Griid Infrastructure Set for NYSE Listing Through $3.3B Merger

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

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