Bitcoin mining company GRIID, an American-based firm, is poised to resume trading on the Nasdaq stock exchange. Recognized as a key player in the Bitcoin ecosystem, GRIID operates mining facilities that utilize low-cost, low-carbon energy sources, aligning with environmentally conscious practices.
GRIID’s Nasdaq Endeavor
Founded in 2018 and commencing operations in 2019, GRIID has built a reputation for sustainable and affordable mining operations. The company’s vision emphasizes a reliable and eco-friendly approach to Bitcoin mining, aiming for a sustainable business model.
GRIID’s common stock is set to trade on the Nasdaq Global Market under the ticker “GRDI,” with warrants trading as “GRDIW.” These developments are expected to elevate GRIID’s market presence in the United States, enhancing both visibility and liquidity, according to CEO Trey Kelly.
The company’s ascent to the Nasdaq was facilitated by a merger with Adit EdTech Acquisition Corp., which concluded on January 2nd, leading to a share listing on Cboe Canada. This move places GRIID in the ranks of major firms like Coinbase Global and Marathon Digital.
The public listing of Bitcoin mining entities such as GRIID is a significant event for cryptocurrency enthusiasts, signaling the growing integration of crypto-related businesses within mainstream financial markets.