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Griid Infrastructure Set for NYSE Listing Through $3.3B Merger
Cincinnati-based Griid has three mining facilities in the U.S. and aims to have capacity of 734 megawatts operational by 2023.
Griid Infrastructure, which owns and operates bitcoin mining facilities, is to list on the New York Stock Exchange through a merger with Adit EdTech Acquisition Corp., a special purpose acquisition company.
- The combined enterprise value of the two companies is $3.3 billion, according to an announcement Tuesday.
- Cincinnati-based Griid has three facilities in the U.S. and aims to have mining capacity of 734 megawatts operational by 2023.
- The newly formed entity will operate under the name “GRIID Infrastructure Inc.” and list on the NYSE under the ticker symbol “GRDI.”
Read more: Blockchain ‘Blank Check’ SPAC Announces $100M IPO to Fund Acquisitions
STORY CONTINUES BELOW
UPDATE (Nov. 30, 16:24 UTC): Clarifies Adit EdTech Acquisition Corp. is a special purpose acquisition company.
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
