It wouldn’t be wrong to say that miners are one of the important cornerstones in Bitcoin. The activities they carry out and the sales associated with these activities always create a significant impact on the market. This time, the news about miners was not related to the price. It was announced that the American-based Bitcoin miner GRIID will start trading again on the Nasdaq stock exchange.
GRIID and the Nasdaq Move
GRIID has been known for operating vertically integrated Bitcoin mining facilities that benefit from low-cost and low-carbon energy. GRIID was founded in 2018 but began operating as a Bitcoin mining facility in 2019.
Bitcoin miner GRIID, with its power usage policy and vision, has expanded its recognition and trust environment over the years.
The adopted vision involves ensuring that affordable mining operations, within a reliable framework, support environmentally conscious power usage and make a self-sustaining mining business model possible in the long run.
According to recent developments, initiatives are being undertaken for the company’s shares to be traded on the Nasdaq Global Market. GRIID’s common stock will start trading under the symbol “GRDI”, and its warrants under the symbol “GRDIW”. The previously traded stock will continue to be traded under the same symbol at Cboe Canada, formerly known as NEO Exchange.
According to a statement by GRIID CEO Trey Kelly, this development that brings the company to the United States market will take the company to another dimension. In fact, the CEO seems confident that following the likely Nasdaq listing in the coming days, GRIID’s visibility and liquidity flow will be taken to a different level.
GRIID and the Merger Move
The key to GRIID’s acquisition of this position was a deal. The merger with Adit EdTech Acquisition Corp. was the key to unlocking this.
The acquisition was positively concluded on January 2nd, after two years following the initial offer. Following this agreement, a share listing occurred on Cboe Canada. On the other hand, Core Scientific, one of the leading Bitcoin mining companies, also seems to be preparing for a return to the Nasdaq stock exchange.
The public listing of Bitcoin miners like GRIID resonates greatly among cryptocurrency supporters. The acquisition specific to the company places GRIID alongside giant firms such as Coinbase Global and Marathon Digital.
