Gryphon Digital Mining Terminates Material Agreement
Ticker: ABTC · Form: 8-K · Filed: Nov 1, 2024 · CIK: 1755953
| Field | Detail |
|---|---|
| Company | Gryphon Digital Mining, INC. (ABTC) |
| Form Type | 8-K |
| Filed Date | Nov 1, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement-termination, corporate-action
TL;DR
GRYP terminated a big deal on 10/31. Big implications.
AI Summary
Gryphon Digital Mining, Inc. reported the termination of a material definitive agreement on October 31, 2024. The company, formerly known as Akerna Corp. and MTech Acquisition Holdings Inc., is incorporated in Delaware and headquartered in Las Vegas, Nevada.
Why It Matters
The termination of a material definitive agreement can significantly impact a company's operations, financial standing, and future strategic direction.
Risk Assessment
Risk Level: medium — Termination of a material definitive agreement often signals significant business challenges or strategic shifts that could affect the company's performance.
Key Players & Entities
- Gryphon Digital Mining, Inc. (company) — Registrant
- Akerna Corp. (company) — Former Company Name
- MTech Acquisition Holdings Inc. (company) — Former Company Name
- October 31, 2024 (date) — Date of earliest event reported
FAQ
What specific material definitive agreement was terminated by Gryphon Digital Mining, Inc.?
The filing states that a material definitive agreement was terminated, but does not specify which agreement.
What is the effective date of the termination of the material definitive agreement?
The earliest event reported, which includes the termination, is dated October 31, 2024.
What are the implications of this termination for Gryphon Digital Mining, Inc.'s business operations?
The filing does not detail the specific implications for business operations, but the termination of a material agreement typically has significant consequences.
Has Gryphon Digital Mining, Inc. provided any further details or context regarding the reasons for this termination?
This specific 8-K filing does not provide the reasons for the termination.
What was Gryphon Digital Mining, Inc. previously known as?
Gryphon Digital Mining, Inc. was formerly known as Akerna Corp. and MTech Acquisition Holdings Inc.
Filing Stats: 481 words · 2 min read · ~2 pages · Grade level 13 · Accepted 2024-11-01 17:00:25
Key Financial Figures
- $0.0001 — ch Registered Common Stock, par value $0.0001 per share GRYP The Nasdaq Stock Mar
Filing Documents
- ea0219643-8k_gryphon.htm (8-K) — 23KB
- 0001213900-24-093569.txt ( ) — 194KB
- gryp-20241031.xsd (EX-101.SCH) — 3KB
- gryp-20241031_lab.xml (EX-101.LAB) — 33KB
- gryp-20241031_pre.xml (EX-101.PRE) — 22KB
- ea0219643-8k_gryphon_htm.xml (XML) — 4KB
02 Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement. On October 31, 2024, Gryphon Digital Mining, Inc., a Delaware corporation, and its wholly-owned subsidiary, Gryphon Opco I LLC (collectively, "Gryphon"), notified Coinmint, LLC ("Coinmint") of their non-renewal of the Colocation Mining Services Agreement dated July 1, 2021 (as amended on October 1, 2022, and July 1, 2023, the "Agreement"). Under the Agreement, Coinmint provided colocation services for Gryphon's bitcoin mining equipment at Coinmint's facility in Massena, New York. Gryphon used approximately 27MW of electricity at the site. The Agreement is scheduled to expire on January 1, 2025 or prior to that date as mutually agreed by the parties. Gryphon expects to announce updates on new locations prior to the expiration of the Agreement. 1 Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GRYPHON DIGITAL MINING, INC. Date: November 1, 2024 By: /s/ Steve Gutterman Name: Steve Gutterman Title: Chief Executive Officer 2