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Bitcoin miner GRIID will start buying and selling its widespread inventory beneath the “GRDI ” ticker on the Nasdaq inventory trade immediately, Jan. 29.
The Ohio-based miner said that its Nasdaq itemizing presents an excellent 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 raised combine energy markets with bitcoin mining…We see super 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 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 fee 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 yr, marked the end result of an almost 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 beneath the identical ticker. It’s going to 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 inexpensive, dependable, environmentally accountable energy, offering its self-mining enterprise mannequin with vital development alternatives. The corporate operates 4 U.S. mining services in Watertown, New York; Limestone, Maynardville, and Lenoir Metropolis, Tennessee.