Gryphon Digital Mining, Inc.

Groundbreaking acquisition of major energy site in Southern Alberta expected to catapult Gryphon into elite tier of global computing infrastructure providers

Acquisition Highlights Include:

• Massive 850 industrial zoned acreage with access to dual natural gas supply, grid connection, non-potable water resources, and dual high-speed fiber connection providers

• World class carbon capture and sequestration capabilities on-site can make this a truly green source of energy combined with redundant sources of power

• Expansive footprint expected to allow up to 4GW of total capacity; up to ~130MW anticipated by the end of 2026

• Experienced technical team comes with the asset and has over 100 years of combined industry expertise, led by Harry Andersen (former COO of Pembina Pipeline)

Signed definitive agreement for natural gas assets, securing low-cost power of 100 MW, expandable and scalable to 1 GW

Appointed energy industry veteran Eric Gallie as SVP of Energy Strategy

Pending acquisition is expected to deliver:

• Natural gas asset in Canada with 5+ Tcf of contingent resource

• Phase 1 power generation of 100 MW with expansion potential up to 1 GW

• All in energy costs of less than $0.03/KWH

Anchorage Digital to become largest shareholder and join Gryphon Digital Mining Board

Gryphon restructures Anchorage Digital debt of 304 BTC (approximately $18 million¹) to increase shareholder equity and reduce outstanding debt by over 70%, by:

• converting approximately $13M of debt into equity and pre-funded warrants at $1.10/share, a significant premium to current market price;

• restructuring the remaining $5 million debt as follows:

  • three year term;

  • 4.25% interest rate;

  • interest only payments during the term;

  • conversion features as described below; and

  • payable in USD over 3 years;.

• granting Anchorage Digital additional warrants to purchase 2 million shares at $1.50/share; and

• Anchorage Digital will become a key advisor to the Company and will be granted a seat on Gryphon's Board of Directors

Defining Month Highlighted by Augmenting Leadership Depth: Steve Gutterman Named as Chief Executive Officer, Jimmy Vaipoulos as Chairman and Sim Salzman to Continue as Chief Financial Officer