SCHEDULE: Daniel Tolhurst Reports 1.2% Stake in Gryphon Digital Mining
Beneficial Ownership Report
Daniel Tolhurst has reported a 1.2% beneficial ownership stake in Gryphon Digital Mining, Inc., comprising common stock, restricted stock units, and warrants.
Summary
- Daniel Tolhurst beneficially owns an aggregate of 892,369 shares of Gryphon Digital Mining, Inc. common stock as of June 30, 2025.
- This ownership represents 1.2% of the company's outstanding common stock.
- The total shares outstanding used for this calculation were 72,557,715 as of May 15, 2025, based on information from the Issuer's Quarterly Report on Form 10-Q.
- The beneficial ownership includes 613,505 shares of common stock, 182,040 shares issuable upon settlement of restricted stock units subject to vesting conditions, and warrants exercisable for up to 96,824 shares of common stock.
Sentiment
Score: 6
Explanation: The filing is a routine disclosure of beneficial ownership by an individual. It indicates a personal investment in the company, which can be viewed as a positive sign of confidence, but it does not contain new operational or financial information that would significantly alter the company's outlook.
Positives
- Daniel Tolhurst holds a significant individual stake, indicating personal investment and potential confidence in the company.
Negatives
- NA
Risks
- The beneficial ownership includes 182,040 shares from restricted stock units subject to vesting conditions, meaning these shares are not fully owned until conditions are met.
- The beneficial ownership includes warrants exercisable for 96,824 shares, which may lead to future dilution if exercised.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of beneficial ownership by an individual in a publicly traded company, Gryphon Digital Mining, which operates in the digital asset mining sector. It does not provide specific insights into broader industry trends or competitive dynamics beyond the ownership structure of one of its stakeholders.
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| NA | NA | NA | NA | NA |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| NA | NA | NA | NA |
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant individual shareholder's stake, which may influence investor perception of insider confidence.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 2025-05-15 | Date of Issuer's Quarterly Report on Form 10-Q, which reported 72,557,715 shares outstanding. |
| 2025-06-30 | Date of event which requires filing of this statement, representing the 'as of' date for beneficial ownership calculation. |
| 2025-08-14 | Date the Schedule 13G Amendment No. 1 was signed by Daniel Tolhurst. |
Recommendation
holdThis Schedule 13G filing is a routine disclosure of an individual's beneficial ownership stake and does not contain new material information regarding the company's operations, financial performance, or strategic direction. The 1.2% stake, while notable for an individual, is not large enough to suggest activist intent or a significant shift in control. Therefore, it provides no new basis for a change in investment recommendation; existing investment theses should remain unchanged.
Keywords
Gryphon Digital Mining, Daniel Tolhurst, beneficial ownership, Schedule 13G, common stock, restricted stock units, warrants, cryptocurrency mining, digital assets
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