In a filing with the United States Securities and Exchange Commission on Tuesday, special purpose acquisition company, or SPAC, Adit EdTech Acquisition Corp, announced it would merge with Cincinnati-based Bitcoin (BTC) miner Griid at a $3.3 billion enterprise valuation. SPACs are blank check companies created for the sole purpose of acquiring other firms. After the deal … [Read more...] about $3.3B Bitcoin mining company Griid to list on NYSE via SPAC deal
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Griid Infrastructure Set for NYSE Listing Through $3.3B Merger
Griid Infrastructure, which owns and operates bitcoin mining facilities, is to list on the New York Stock Exchange through a merger with Adit EdTech Acquisition Corp.The combined enterprise value of the two companies is $3.3 billion, according to an announcement Tuesday.Cincinnati-based Griid has three facilities in the U.S. and aims to have mining capacity of 734 megawatts … [Read more...] about Griid Infrastructure Set for NYSE Listing Through $3.3B Merger