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.

Nov 30, 2021 at 10:36 a.m. UTC
Updated Nov 30, 2021 at 4:27 p.m. UTC

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.”

UPDATE (Nov. 30, 16:24 UTC): Clarifies Adit EdTech Acquisition Corp. is a special purpose acquisition company.

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Jamie Crawley is a CoinDesk news reporter based in London.