SCHEDULE 13G/A: Roxy Capital Corp and Eric Lazer Disclose Passive 0.2% Stake in Gryphon Digital Mining, Inc. via Warrant

Roxy Capital Corp and its director Eric Lazer have jointly filed an amended Schedule 13G, disclosing beneficial ownership of 0.2% of Gryphon Digital Mining, Inc.'s common stock through a warrant.

Summary

• Roxy Capital Corp and Eric Lazer (collectively, the "Reporting Persons") have filed an Amendment No. 1 to their Schedule 13G statement regarding Gryphon Digital Mining, Inc.
• The filing indicates beneficial ownership of 125,000 shares of Gryphon Digital Mining, Inc. common stock.
• This ownership is held in the form of a warrant, allowing the purchase of 125,000 shares at an exercise price of $1.50 per share.
• The aggregate amount beneficially owned by each Reporting Person is 125,000 shares.
• This represents 0.2% of the Issuer's common stock outstanding.
• The percentage is calculated based on 72,557,715 shares of common stock outstanding as of May 15, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q.
• Roxy Capital Corp is organized in the Cayman Islands, and Eric Lazer is a citizen of Canada.
• Eric Lazer, as Director of Roxy Capital, has sole voting and investment power over the securities held by Roxy Capital.
• The filing certifies that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: Neutral. This is a routine regulatory filing disclosing passive beneficial ownership. It does not contain positive or negative operational or financial news for the company, nor does it indicate any aggressive investment stance.

Positives

• The filing provides transparency regarding a passive beneficial ownership stake in Gryphon Digital Mining, Inc.
• The certification indicates that the investment is not intended to influence or change control of the issuer, suggesting a stable, non-activist position.

Negatives

• The beneficial ownership is through a warrant, meaning the shares are not yet owned outright and require an exercise to convert, which may or may not occur.
• The 0.2% stake is a very small percentage of the total outstanding shares, indicating limited direct influence on the company's operations or strategic direction by these reporting persons.

Risks

• The value of the warrant is contingent on the market price of Gryphon Digital Mining, Inc.'s common stock exceeding the $1.50 exercise price.
• The potential for dilution exists if the warrant is exercised and new shares are issued, although the impact from 125,000 shares would be minimal given the current outstanding share count.

Future Outlook

The document does not provide forward-looking statements or guidance from Gryphon Digital Mining, Inc. It is a regulatory disclosure of beneficial ownership by an investor.

Management Comments

• The filing includes a certification by Eric Lazer, on behalf of Roxy Capital Corp and himself, stating that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

This filing is a standard disclosure of passive beneficial ownership in a digital mining company. It does not provide specific insights into broader industry trends or the competitive landscape beyond the fact that Gryphon Digital Mining operates in this sector.

Comparison to Industry Standards

• This filing is a regulatory disclosure of beneficial ownership and does not contain financial results or operational metrics that would allow for a direct comparison to industry standards or specific comparable companies/projects. It simply states the percentage of ownership relative to the total outstanding shares of Gryphon Digital Mining, Inc.

Related Party Transactions

• Eric Lazer, a director of Roxy Capital Corp, has sole voting and investment power over the securities held by Roxy Capital Corp, which includes the warrant for 125,000 shares of Gryphon Digital Mining, Inc. common stock.

Stakeholder Impact

• Shareholders: Provides transparency regarding a passive beneficial ownership stake, which is small (0.2%) and unlikely to significantly impact control or strategic direction of the company.

Next Steps

• The document does not specify any future actions or milestones for the issuer or the reporting persons beyond the ongoing beneficial ownership.

Key Dates

Keywords

Gryphon Digital Mining, Roxy Capital Corp, Eric Lazer, Schedule 13G/A, Beneficial Ownership, Warrant, Common Stock, SEC Filing, Passive Investment, Digital Mining