Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Bitcoin miner GRIID debuts on Nasdaq under ‘GRDI’ ticker

Bitcoin miner GRIID debuts on Nasdaq under ‘GRDI’ ticker

Crypto SlateCrypto Slate2024/01/30 02:40
By:Oluwapelumi Adejumo

The miner recently completed a SPAC deal that valued it at $625 million.

Bitcoin miner GRIID will begin trading its common stock under the “GRDI ” ticker on the Nasdaq stock exchange today, Jan. 29.

The Ohio-based miner stated that its Nasdaq listing presents an ideal stage to continue demonstrating its leadership and innovation in the mining sector to a broader audience.

GRIID CEO Trey Kelly expressed delight at the milestone, adding that the listing “will enhance our visibility, liquidity, and broaden our investor base as we continue to strengthen our market position and reinforce our commitment to delivering shareholder value.”

“Since launching in 2018, it has been our mission to leverage low-cost, low-carbon energy to better integrate power markets with bitcoin mining…We see tremendous opportunity as we build our company at the intersection of energy 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 period that concluded in September 2023. The filing further disclosed the firm’s average hash rate of 335 PH/s for the same duration.

This update followed GRIID’s merger with Adit EdTech, facilitated by a Special Purpose Acquisition Company (SPAC). The merger, finalized last year, marked the culmination of a nearly two-year journey since the initial business combination proposal. The entities were valued at approximately $625 million.

Following the merger’s completion, GRIID was listed on Cboe Canada under the same ticker. It will continue trading on this platform, the statement clarified.

GRIID was founded in 2018 and has operated a BTC mining facility since 2019. The firm said it has secured affordable, reliable, environmentally responsible power, providing its self-mining business model with significant growth opportunities. The company operates four U.S. mining facilities in Watertown, New York; Limestone, Maynardville, and Lenoir City, Tennessee.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Nexchain Raises $1.5 Million in Presale: Is This the Top ICO of 2025?

Nexchain has actual tech, a trustworthy team, a clear plan, and a utility and long-term coin. Its $1.5 million early success is more than hype, it shows that seasoned investors see the possibilities.Nexchain: Best Crypto ICO of 2025Other Major Crypto Presales to Look Out ForFinal Words: Nexchain, the High-Potential ICO to Invest In

Coinomedia2025/05/13 19:00
Nexchain Raises $1.5 Million in Presale: Is This the Top ICO of 2025?

Anchorage Digital Buys USDM Issuer Mountain Protocol

Anchorage Digital acquires Mountain Protocol to boost its stablecoin portfolio with regulated USDM.Anchorage Digital Expands with Mountain Protocol AcquisitionWhy This Acquisition MattersA Growing Role in Crypto Banking

Coinomedia2025/05/13 19:00
Anchorage Digital Buys USDM Issuer Mountain Protocol

$6B USDT Inflows Spark Altcoin Surge

Tether injects $6B into the market, fueling altcoin momentum as Ethereum gains dominance.Altcoin Rally Fueled by USDT InjectionsEthereum Gains, Bitcoin Loses GroundAltcoins Catch the Momentum

Coinomedia2025/05/13 19:00
$6B USDT Inflows Spark Altcoin Surge