Friday, December 1, 2023


OHIO Mines Bitcoin

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GRIID Infrastructure, an Ohio-based vertically integrated bitcoin self-mining company, announced November 30 that it is merging with Adit EdTech Acquisition Corporation (NYSE ticker: ADEX). The merger will value the new company at $3.3 billion. In addition, Adit EdTech will pay Griid $246 million in cash and fund GRIID’s growth, including an existing $525 million credit facility. 

GRIID is American-owned and operates bitcoin mining facilities with carbon-free power across the United States. GRIID will go public on the NYSE under the new ticker symbol “GRDI”.

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