Bitcoin Mining Griid plans of the company for public listing at the NYSE via a SPAC deal-mining Bitcoin messages

After the vertically integrated Bitcoin self-mining company Griid announced that it had secured a loan factility of $ 525 million from Blockchain.com, the company announced that it is planning to go to the stock exchange via a Specisition Acquisition Company (SPAC). Griid is noted after the merger with the company Adit Edtech at the New York Stock Exchange (NYSE).

Griid goes to the stock exchange

network infrastructure currently operates three mining facilities based in the USA and wants to put 734 megawatt (MW) into operation by 2023. On Tuesday, the company announced that there is an important Spac deal with Adit Edtech Acquisition Corp a total value of $ 3.3 billion. Griid has founded a newly founded holding company and the Griid mother company called Griid Holdco LLC and the holding company is taken over by Adit Edtech.

Griid explains that the company expects a return on sales of around $ 1.6 billion to expand the company's MW capacity for the 2023 financial year. The company currently has a total of 1,300 MW as part of agreements about Mous or Lois. With 734 MW, which are in operation by 2023, and cost-covering Bitcoin production costs of 6,225 USD Pro btc Acceleration of Griid's growth. In addition, Griid explains that the company "supports the growth of carbon -free energy generation".

"We are building an American infrastructure company with the largest pipeline of committed, carbon-free energy under public Bitcoin miners at the lowest costs of scaled production," said Trey Kelly, CEO from Griid, in a statement to Bitcoin.com News. "Our team has had a success record in the successful implementation in the past three years since the company was founded, and we look forward to achieving a capacity expansion through this transaction."

The founder of Adit Edtech imagines a "broader economic potential of green infrastructure"

After the merger, the combined company will operate in the name Griid Infrastructure Inc. and be noted at the NYSE under the ticker "GRDI". The merger announcement by Griid follows the company blockchain.com . The founder and managing partner of Adit Edtech, Eric Munson, sees the industry a lot of potential for an environmentally friendly infrastructure.

"The Griid focus on using the next generation of computing power for more efficient use of clean energy and network management shows the broader economic potential of green infrastructure," said Munson.

What do you think of the Spac deal between the Bitcoin miner Griid and Adit Edtech? Let us know your opinion on this topic in the comments below.

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