Gryphon Digital Mining reports Q4 net income of $0.4M; debt reduced 70%+

American Bitcoin Corp.

2025-Q1 EPS reported -$0.09 revenue$1,558,000

Q4 2024 net income of $0.4M vs $11.0M net loss in FY2023; includes $2.4M non-cash expenses.
Reduced total debt by over 70%, converting $13M of Anchorage Digital debt into equity and warrants.
Mining revenues of $3.845M in Q4 2024; mined 61 Bitcoin vs 176 in Q4 2023.
Breakeven cost per Bitcoin rose to $75,872 in Q4 2024 from $23,902 in Q4 2023.
Definitive agreement for HPC/AI asset in Alberta scalable to 4GW announced Jan 10, 2025.

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