Bitcoin Mining Firm GRIID Debuts on Nasdaq
Bitcoin Mining Firm GRIID Debuts on Nasdaq
On the present time, Bitcoin mining company GRIID commenced trading on the Nasdaq stock substitute.
In a January 29 press free up, the company presented it would perchance perhaps open trading under the ticker symbol ‘GRDI’.
“On the present time marks a well-known milestone for GRIID as we launch to trade in the U.S. market,” GRIID CEO Trey Kelly acknowledged in a issue. “We mediate that our list on Nasdaq will pork up our visibility, and liquidity, and broaden our investor irascible as we proceed to pork up our market arena and enhance our commitment to turning in shareholder worth.”
$GRDI @griid will open trading on the #Nasdaq as of late – capacity to switch! Now it’s time to make bigger/grow this operation. Congratulations @griid @harry_sudock @treykelly3. #Bitcoin #BTC pic.twitter.com/tTrLW0mwEq
— Dr.DeFi (@DrDeFiHoldings) January 29, 2024
GRDI is presently trading at $6.10, consistent with Google Finance.
Rising Bitcoin Mining Operations
In 2021, GRIID successfully secured a $525 million credit rating facility from Blockchain.com. The company had in the starting up planned to pursue a catalogue on the New York Stock Alternate, however the switch failed to materialize.
GRIID has now joined the ranks of somewhat about a Bitcoin mining companies, corresponding to Get up Platforms and Marathon Digital, by being listed on the Nasdaq.
Headquartered in Cincinnati, the mining company has been fervent about Bitcoin mining operations since 2019, with a spotlight on securing worth-effective and environmentally accountable energy. The company presently manages four Bitcoin mining services and products in Watertown, New York, and Limestone, Maynardville, and Lenoir Metropolis, Tennessee.
A New Morning time for GRIID Infrastructure Inc.
After merging with Adit EdTech Acquisition Corp in December 2023, GRIID used to be in the starting up listed on Cboe Canada. The switch ended in the combined company being renamed GRIID Infrastructure Inc. David Shrier, used CEO of Adit EdTech, joined GRIID’s Board of Directors.
As of September 30, GRIID had 20,623 Bitcoin mining machines installed consistent with a regulatory filing on January 9. This set up offered the company with a complete hash price of 447 peta hashes per second.
Roughly 67% of the energy feeble in the company’s services and products is carbon-free—a figure GRIID seeks to elevate to 90% by the conclusion of 2024. In the third quarter of 2023, the company reported revenues of $2.6 million, contributing to a complete revenue of $8 million for the indispensable three quarters of the old year.
Source : cryptonews.com
