US crypto mining company GRIID completed its IPO yesterday through a reverse merger with a SPAC.
Its shares, under the ticker GRDI, began trading on the Nasdaq according to the published press release.
In December 2021, the company had announced a definitive agreement with Adit EdTech Acquisition Corp, which closed last January 2, 2024 and allowed the firm to begin trading on CBOE Canada.
According to the mining company's CEO, Trey Kelly, the Nasdaq listing will increase GRIID's visibility, liquidity and investor base as they continue to strengthen their position in the market.
The company, which was founded back in 2019, operates four Bitcoin mining facilities in New York and Tennessee.