- GRIID Infrastructure Inc.’s common stock will begin trading on Cboe Canada under the ticker symbol “GRDI”
- The business combination between
GRIID andAdit EdTech Acquisition Corp. (“Adit EdTech”) represents a pro forma combined company enterprise value of approximately$625 million
GRIID is a purpose-built bitcoin mining company, founded in 2018, that has operated mining facilities since 2019. 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.
The combined company, which has been renamed
“Entering the public markets represents a significant milestone for GRIID, and we are excited to execute on the opportunities in front of us. We are focused on growing our capacity and increasing our hash rate,” said
The business combination is intended to help GRIID to accelerate its core growth strategies and the expansion of its mining facilities throughout
Advisors
About
GRIID (Cboe: GRDI) is a purpose-built bitcoin mining company, founded in 2018, that has operated mining facilities since 2019. 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. Headquartered in
Forward-Looking Statements
Certain statements in this press release may be considered forward-looking statements. Forward-looking statements are statements that are not historical facts and generally relate to future events or the Company’s future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements, including statements regarding GRIID’s growth and prospects, are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by GRIID and its management, are inherently uncertain and subject to material change. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, various factors beyond management’s control, including general economic conditions and other risks, uncertainties and factors set forth in GRIID’s filings with the
Cboe Canada has neither approved nor disapproved the contents of this press release and accepts no responsibility for the adequacy or accuracy of this release.
Media Contact:
Skyya PR
+1 651-335-0585
GRIID@skyya.com
Investor Contact:
Collected Strategies
+1 646-354-7698
griid-cs@collectedstrategies.com
Company Contact:
GRIID Infrastructure
+1-615-854-7556
harry@griid.com
Source:
2024 GlobeNewswire, Inc., source