Gryphon Digital Mining Announces Sim Salzman to Continue as Chief Financial Officer
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LAS VEGAS, NV / ACCESSWIRE / September 27, 2024 / Gryphon Digital Mining, Inc. (Nasdaq:GRYP) ("Gryphon" or the "Company") a bitcoin mining company that is focused on becoming the leader in low-cost, environmentally sustainable operations, that Sim Salzman will continue in his role as Chief Financial Officer. Sim's decision to remain with Gryphon follows the company's recent efforts to bolster its management team and board, which included appointing Steve Gutterman as CEO and Jimmy Vaipoulos as Chairman.
"I am thrilled that Sim has decided to stay on as CFO," said Steve Gutterman, CEO of Gryphon Digital Mining. "His experience and leadership are great assets that will contribute to Gryphon's success. Sim recognizes the exciting path forward for our company, and we're delighted he will continue to be part of our journey."
The Company believes that Sim's continued commitment to Gryphon is a testament to the Gryphon's unwavering focus on its four-pillar strategy designed to maximize shareholder value:
1. Pursuing a dual-pronged growth strategy, targeting both organic revenue expansion and strategic M&A opportunities
2. Leveraging its competitive advantage in energy costs to drive margin enhancement
3. Maintaining a robust capital structure and balance sheet to support growth initiatives
4. Cultivating a high-performance management team to execute its strategic vision
"I am excited and inspired by the recent additions of operational expertise to Gryphon's management team and board," said Sim Salzman, CFO of Gryphon Digital Mining. "These strategic appointments have strengthened the Company's foundation while adding to Gryphon's execution capabilities. I'm deeply committed to the success of the Company and confident working with Steve, Jimmy, and the entire Gryphon team will position us to capitalize on the significant opportunities ahead."
Sim Salzman has served as Gryphon's Chief Financial Officer since the closing of the business combination with Akerna Corp. and joined Legacy Gryphon's management team as the Chief Financial Officer on June 19, 2023. Mr. Salzman is a results-oriented Chief Financial Officer with over 20 years of experience in public and private accounting across diverse industries including cryptocurrency, hospitality, retail, food and beverage, gaming, non-profit, construction, real estate, and low-income housing.
From late 2020 to March 2023, Mr. Salzman served as the Chief Financial Officer and Chief Accounting Officer for Marathon Digital Holdings, Inc., a digital asset technology company. During his tenure, the company experienced significant market capitalization growth. In addition, he was an integral part of the negotiations with major investment firms and was able to secure substantial capital investments utilizing debt and equity offerings. In that role, he implemented a new accounting system, streamlined financial processes, improved reporting accuracy, led financial forecasting and budgeting efforts, built a high-performing financial team, and collaborated with senior management to align financial goals with business objectives while raising liquidity to meet the daily operational needs.