Dan Tolhurst
On June 10, 2025, Mr. Dan Tolhurst resigned, effective as of June 12, 2025, as a director of Gryphon Digital Mining, Inc. (the “ Company ”).
Highest-materiality recent filing
American Bitcoin Q1: Bitcoin reserve grows 30% to 7,021; mining gross margin 52%
Mined 817 Bitcoin in Q1, highest quarterly production; cost to mine fell 23% to ~$36,200 per Bitcoin.
Mined 783 Bitcoin in Q4 2025, contributing to year-end holdings of 5,401 Bitcoin (now over 6,000).
American Bitcoin Q3 revenue $64.2M, net income $3.5M, Bitcoin reserve grows to 3,418
Revenue $64.2M, up from $11.6M YoY; net income $3.5M vs loss $0.6M.
American Bitcoin Q3 2025 revenue $64.2M, gross margin 56%, Bitcoin holdings reach 3,960
Q3 2025 revenue $64.2M, cost of revenue $28.3M, gross margin 56%; nine-month revenue $106.8M, gross margin 48%.
American Bitcoin dismisses RBSM, appoints KPMG as auditor effective Sept 19, 2025
RBSM dismissed as independent auditor; no disagreements but prior reports contained going-concern qualification.
On Sept 3, 2025, Gryphon merged with Historical ABTC; combined company renamed American Bitcoin Corp. and trades as ABTC.
American Bitcoin Corp. enters $2.1B at-the-market equity offering program with 15 agents
Company entered an ATM Sales Agreement allowing sale of up to $2.1 billion in Class A common stock.
Gryphon files ABTC H1 2025 financials; ABTC net loss $97.2M, cash $205.9M
ABTC Q2 2025 revenue $30.3M, net income $3.4M; H1 2025 revenue $42.6M, net loss $97.2M from continuing ops.
Gryphon Digital Mining stockholders approve merger with American Bitcoin Corp.
Stockholders approved stock-for-stock merger with American Bitcoin at special meeting on August 27, 2025.
Gryphon regains Nasdaq compliance with minimum bid price and market value rules
Received Nasdaq notification on June 6, 2025.
Gryphon assigns Captus acquisition agreement to third party; revokes 3.9M inducement shares
Gryphon assigned all rights and obligations under the Captus Agreement to 2703444 Alberta Ltd., effective May 29, 2025.
On June 10, 2025, Mr. Dan Tolhurst resigned, effective as of June 12, 2025, as a director of Gryphon Digital Mining, Inc. (the “ Company ”).
Max materiality 0.95 · Median 0.68 · Most common event other_material