Material Event (Form 8-K)

Item 8.01. Other Events.

On April 15, 2025, due to high industry hash rates and high energy costs, Gryphon Digital Mining, Inc. (the "Company") and Blockfusion USA, Inc. ("Blockfusion") agreed to suspend mining operations and curtail service, respectively. The Company and Blockfusion are actively collaborating to rework their Co-Location Mining Services Agreement, dated as of December 1, 2024, to enable the Company to mine profitably moving forward. The Company expects to issue additional updates as appropriate.