NEW YORK, Feb. 24, 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Gryphon Digital Mining, Inc. (“Gryphon” or the “Company”) (NASDAQ: GRYP). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Gryphon and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On February 12, 2024, Gryphon issued a press release announcing its operational update for January 2024. Among other items, Gryphon disclosed that it had “[p]roduced approximately 58 bitcoin-equivalent coins” during the month, representing a more than 14% decline from its December production rate of 68 bitcoin-equivalent coins.
On this news, Gryphon’s stock price fell $1.63 per share, or 39.85%, over the following two trading days, to close at $2.46 per share on February 14, 2024.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980
SOURCE Pomerantz LLP
