Gryphon Digital Mining, a leading 100% renewable crypto mining company, has announced its inclusion in the prestigious Russell Microcap Index, effective July 1. This milestone is expected to facilitate growth for Gryphon and enhance its visibility and appeal to institutional investors and funds.

CEO Rob Chang expressed confidence in Gryphon's progress in the capital markets, emphasizing the company's commitment to expanding its bitcoin mining operations while maintaining high operational efficiency and competitive mining costs. Gryphon's inclusion in the Russell Microcap Index underscores its rapid advancement in the industry.

Trading on the Nasdaq under the ticker GRYP, Gryphon currently boasts a market capitalization of nearly $50 million. Despite this achievement, the stock has experienced a decline of 83% year-to-date, trading at approximately $1.24 per share at the time of publication.

Gryphon Digital Mining's inclusion in the Russell Microcap Index comes as part of the annual reconstitution of the Russell U.S. Indexes. The 2024 reconstitution, scheduled to take effect after the U.S. market closes on Friday, June 28, will recalibrate the indexes to accurately represent the evolving landscape of the U.S. economy.

Fiona Bassett, CEO of FTSE Russell, emphasized the importance of the annual reconstitution in maintaining the accuracy and relevance of the Russell Indexes, ensuring they effectively reflect the designated market segments.

Gryphon Digital Mining stands at the forefront of integrating digital assets into the clean energy grid. With its bitcoin mining operations independently certified as 100% renewable, the company is also pursuing a carbon-negative strategy, demonstrating its commitment to sustainability and innovation as it navigates the dynamic landscape of the cryptocurrency industry.