Gryphon Digital Mining (Gryphon Digital Mining) Net Margin % : -169.37% (As of Dec. 2023)

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What is Gryphon Digital Mining Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Gryphon Digital Mining's Net Income for the six months ended in Dec. 2023 was $-11.58 Mil. Gryphon Digital Mining's Revenue for the six months ended in Dec. 2023 was $6.84 Mil. Therefore, Gryphon Digital Mining's net margin for the quarter that ended in Dec. 2023 was -169.37%.

The historical rank and industry rank for Gryphon Digital Mining's Net Margin % or its related term are showing as below:

GRYP' s Net Margin % Range Over the Past 10 Years
Min: -755.96 Med: -595.8 Max: -169.37
Current: -169.37

GRYP's Net Margin % is ranked worse than
92.41% of 777 companies
in the Capital Markets industry
Industry Median: 13.69 vs GRYP: -169.37

Gryphon Digital Mining Net Margin % Historical Data

The historical data trend for Gryphon Digital Mining's Net Margin % 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.

* Premium members only.

Gryphon Digital Mining Net Margin % Chart

Gryphon Digital Mining Annual Data

Trend

Dec21

Dec22

Dec23

Net Margin %

-595.80

-755.96

-169.37

Gryphon Digital Mining Semi-Annual Data
	Dec21	Dec22	Dec23
Net Margin %	-595.80	-755.96	-169.37

Competitive Comparison of Gryphon Digital Mining's Net Margin %

For the Capital Markets subindustry, Gryphon Digital Mining's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Gryphon Digital Mining's Net Margin % distribution charts can be found below:

* The bar in red indicates where Gryphon Digital Mining's Net Margin % falls into.

Gryphon Digital Mining Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Gryphon Digital Mining's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	-11.578	/	6.836
	=	-169.37 %

Gryphon Digital Mining's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-11.578	/	6.836
	=	-169.37 %

Gryphon Digital Mining (NAS:GRYP) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Gryphon Digital Mining Net Margin % 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 » Net Margin %

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

From GuruFocus

Gryphon Digital Mining Announces January Operational Update

By PRNewswire • 02-13-2024