Gryphon Digital Mining Inc filed SEC Form 8-K: Termination of a Material Definitive Agreement
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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.
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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 | ||
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