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Gryphon Digital Mining (Gryphon Digital Mining) Total Assets : $1.36 Mil (As of Dec. 2023)


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What is Gryphon Digital Mining Total Assets?

Gryphon Digital Mining's Total Assets for the quarter that ended in Dec. 2023 was $1.36 Mil.

During the past 12 months, Gryphon Digital Mining's average Total Assets Growth Rate was -96.80% per year.

Total Assets is connected with ROA %. Gryphon Digital Mining's annualized ROA % for the quarter that ended in Dec. 2023 was -111.19%. Total Assets is also linked to Revenue through Asset Turnover. Gryphon Digital Mining's Asset Turnover for the quarter that ended in Dec. 2023 was 0.66.

Gryphon Digital Mining Total Assets Historical Data

The historical data trend for Gryphon Digital Mining's Total Assets 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 Total Assets Chart

Gryphon Digital Mining Annual Data
Trend Dec21 Dec22 Dec23
Total Assets
38.64 19.47 1.36

Gryphon Digital Mining Semi-Annual Data
Dec21 Dec22 Dec23
Total Assets 38.64 19.47 1.36

Gryphon Digital Mining Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

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

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=-9.011+10.369
=1.36

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

Total Assets=Total Equity (Q: Dec. 2023 )+Total Liabilities (Q: Dec. 2023 )
=-9.011+10.369
=1.36

* 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.

Gryphon Digital Mining  (NAS:GRYP) Total Assets Explanation

Total Assets is connected with ROA %.

Gryphon Digital Mining's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Dec. 2023 ))/ count )
=-11.578/( (19.468+1.358)/ 2 )
=-11.578/10.413
=-111.19 %

Note: The Net Income data used here is one times the annual (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Gryphon Digital Mining's Asset Turnover for the quarter that ended in Dec. 2023 is

Asset Turnover
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Dec. 2023 ))/ count )
=6.836/( (19.468+1.358)/ 2 )
=6.836/10.413
=0.66

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Gryphon Digital Mining Total Assets 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 » Total Assets
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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