Locations: ONTARIO, CANADA, CHARLES, CINCINNATI, OHIO, US, TENNESSEE, NEW YORK, TN, UNITED STATES, NORTH AMERICA, SPAC
Retrieved on:
Wednesday, February 14, 2024
CINCINNATI, Feb. 14, 2024 (GLOBE NEWSWIRE) -- GRIID Infrastructure Inc. (Nasdaq: GRDI) (“GRIID” or the “company”), a vertically integrated bitcoin mining operator, announced plans to double the capacity of its bitcoin mining operations in Lenoir City, Tenn. from 20 MW to 40 MW in mid-2024 by adding a new site expected to power approximately 6,500 machines.
Key Points:
- CINCINNATI, Feb. 14, 2024 (GLOBE NEWSWIRE) -- GRIID Infrastructure Inc. (Nasdaq: GRDI) (“GRIID” or the “company”), a vertically integrated bitcoin mining operator, announced plans to double the capacity of its bitcoin mining operations in Lenoir City, Tenn. from 20 MW to 40 MW in mid-2024 by adding a new site expected to power approximately 6,500 machines.
- “We’re focused on building our growth and expanding our capacity by moving sites like this from our power pipeline to production,” said Trey Kelly, CEO of GRIID.
- In the aggregate, GRIID operates 68 MW of mining capacity (55MW in Tennessee).
- When the new facilities in Jackson and Lenoir City become fully operational, GRIID would have nearly 150 MW of mining capacity, which would more than double its current capacity and represents the ongoing commitment to growth in the Tennessee Valley.
Retrieved on:
Tuesday, February 6, 2024
CINCINNATI, Feb. 06, 2024 (GLOBE NEWSWIRE) -- GRIID Infrastructure Inc. (NASDAQ: GRDI) (“GRIID” or “Company”), an American infrastructure company that develops and operates vertically integrated bitcoin mining facilities, announced plans to develop and operate a 60 MW bitcoin mining site in Tennessee.
Key Points:
- CINCINNATI, Feb. 06, 2024 (GLOBE NEWSWIRE) -- GRIID Infrastructure Inc. (NASDAQ: GRDI) (“GRIID” or “Company”), an American infrastructure company that develops and operates vertically integrated bitcoin mining facilities, announced plans to develop and operate a 60 MW bitcoin mining site in Tennessee.
- The new mining site will be located in Jackson, Tennessee on a 15-acre plot owned by the Company.
- “GRIID came to the Tennessee Valley because of the favorable business climate and the availability of reliable and affordable low-carbon electricity,” said Trey Kelly, CEO of GRIID.
- “We’re excited to be working with GRIID Infrastructure on the establishment of the new mining facility in Jackson,” said Monte Cooper, President and CEO of the Jackson Energy Authority (JEA).
Retrieved on:
Tuesday, January 30, 2024
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Human Ten31 announced that its portfolio company GRIID Infrastructure has completed its listing on the Nasdaq Global Market stock exchange, representing the first public listing for any bitcoin-focused investment fund’s portfolio company.
Key Points:
- Ten31 announced that its portfolio company GRIID Infrastructure has completed its listing on the Nasdaq Global Market stock exchange, representing the first public listing for any bitcoin-focused investment fund’s portfolio company.
- Ten31 served as GRIID’s exclusive institutional capital partner ahead of its public trading debut, investing in GRIID out of its second institutional venture fund, Low Time Preference Fund II.
- Ten31 is the world’s leading bitcoin technology investor, having deployed over $100 million through its prior two fund vehicles.
- GRIID’s listing is a notable milestone for the bitcoin mining company, which first announced its intention to go public via a SPAC transaction reported in November 2021.
CINCINNATI, Jan. 29, 2024 (GLOBE NEWSWIRE) -- GRIID Infrastructure Inc. (“GRIID” or the “Company”) (NASDAQ: GRDI) (NEO: GRDI), an American infrastructure company that operates vertically integrated bitcoin mining facilities leveraging low-cost, low-carbon energy, announced that the company will begin trading its common stock and warrants on Nasdaq Global Market (“Nasdaq”) today.
Key Points:
- CINCINNATI, Jan. 29, 2024 (GLOBE NEWSWIRE) -- GRIID Infrastructure Inc. (“GRIID” or the “Company”) (NASDAQ: GRDI) (NEO: GRDI), an American infrastructure company that operates vertically integrated bitcoin mining facilities leveraging low-cost, low-carbon energy, announced that the company will begin trading its common stock and warrants on Nasdaq Global Market (“Nasdaq”) today.
- The company’s common stock will trade under the ticker symbol “GRDI,” and the warrants will trade under the ticker symbol “GRDIW”.
- GRIID has built long-term power relationships securing affordable, reliable, environmentally responsible power, enabling a vertically integrated self-mining business model with significant growth opportunity.
- “Today marks a significant milestone for GRIID as we begin to trade in the U.S. market,” said Trey Kelly, CEO of GRIID.
Retrieved on:
Wednesday, January 3, 2024
CINCINNATI, Jan. 03, 2024 (GLOBE NEWSWIRE) -- GRIID Infrastructure Inc. (“GRIID” or the “Company”), an American bitcoin mining company that leverages a low-cost, low-carbon energy mix to manage and operate vertically integrated bitcoin mining facilities, announces that, following the Company’s notifying the NYSE American LLC (the “Exchange”) of the Company’s intention to voluntarily delist from the Exchange, as previously disclosed in the Current Report on Form 8-K filed on January 2, 2024 with the United States Securities and Exchange Commission, the Company received a letter from the on January 2, 2024 stating that the staff of the Exchange has determined to commence proceedings to delist the Company’s Common Stock, Units and Redeemable Warrants (collectively, the “Securities”) pursuant to Section 119(f) of the NYSE American Company Guide because the Company consummated a business combination transaction without the required authorization from the Exchange.
Key Points:
- CINCINNATI, Jan. 03, 2024 (GLOBE NEWSWIRE) -- GRIID Infrastructure Inc. (“GRIID” or the “Company”), an American bitcoin mining company that leverages a low-cost, low-carbon energy mix to manage and operate vertically integrated bitcoin mining facilities, announces that, following the Company’s notifying the NYSE American LLC (the “Exchange”) of the Company’s intention to voluntarily delist from the Exchange, as previously disclosed in the Current Report on Form 8-K filed on January 2, 2024 with the United States Securities and Exchange Commission, the Company received a letter from the on January 2, 2024 stating that the staff of the Exchange has determined to commence proceedings to delist the Company’s Common Stock, Units and Redeemable Warrants (collectively, the “Securities”) pursuant to Section 119(f) of the NYSE American Company Guide because the Company consummated a business combination transaction without the required authorization from the Exchange.
- At this time, the Securities have been suspended from trading on the Exchange and will not continue to trade on the Exchange.
- The Company has a right to a review of the delisting determination by a Committee of the Board of Directors of the Exchange, provided a written request for such review is requested no later than January 9, 2024.
- Consistent with its notification of the Exchange regarding its intention to voluntarily delist from the Exchange, the Company has notified the Exchange that it does not intend to make such a request.
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Cryptocurrency Cboe Canada Inc. , the new business name of the NEO Exchange, is pleased to announce that GRIID Infrastructure Inc. (“GRIID), a low-carbon bitcoin mining company, has made their public markets debut today.
Key Points:
- Cboe Canada Inc. , the new business name of the NEO Exchange, is pleased to announce that GRIID Infrastructure Inc. (“GRIID), a low-carbon bitcoin mining company, has made their public markets debut today.
- GRIID is now listed and trading on Cboe Canada under the ticker symbol GRDI .
- “Entering the public markets on Cboe Canada represents a significant milestone for GRIID, and we are excited to execute on the opportunities in front of us,” said Trey Kelly, Founder, Chairman and CEO of GRIID Infrastructure.
- In Canada, Cboe consistently facilitates over 15% of all volume traded in Canadian-listed companies and more than 20% of all volume traded in Canadian ETFs.
The business combination between GRIID and Adit EdTech Acquisition Corp. (“Adit EdTech”) represents a pro forma combined company enterprise value of approximately $625 million
Key Points:
- The business combination between GRIID and Adit EdTech Acquisition Corp. (“Adit EdTech”) represents a pro forma combined company enterprise value of approximately $625 million
CINCINNATI, Jan. 02, 2024 (GLOBE NEWSWIRE) -- GRIID Infrastructure Inc. (Cboe CA: GRDI; “GRIID”), an American bitcoin mining company that leverages a low-cost, low-carbon energy mix to manage and operate vertically integrated bitcoin mining facilities, today announced the listing of its common stock on Cboe Canada.
- As previously announced, the business combination was approved by Adit EdTech stockholders on November 30, 2023, during a special meeting of Adit EdTech stockholders, and the transaction closed on December 29, 2023.
- GRIID’s common stock will begin trading on Cboe Canada, formerly known as the NEO Exchange, at market open on January 2, 2024, under the ticker symbol “GRDI” for GRIID’s common stock, and GRIID is seeking to list its common stock and warrants on a U.S. exchange.
- The business combination is intended to help GRIID to accelerate its core growth strategies and the expansion of its mining facilities throughout the United States.
Retrieved on:
Friday, December 29, 2023
CINCINNATI, Dec. 29, 2023 (GLOBE NEWSWIRE) -- GRIID Infrastructure Inc. (“GRIID” or the “Company”), an American bitcoin mining company that leverages a low-cost, low-carbon energy mix to manage and operate vertically integrated bitcoin mining facilities, today announced that it completed its business combination with Adit EdTech Acquisition Corp. (“Adit EdTech”) (NYSE: ADEX, ADEX.U, and ADEX.WS), a publicly traded special purpose acquisition company.
Key Points:
- CINCINNATI, Dec. 29, 2023 (GLOBE NEWSWIRE) -- GRIID Infrastructure Inc. (“GRIID” or the “Company”), an American bitcoin mining company that leverages a low-cost, low-carbon energy mix to manage and operate vertically integrated bitcoin mining facilities, today announced that it completed its business combination with Adit EdTech Acquisition Corp. (“Adit EdTech”) (NYSE: ADEX, ADEX.U, and ADEX.WS), a publicly traded special purpose acquisition company.
- Adit EdTech stockholders approved the business combination at a special meeting held on Nov. 30, 2023.
- Following the business combination, the surviving company was renamed GRIID Infrastructure Inc. Beginning on Tuesday, Jan. 2, 2024, GRIID’s common stock is expected to trade on Cboe Canada, the new business name of the NEO Exchange, under the ticker symbol “GRDI,” and GRIID is seeking to list its common stock and warrants on a U.S. exchange.
- A detailed description of the business combination can be found in the proxy statement/prospectus filed by Adit EdTech on Nov. 3, 2023, with the Securities and Exchange Commission (the “SEC”) and available at www.sec.gov , as well as Adit EdTech’s previous filings with the SEC and a current report on Form 8-K, which GRIID expects to file with the SEC within four business days following the closing of the business combination.
