Bitcoin miner GRIID debuts on Nasdaq under ‘GRDI’ ticker

Bitcoin miner GRIID will initiate purchasing and selling its long-established stock below the “GRDI ” ticker on the Nasdaq stock change at present time, Jan. 29.

The Ohio-based entirely miner stated that its Nasdaq itemizing items an absolute top stage to continue demonstrating its management and innovation in the mining sector to a broader viewers.

GRIID CEO Trey Kelly expressed pleasure at the milestone, adding that the itemizing “will toughen our visibility, liquidity, and develop our investor rotten as we continue to fortify our market place and fortify our dedication to delivering shareholder price.”

“Since launching in 2018, it has been our mission to leverage low-trace, low-carbon vitality to better combine vitality markets with bitcoin mining…We glance worthy alternative as we accept as true with our firm at the intersection of vitality and money,” Kelly added.

Per a Jan. 9 filing with the U.S. Securities and Switch Commission (SEC), GRIID had successfully mined 251 BTC throughout a nine-month length that concluded in September 2023. The filing additional disclosed the firm’s common hash fee of 335 PH/s for the same length.

This update followed GRIID’s merger with Adit EdTech, facilitated by a Special Reason Acquisition Firm (SPAC). The merger, finalized closing year, marked the conclude result of a with regards to 2-year trudge for the reason that initial industry mixture proposal. The entities were valued at roughly $625 million.

Following the merger’s completion, GRIID modified into once listed on Cboe Canada below the same ticker. It will continue purchasing and selling on this platform, the assertion clarified.

GRIID modified into once based in 2018 and has operated a BTC mining facility since 2019. The firm acknowledged it has secured more affordable, expert, environmentally guilty vitality, providing its self-mining industry model with essential progress alternatives. The firm operates four U.S. mining services and products in Watertown, Contemporary York; Limestone, Maynardville, and Lenoir Metropolis, Tennessee.