Bitcoin miner GRIID will start buying and selling its frequent inventory underneath the “GRDI ” ticker on the Nasdaq inventory alternate at this time, Jan. 29.
The Ohio-based miner said that its Nasdaq itemizing presents a great stage to proceed demonstrating its management and innovation within the mining sector to a broader viewers.
GRIID CEO Trey Kelly expressed delight on the milestone, including that the itemizing “will improve our visibility, liquidity, and broaden our investor base as we proceed to strengthen our market place and reinforce our dedication to delivering shareholder worth.”
“Since launching in 2018, it has been our mission to leverage low-cost, low-carbon vitality to higher combine energy markets with bitcoin mining…We see great alternative as we construct our firm on the intersection of vitality and cash,” Kelly added.
Per a Jan. 9 submitting with the U.S. Securities and Alternate Fee (SEC), GRIID had efficiently mined 251 BTC throughout a nine-month interval that concluded in September 2023. The submitting additional disclosed the agency’s common hash price of 335 PH/s for a similar length.
This replace adopted GRIID’s merger with Adit EdTech, facilitated by a Particular Function Acquisition Firm (SPAC). The merger, finalized final yr, marked the fruits of a virtually two-year journey because the preliminary enterprise mixture proposal. The entities have been valued at roughly $625 million.
Following the merger’s completion, GRIID was listed on Cboe Canada underneath the identical ticker. It should proceed buying and selling on this platform, the assertion clarified.
GRIID was based in 2018 and has operated a BTC mining facility since 2019. The agency mentioned it has secured reasonably priced, dependable, environmentally accountable energy, offering its self-mining enterprise mannequin with important progress alternatives. The corporate operates 4 U.S. mining services in Watertown, New York; Limestone, Maynardville, and Lenoir Metropolis, Tennessee.
