Gryphon Digital Mining (Gryphon Digital Mining) Gross-Profit-to-Asset % : 32.99% (As of Dec. 2023)

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What is Gryphon Digital Mining Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Gryphon Digital Mining's annualized Gross Profit for the quarter that ended in Dec. 2023 was $3.44 Mil. Gryphon Digital Mining's average Total Assets over the quarter that ended in Dec. 2023 was $10.41 Mil. Therefore, Gryphon Digital Mining's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 32.99%.

Gryphon Digital Mining Gross-Profit-to-Asset % Historical Data

The historical data trend for Gryphon Digital Mining's Gross-Profit-to-Asset % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Gryphon Digital Mining Gross-Profit-to-Asset % Chart

Gryphon Digital Mining Annual Data

Trend

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

7.35

19.09

32.99

Gryphon Digital Mining Semi-Annual Data
	Dec21	Dec22	Dec23
Gross-Profit-to-Asset %	7.35	19.09	32.99

Competitive Comparison of Gryphon Digital Mining's Gross-Profit-to-Asset %

For the Capital Markets subindustry, Gryphon Digital Mining's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Gryphon Digital Mining's Gross-Profit-to-Asset % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Gryphon Digital Mining's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Gryphon Digital Mining's Gross-Profit-to-Asset % falls into.

Gryphon Digital Mining Gross-Profit-to-Asset % Calculation

Gryphon Digital Mining's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
	=	3.435	/	( (19.468	+	1.358)	/ 2 )
	=	3.435	/	10.413
	=	32.99 %

Gryphon Digital Mining's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	3.435	/	( (19.468	+	1.358)	/ 2 )
	=	3.435	/	10.413
	=	32.99 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is one times the annual (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Gryphon Digital Mining Gross-Profit-to-Asset % Related Terms

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Gryphon Digital Mining (Gryphon Digital Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Gryphon Digital Mining Inc (NAS:GRYP) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5953 Mabel Road, Unit 138, Las Vegas, NV, USA, 89110

Website

https://gryphondigitalmining.com

Gryphon Digital Mining Inc is a Bitcoin mining company. Gryphon's mission is to create the world's leading net carbon-neutral Bitcoin miner. The Company will operate a digital asset, mining operation using specialized computers equipped with application-specific integrated circuit (ASIC) chips to solve complex cryptographic algorithms in support of the Bitcoin blockchain in exchange for cryptocurrency rewards (primarily Bitcoin).

Gryphon Digital Mining (Gryphon Digital Mining) Headlines

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Gryphon Digital Mining Announces January Operational Update

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