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Gryphon Digital Mining (Gryphon Digital Mining) Retained Earnings : $-179.14 Mil (As of Dec. 2023)


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What is Gryphon Digital Mining Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Gryphon Digital Mining's retained earnings for the quarter that ended in Dec. 2023 was $-179.14 Mil.

Gryphon Digital Mining's quarterly retained earnings declined from Dec. 2021 ($-22.11 Mil) to Dec. 2022 ($-167.57 Mil) and declined from Dec. 2022 ($-167.57 Mil) to Dec. 2023 ($-179.14 Mil).

Gryphon Digital Mining's annual retained earnings declined from Dec. 2021 ($-22.11 Mil) to Dec. 2022 ($-167.57 Mil) and declined from Dec. 2022 ($-167.57 Mil) to Dec. 2023 ($-179.14 Mil).


Gryphon Digital Mining Retained Earnings Historical Data

The historical data trend for Gryphon Digital Mining's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Gryphon Digital Mining Retained Earnings Chart

Gryphon Digital Mining Annual Data
Trend Dec21 Dec22 Dec23
Retained Earnings
-22.11 -167.57 -179.14

Gryphon Digital Mining Semi-Annual Data
Dec21 Dec22 Dec23
Retained Earnings -22.11 -167.57 -179.14

Gryphon Digital Mining Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Gryphon Digital Mining  (OTCPK:KERNW) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Gryphon Digital Mining (Gryphon Digital Mining) Business Description

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Address
5953 Mabel Road, Unit 138, Las Vegas, NV, USA, 89110
Gryphon Digital Mining Inc is a Bitcoin mining company. Gryphon's mission is to create the world's leading net carbon-neutral Bitcoin miner. The Company will operate a digital asset, mining operation using specialized computers equipped with application-specific integrated circuit (ASIC) chips to solve complex cryptographic algorithms in support of the Bitcoin blockchain in exchange for cryptocurrency rewards (primarily Bitcoin).

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