Tampa, FL, March 11, 2024 (GLOBE NEWSWIRE) — Alpha Transform Holdings (ATH), a leading digital asset investment and advisory organization, released new research, Gryphon Digital Mining (GRYP): Green-Energy Powered Bitcoin Mining, announces price target of $3.37 per share.
- Gryphon Digital Mining is a public Bitcoin miner that recently has been listed on the NASDAQ exchange and has established itself as a leader in sustainability and efficiency.
- Led by Rob Chang, the management team leverages its many years in the public Bitcoin miner space and utilizes an asset-light business model to compete in this highly competitive industry.
- Bitcoin mining involves specialized computers (ASICs) verifying transactions and solving complex mathematical problems to add blocks to the blockchain.
- Bitcoin miners are all preparing for the upcoming Bitcoin supply halving which occurs every ~4 years and cuts the rewards given to miners in each block by half.
- Gryphon Digital Mining is well-positioned to outperform less efficient public miners going into the Bitcoin halving this year and can now utilize the public capital markets for its M&A strategy and rely on its seasoned leadership team that has managed through multiple Bitcoin cycles in the past to execute sustainable growth.
The asset-light model that Gryphon Digital utilizes will enhance its flexibility and enable the company to respond to new developments in the digital asset ecosystem unlike other bigger miners in the space.
The full report is available HERE.
(FAIR DISCLOSURE: Alpha Sigma Capital funds own shares of Gryphon Digital Mining.)
About Gryphon Digital Mining
Gryphon Digital Mining initiated its digital assets mining endeavors in September 2021, driven by a commitment to operational excellence and environmental stewardship. The company’s goal is to become a leading force in the industry while actively mitigating its environmental impact to achieve carbon neutrality. Emphasizing sustainability, Gryphon strives to promote the integration of digital assets into clean energy systems. Operating around 9,000 bitcoin ASIC mining computers, termed as “miners,” Gryphon has deployed these units at third-party mining data centers situated in New York. As an environmentally and socially responsible bitcoin miner, Gryphon aims to establish the world’s largest bitcoin mining operation with a carbon-neutral footprint. Presently, Gryphon employs net carbon-neutral energy sources within its power supply. For more information, please visit www.gryphondigitalmining.com.
About Alpha Transform Research
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Alpha Transform Research is provided by Alpha Sigma Capital Advisors, LLC, the Investment Manager for the Alpha Blockchain/Web3 Fund and Alpha Liquid Fund. Alpha Sigma Capital (ASC) investment funds are focused on emerging blockchain companies that are successfully building their user-base, demonstrating real-world uses for their decentralized ecosystems, and moving blockchain technology towards mass-adoption. ASC is focused on companies leveraging blockchain technology to provide value-add in areas such as fintech, AI, supply chain, and healthcare. Apply to receive research at www.alphasigma.fund/research.
About Alpha Transform Holdings
Alpha Transform Holdings (ATH) is a digital asset organization dedicated to ushering in the future of blockchain-powered Web3. With our deep knowledge and expertise, we invest in and advise innovative companies and decentralized projects that leverage blockchain technology to revolutionize traditional industries such as financial services, healthcare, media & entertainment, and more. We work closely with portfolio companies to drive value while creating outsized returns and are renowned for our detailed research on growing blockchain initiatives. Our mission is simple: to accelerate the mass adoption of distributed ledger technology through investments that provide impactful solutions with long-term sustainability. Our vision is an open, connected world powered by secure decentralized systems so that everyone can benefit from the new tech economy. https://www.alphatransform.io/
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