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.
Updated Apr 10, 2024 at 2:17 a.m. UTC
![Mining machines (Shutterstock)](https://www.coindesk.com/resizer/E4lZyfb-YPdVo_S2YUqkkfmery8=/567x320/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/VMY5RTV2YNCG7EP5JAWCP45MZ4.jpg)
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.