Gryphon Digital Mining Announces Stock Repurchase Program of up to $5M
Portfolio Pulse from Benzinga Newsdesk
Gryphon Digital Mining, Inc. (NASDAQ:GRYP), a leading bitcoin mining company with a 100% renewable energy certification and a negative carbon strategy, has announced a new share buyback program. The program, authorized by its Board of Directors, permits the repurchase of up to $5 million of its common stock. Additionally, the company has successfully completed its machine upgrade program ahead of schedule, signaling operational efficiency and a commitment to growth.
April 22, 2024 | 11:04 am
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Gryphon Digital Mining announces a stock repurchase program of up to $5M and completes its machine upgrade program ahead of schedule.
Stock repurchase programs are generally viewed positively by the market as they often lead to a reduction in the number of shares outstanding, potentially increasing the value of remaining shares. Gryphon's completion of its machine upgrade program ahead of schedule also signals operational efficiency and a strong commitment to its growth strategy, which could further bolster investor confidence.
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