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Gryphon Digital Mining converts $13M debt into equity, reduces debt by 70%, and Anchorage Digital gains board seat as largest shareholder.
Gryphon Digital Mining has restructured its $18 million debt with Anchorage Digital, converting $13 million into equity and pre-funded warrants, reducing its debt by over 70%.
The remaining $5 million will be a three-year loan with a 4.25% interest rate, requiring only interest payments.
Anchorage Digital will gain a board seat and become Gryphon's largest shareholder, enhancing the company's financial position for future growth and strategic initiatives.
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Gryphon Digital Mining convierte la deuda de $13M en acciones, reduce la deuda en un 70%, y Anchorage Digital gana asiento como accionista más grande.