Gryphon Digital Mining announced its inclusion in the Russell Microcap Index, which will take effect on July 1.

The 100% renewable crypto mining company said the move will enable growth and enhance its visibility and attractiveness to institutional investors and funds.

"Our inclusion in the Russell Microcap Index underscores the rapid progress we believe Gryphon has made in the capital markets. It reflects our commitment to expanding our bitcoin mining operations while continuing to achieve high operational efficiency and maintaining lower-than-average mining costs," Gryphon CEO Rob Chang said.

The company, which trades on the Nasdaq under the ticker GRYP, has a market cap of just under $50 million. At publication time, the stock traded around $1.24 per share and was down 83% …