Bitcoin miner GRIID will start buying and selling its frequent inventory below the ‘GRDI’ ticker on the Nasdaq trade in the present day, January 29.
The Ohio-based miner mentioned its itemizing on the Nasdaq gives a perfect platform to proceed demonstrating its management and innovation within the mining sector to a broader viewers.
Trey Kelly, CEO of GRIID, welcomed this milestone, including that the itemizing “will improve our visibility and liquidity and broaden our investor base as we proceed to strengthen our market place and strengthen our dedication to delivering shareholder worth.”
“Since launching in 2018, our mission has been to leverage low-cost, low-carbon power to higher combine power markets with bitcoin mining… We see super alternative as we construct our enterprise on the intersection of power and cash,” mentioned Kelly . added.
As of January 9 submit to the US Securities and Change Fee (SEC), GRIID had efficiently mined 251 BTC over a nine-month interval ending in September 2023. The submitting additional revealed the corporate’s common hash charge of 335 PH/s for a similar period.
This replace adopted the merger of GRIID with Adit EdTech, facilitated by a Particular Function Acquisition Firm (SPAC). The merger, which closed final 12 months, marked the end result of an almost two-year journey because the authentic enterprise mixture proposal. The entities have been valued at roughly $625 million.
After the completion of the merger it turned GRIID mention on Cboe Canada below the identical ticker. It’ll proceed to commerce on this platform, the assertion clarified.
GRIID was based in 2018 and has been working a BTC mining facility since 2019. The corporate mentioned it has secured reasonably priced, dependable, environmentally accountable power, offering vital progress alternatives for its self-harvesting enterprise mannequin. The corporate operates 4 U.S. mining services in Watertown, New York; Limestone, Maynardville and Lenoir Metropolis, Tennessee.