Bitcoin Miner Griid Plans to Go Public in $3.3 Billion Merger

Bitcoin Miner Griid Plans to Go Public in $3.3 Billion Merger



Bitcoin Miner Griid Infrastructure LLC announced at the moment it had entered right into a definitive merger settlement with Adit EdTech Acquisition Corp. to listing on the New York Inventory Change (NYSE). Adit EdTech will purchase Griid Holdco LLC, a newly shaped holding firm and guardian of Griid, in a deal that values the mixed firm at about $3.3 billion.

Upon finishing the transaction, the corporate is anticipated to function as Griid Infrastructure Inc. and listing on the NYSE below the ticker image GRDI. The miner is anticipated to obtain roughly $246 million in money from the acquisition company at closing; Griid mentioned its present administration group would proceed to steer the enterprise.

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