8 months ago
Bitcoin miner GRIID volition statesman trading its communal banal nether the “GRDI ” ticker connected the Nasdaq banal speech today, Jan. 29.
The Ohio-based miner stated that its Nasdaq listing presents an perfect signifier to proceed demonstrating its enactment and innovation successful the mining assemblage to a broader audience.
GRIID CEO Trey Kelly expressed delight astatine the milestone, adding that the listing “will heighten our visibility, liquidity, and broaden our capitalist basal arsenic we proceed to fortify our marketplace presumption and reenforce our committedness to delivering shareholder value.”
“Since launching successful 2018, it has been our ngo to leverage low-cost, low-carbon vigor to amended integrate powerfulness markets with bitcoin mining…We spot tremendous accidental arsenic we physique our institution astatine the intersection of vigor and money,” Kelly added.
Per a Jan. 9 filing with the U.S. Securities and Exchange Commission (SEC), GRIID had successfully mined 251 BTC during a nine-month play that concluded successful September 2023. The filing further disclosed the firm’s mean hash rate of 335 PH/s for the aforesaid duration.
This update followed GRIID’s merger with Adit EdTech, facilitated by a Special Purpose Acquisition Company (SPAC). The merger, finalized past year, marked the culmination of a astir two-year travel since the archetypal concern operation proposal. The entities were valued astatine astir $625 million.
Following the merger’s completion, GRIID was listed connected Cboe Canada nether the aforesaid ticker. It volition proceed trading connected this platform, the connection clarified.
GRIID was founded successful 2018 and has operated a BTC mining installation since 2019. The steadfast said it has secured affordable, reliable, environmentally liable power, providing its self-mining concern exemplary with important maturation opportunities. The institution operates 4 U.S. mining facilities successful Watertown, New York; Limestone, Maynardville, and Lenoir City, Tennessee.
The station Bitcoin miner GRIID debuts connected Nasdaq nether ‘GRDI’ ticker appeared archetypal connected CryptoSlate.
English (US) 