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.”

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UPDATE (Nov. 30, 16:24 UTC): Clarifies Adit EdTech Acquisition Corp. is a special purpose acquisition company.