Sec Form 4 Filing - Anchorage Lending CA, LLC @ Gryphon Digital Mining, Inc. - 2025-06-24

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Anchorage Lending CA, LLC 2. Issuer Name and Ticker or Trading Symbol Gryphon Digital Mining, Inc. [ GRYP] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) P.O. BOX - ONE EMBARCADERO CENTER #2409 3. Date of Earliest Transaction (MM/DD/YY) 06/24/2025 (Street) SAN FRANCISCO, CA94216 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 06/24/2025 M 2,000,000 A $ 0.55 10,287,984 D ( 1 ) Common Stock 06/24/2025 F( 2 ) 1,110,102 D $ 0.9909 9,177,882 D ( 1 ) Common Stock 06/24/2025 M 3,530,198 A $ 0.01 12,708,080 D ( 1 ) Common Stock 06/24/2025 F( 3 ) 35,626 D $ 0.9909 12,672,454 D ( 1 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Warrant (right to buy) $ 0.55 06/24/2025 M 2,000,000 10/25/2024 10/25/2034 Common Stock 2,000,000 $ 0 0 D ( 1 ) Warrant (right to buy) $ 0.01 06/24/2025 M 3,530,198 10/25/2024 10/25/2034 Common Stock 3,530,198 $ 0 0 D ( 1 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Anchorage Lending CA, LLC P.O. BOX - ONE EMBARCADERO CENTER #2409 SAN FRANCISCO, CA94216 X X Anchor Labs, Inc. P.O. BOX - ONE EMBARCADERO CENTER #2409 SAN FRANCISCO, CA94216 X X Signatures Anchorage Lending CA, LLC By: /s/ Margaret Vaden, General Counsel 07/03/2025 Signature of Reporting Person Date Anchor Labs, Inc. By: /s/ Margaret Vaden, General Counsel 07/03/2025 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Anchorage Lending CA, LLC ("Anchorage Lending") is wholly owned by Anchor Labs, Inc., a Delaware corporation ("Anchor Labs"). Accordingly, Anchor Labs may be deemed to share beneficial ownership of the securities held of record by Anchorage Lending. ( 2 )On June 24, 2025, Anchorage Lending exercised a warrant to purchase 2,000,000 shares of GRYP common stock for $0.55 a share. Anchorage Lending paid the exercise price on a cashless basis, resulting in GRYP's withholding of 1,110,102 of the warrant shares to pay the exercise price and issuing to Anchorage Lending the remaining 889,898 shares. ( 3 )On June 24, 2025, Anchorage Lending exercised a warrant to purchase 3,530,198 shares of GRYP common stock for $0.01 a share. Anchorage Lending paid the exercise price on a cashless basis, resulting in GRYP's withholding of 35,626 of the warrant shares to pay the exercise price and issuing to Anchorage Lending the remaining 3,494,572 shares.

Remarks: Dan Grigorin currently serves as Anchorage Lending's representative on the Issuer's board of directors, and therefore the Reporting Persons may each be deemed a "director by deputization" of the Issuer.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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