Bitcoin miner GRIID will start buying and selling its frequent inventory on the Nasdaq Inventory Alternate beginning at this time, January 29, underneath the ticker “GRDI.”
The Ohio-based mining firm stated the Nasdaq itemizing is a perfect step to proceed demonstrating its management and innovation within the mining sector to a broader viewers.
GRIID CEO Trey Kelly expressed his delight at this milestone, saying that the itemizing “improves our visibility, liquidity as we proceed to strengthen our market place and strengthen our dedication to delivering shareholder worth.” “It will develop the investor base,” he added.
“Since our launch in 2018, it has been our mission to leverage low-cost, low-carbon vitality to higher combine electrical energy markets and Bitcoin mining… as we construct our firm on the intersection of vitality and cash. , we expect there's an enormous alternative,” Kelly added. .
In line with a Jan. 9 submitting with the U.S. Securities and Alternate Fee (SEC), GRIID efficiently mined 251 BTC within the 9 months ending in September 2023. The submitting additional revealed that the corporate's common hashrate is 335PH/s. similar interval.
This replace adopted the merger of GRIID and Adit EdTech, facilitated by a particular acquisition objective firm (SPAC). The merger, which was accomplished final yr, was the fruits of a virtually two-year journey for the reason that preliminary enterprise mixture proposal. The valuation of those corporations was roughly $625 million.
Following the completion of the merger, GRIID was listed on Cboe Canada underneath the identical ticker. The corporate stated in an announcement that it’ll proceed buying and selling on the platform.
GRIID was based in 2018 and has been working BTC mining services since 2019. The corporate stated it’s guaranteeing inexpensive, dependable and environmentally pleasant electrical energy, offering vital development alternatives for self-mining enterprise fashions. The corporate operates his 4 mining services in the US in Watertown, New York. Limestone, Maynardville, Lenoir Metropolis, Tennessee.
