GRIID Infrastructure Inc. (GRDI) announced the listing of its common stock on Cboe Canada. As previously announced, the business combination was approved by Adit EdTech (ADEX) stockholders on November 30, 2023, during a special meeting of Adit EdTech stockholders, and the transaction closed on December 29, 2023. GRIID’s common stock will begin trading on Cboe Canada, formerly known as the NEO Exchange, at market open on January 2, 2024, under the ticker symbol “GRDI” for GRIID’s common stock, and GRIID is seeking to list its common stock and warrants on a U.S. exchange. GRIID is a purpose-built bitcoin mining company, founded in 2018, that has operated mining facilities since 2019. GRIID has built long-term power relationships securing affordable, reliable, environmentally responsible power, enabling a vertically integrated self-mining business model with significant growth opportunity. The combined company, which has been renamed GRIID Infrastructure Inc., will continue to be led by Founder, Chairman and CEO Trey Kelly. David Shrier, former CEO of Adit EdTech, has joined GRIID’s Board of Directors. The business combination is intended to help GRIID to accelerate its core growth strategies and the expansion of its mining facilities throughout the United States. GRIID currently has four mining facilities in the United States in Watertown, New York and Limestone, Maynardville and Lenoir City, Tennessee.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ADEX:
- GRIID, Adit EdTech Acquisition Corp. complete business combination
- Adit EdTech Acquisition Cor trading halted, news pending
- Adit EdTech Acquisition Cor trading resumes
- Adit EdTech Acquisition Cor trading halted, volatility trading pause
- Adit EdTech Acquisition to voluntarily delist from NYSE American