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GRIID Infrastructure and Adit EdTech Acquisition Corp. Complete Business Combination
ADEXAdit EdTech(ADEX) Newsfilter·2023-12-29 21:15

Core Insights - GRIID Infrastructure Inc. has completed its business combination with Adit EdTech Acquisition Corp., resulting in the company being renamed GRIID Infrastructure Inc. [1] - GRIID's common stock is expected to begin trading on Cboe Canada under the ticker symbol "GRDI" starting January 2, 2024, with plans to list on a U.S. exchange [1] Company Overview - GRIID is a bitcoin mining company founded in 2018, operating mining facilities since 2019, and focuses on a low-cost, low-carbon energy mix [3] - The company has established long-term power relationships to secure affordable and environmentally responsible energy, supporting its vertically integrated self-mining business model [3] - GRIID is headquartered in Cincinnati, Ohio, with additional facilities in Austin, Texas, and Rutledge, Tennessee, and maintains mining operations in New York and Tennessee [3]