Bitcoin miner GRIID will start buying and selling its widespread inventory below the “GRDI ” ticker on the Nasdaq inventory change immediately, Jan. 29.
The Ohio-based miner said that its Nasdaq itemizing presents a perfect 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 power to higher combine energy markets with bitcoin mining…We see great alternative as we construct our firm on the intersection of power and cash,” Kelly added.
Per a Jan. 9 submitting with the U.S. Securities and Trade 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 period.
This replace adopted GRIID’s merger with Adit EdTech, facilitated by a Particular Function Acquisition Firm (SPAC). The merger, finalized final 12 months, marked the end result of a virtually two-year journey for the reason that preliminary enterprise mixture proposal. The entities had been valued at roughly $625 million.
Following the merger’s completion, GRIID was listed on Cboe Canada below the identical ticker. It would 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 stated it has secured reasonably priced, dependable, environmentally accountable energy, offering its self-mining enterprise mannequin with vital progress alternatives. The corporate operates 4 U.S. mining amenities in Watertown, New York; Limestone, Maynardville, and Lenoir Metropolis, Tennessee.
