expansion, capital expenditures, and AI infrastructure.
Offered under effective shelf registration statement; prospectus supplement filed January 13, 2025.

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