Gryphon Digital Restructures $18 Million Debt With Lender Anchorage, Grants It Board Seat
Portfolio Pulse from Anusuya Lahiri
Gryphon Digital Mining (NASDAQ:GRYP) has restructured its $18 million debt with Anchorage Digital, converting $13 million into equity and warrants, and retaining $5 million as debt. Anchorage gains a board seat, and Gryphon aims to leverage this for strategic growth.
October 28, 2024 | 12:05 pm
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Gryphon Digital Mining restructured its $18M debt with Anchorage Digital, converting $13M into equity and warrants, and retaining $5M as debt. This move strengthens Gryphon's balance sheet and positions it for strategic growth.
The restructuring reduces Gryphon's debt significantly and converts a large portion into equity at a premium, indicating confidence from Anchorage. This strengthens Gryphon's financial position and provides strategic input from Anchorage, likely boosting investor confidence and stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100