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GRIID, a Cincinnati-based eco-friendly Bitcoin mining company, begins trading on Nasdaq under the ticker “GRDI” following its successful merger with Adit EdTech. This move coincides with the recent approval of a Bitcoin ETF, which highlights the company’s strategic growth in the rapidly growing Bitcoin mining sector.
GRIID’s Nasdaq Debut Sets a Milestone for the Bitcoin Mining Industry
GRIID, a Bitcoin mining company headquartered in Cincinnati, is set to debut on the Nasdaq today under the ticker symbol “GRDI,” marking a significant milestone for the company. This move comes at a very important time for the Bitcoin industry recently. Spot Bitcoin ETF Approved Early this month.
Established in 2018, Grill Since 2019, we have been operating a Bitcoin mining facility with a focus on environmentally responsible practices. The company’s four mining facilities, strategically located in Watertown, New York, and Limestone, Maynardville, and Lenoir City, Tennessee, have played a critical role in its mission to leverage low-cost, low-carbon energy for Bitcoin mining operations.
Today’s Nasdaq listing follows the successful business combination between GRIID and Adit EdTech Acquisition Corp. (NYSE: ADEX), which aims to accelerate GRIID’s core growth and expansion efforts across the United States. GRIID’s common shares continue to trade on Cboe Canada under the same ticker symbol “GRDI.”
Trey KellyGRIID CEO, He said: “Today marks an important milestone for GRIID as it begins trading in the US markets. “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.”
Known for its stringent listing criteria and ability to attract visionary companies, GRIID’s listing on Nasdaq provides a tangible platform for GRIID to showcase its leadership and innovation to a broader audience. This move is particularly noteworthy against the backdrop of the rapidly growing Bitcoin mining sector.
GRIID: Purpose-built Bitcoin Miner
GRIID is a purpose-built Bitcoin mining company that secures long-term power relationships and ensures access to affordable, reliable, and environmentally responsible energy. These strategic advantages allow GRIID to pursue a vertically integrated self-mining business model with significant growth potential.
“Since our launch in 2018, our mission has been to better integrate electricity markets with Bitcoin mining by leveraging low-cost, low-carbon energy,” said Kelly. “Our leadership team has demonstrated discipline in operating and managing a growing portfolio of vertically integrated Bitcoin mining facilities that operate in an environmentally responsible manner.”
Listing on Nasdaq allows GRIID to capitalize on the burgeoning interest in the Bitcoin mining sector while providing a unique opportunity to explore maximum power utilization. The company has the potential to become a leading long-term energy asset partner, owner and operator, solidifying its position as a key player at the intersection of energy and cryptocurrency.
As we begin this new chapter as a publicly traded U.S. company, GRIID is ready to seize the numerous opportunities ahead in the ever-evolving world of Bitcoin mining and blockchain technology. Today’s Nasdaq listing is just the beginning of what promises to be an exciting journey for GRIID Infrastructure Inc.
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