Bitcoin mining company GRIID began trading today on the Nasdaq stock exchange under the ticker symbol “GRDI.”
“Today marks an important milestone for GRIID as we begin trading in the U.S. markets,” GRIID CEO Trey Kelly said in a statement. “We believe listing on Nasdaq will enhance our visibility, liquidity, and expand our investor base as we continue to strengthen our market presence and strengthen our commitment to delivering shareholder value.”
The listing follows GRIID’s merger with special purpose acquisition company Adit EdTech Acquisition Corp. on Jan. 2, more than two years after its initial offering.
GRIID will be listed on Cboe Canada following completion of the merger and will continue to trade on Canadian exchanges under the same ticker.
SPAC deal
In a SPAC transaction, an acquisition company formed for the purpose of acquiring a private company takes the private company public.
Headquartered in Cincinnati, GRIID has operated a Bitcoin mining facility since 2019, focusing on securing affordable, reliable, and environmentally responsible power. The company currently operates four U.S. mining facilities in Watertown, New York, Limestone, Maynardville and Lenoir City, Tennessee.
GRIID is listed on Nasdaq along with other Bitcoin mining companies such as Riot Platforms and Marathon Digital.
Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.
© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.