MASHINIi

Gryphon Digital Mining, Inc.

GRYP.US | Data processing, hosting and related activities

Gryphon Digital Mining, Inc. is a Bitcoin mining company. It focuses on utilizing renewable energy sources to mine Bitcoin. The company aims to be a sustainable and environmentally responsible player in the cryptocurrency mining industry. Their primary activity involves operating computer systems to...Show More

Ethical Profile

Mixed.

Gryphon Digital Mining is the first Bitcoin miner with Sustainable Bitcoin certification, independently verifying 100% renewable energy use in 2024. However, the company reportedly lost $560,000 in Bitcoin from a data breach via impersonation, raising security concerns. Employee reviews on Glassdoor cite "disrespectful managers" and a "toxic culture," though some mention good benefits. CEO compensation was $1.67M in 2024. Gryphon has also faced Nasdaq compliance issues and ongoing litigation with a former CEO, while maintaining a whistleblower policy.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-40
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech10
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

0

Gryphon Digital Mining's core business of Bitcoin mining and AI computing does not directly involve health-related products or services, resulting in a neutral score for most KPIs.

1
However, the company's operations have a positive impact on health externalities by utilizing 100% renewable energy in 2024 and over 98% renewable energy in fiscal year 2023.
2
This commitment to renewable energy significantly mitigates potential negative health impacts from pollution, leading to negligible health-harming externalities from its operations.

Fair Money & Economic Opportunity

0

Gryphon Digital Mining, Inc. is a Bitcoin mining company whose revenue is derived from mining Bitcoin.

1
The company does not offer lending, deposit, or other financial services to consumers.
2
Therefore, all KPIs related to fair money and economic opportunity, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives, data accessibility, fair lending compliance, wealth building outcomes, financial literacy initiatives, debt burden ratio, geographic inclusion, and product simplicity, are not applicable to its core business operations.
3
While the company focuses on job creation and local economic development in Massena, NY, this is not quantified as a percentage of profit reinvested in community finance or profit-sharing with underserved communities.
4

Fair Pay & Worker Respect

0

No specific, concrete data points were found in the provided articles for any of the KPIs related to Fair Pay & Worker Respect for Gryphon Digital Mining, Inc. (GRYP.US). While executive compensation data was available, median employee compensation was not, preventing the calculation of the CEO-median pay ratio.

1
Employee review data from Glassdoor was found for entities named 'Gryphon.ai'
2
and 'Gryphon' (Owensboro, KY),
3
but these were not explicitly identified as Gryphon Digital Mining, Inc. or GRYP.US, and their industry classifications or company details did not align with the company's description as a Bitcoin mining company. Therefore, this data could not be applied.

Fair Trade & Ethical Sourcing

0

No specific, concrete data points were found in the provided articles for any of the KPIs related to Fair Trade & Ethical Sourcing for Gryphon Digital Mining, Inc. The articles do not contain information on fair-trade certifications, supplier audit frequencies, forced or child labor incidents, supply chain traceability, remediation speed for violations, ethical clauses in supplier contracts, spend on high-risk materials, or supplier diversity spend.

1

Honest & Fair Business

-40

The company has a formal whistleblower policy, effective March 30, 2024.

1
This policy details procedures for reporting accounting, internal accounting controls, financial reporting, auditing matters, and securities law violations.
2
Anonymous reporting is permitted, and retaliation against whistleblowers is prohibited.
3
However, there is no evidence regarding the independence of investigation processes, communication to all staff, training frequency, or the policy's effectiveness metrics.

Kind to Animals

0

Gryphon Digital Mining is a Bitcoin mining company. Its core business operations, which involve operating computer systems for cryptocurrency mining, do not entail products requiring cruelty-free certification, animal testing, animal-derived ingredients, animal agriculture, or direct interaction with wildlife habitats.

1
Therefore, all KPIs related to animal welfare, cruelty-free practices, and animal-free alternatives are not applicable to the company's business model.

No War, No Weapons

0

Gryphon Digital Mining, Inc. is a Bitcoin mining company, with its primary activity being operating computer systems to mine Bitcoin. The company's revenue is derived from the Bitcoin it mines, totaling $20,539,000 in 2024.

1
There is no evidence provided in the articles to suggest the company has any revenue from arms or defense contracts, nor any exposure to controversial weapons.
2
The company's core business model does not involve defense, dual-use technology, or any activities that would require ethical red lines related to weapons, divestment from defense, or peace technology investment.
3
There is no evidence of procurement from conflict zones or any ethical red lines compliance rates related to military activities.
4

Planet-Friendly Business

0

Gryphon Digital Mining achieved 100% renewable energy operations in 2024, following over 98% in fiscal year 2023.

1
The company is independently certified as using 100% renewable energy and was the first bitcoin miner to receive Sustainable Bitcoin certification (GP4BTC) by Energy Web.
2
No environmental compliance violations, regulatory actions, or fines are mentioned in the provided articles.

Respect for Cultures & Communities

0

No evidence available to assess Gryphon Digital Mining, Inc on Respect for Cultures & Communities.

Safe & Smart Tech

10

Gryphon Digital Mining has not experienced any documented data breaches of its own systems in the past three years.

1
While 26 Bitcoin were diverted from a third party (Sphere 3D) due to Sphere's negligence, an independent security firm confirmed Gryphon's systems were not compromised.
2
The company employs industry-standard encryption, using AES-256 for data at rest and TLS 1.2 or higher for data in transit.
3
Access to Gryphon infrastructure requires an encrypted VPN with multi-factor authentication, and wireless networks utilize AES-based encryption and WPA2 authentication.
4
Multi-factor authentication is in place where supported, and password strength and rotation adhere to CIS Standards.
5
All employees complete initial security fundamentals/awareness training and participate in quarterly training.
6
Gryphon utilizes third-party security vendors to perform quarterly security, vulnerability, and penetration testing, with findings remediated according to severity and impact.
7
Critical vulnerabilities are patched within 24 hours on average. The company's SDLC program aligns with NIST 800-160, ISO 27001 annex a.14, and CIS Controls.
8
Gryphon retains personal data only for service delivery and legal compliance, disposing of it when no longer required, and deletes or returns personal information after 5 years or upon request.
9
Users have rights to access, rectify, erase, and restrict processing of their personal information, and can object to processing or withdraw consent.
10
The company does not engage in automated decision-making with legal or significant impact.
11
Gryphon states its obligation and policy to comply with all applicable governmental laws, rules, and regulations, including anti-corruption laws and the U.S. Foreign Corrupt Practices Act (FCPA).
12

Zero Waste & Sustainable Products

0

No evidence available to assess Gryphon Digital Mining, Inc on Zero Waste & Sustainable Products.

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.