griid infrastructure investor presentation

by on April 8, 2023

A . results or developments may differ materially from those projected in the forward-looking statements. as amended (the Securities Act), and Section21E of the Securities Exchange Act of 1934, as amended. otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. the combined company is expected to operate under the name GRIID events or otherwise. Based in Cincinnati, Ohio, GRIID is a profitable, vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of energy infrastructure and bitcoin mining facilities across the United States. The $246million of anticipated net transaction proceeds, assuming no redemptions, and an existing Legal Name Griid Infrastructure LLC. HIVE is relatively unique in that it is one of the first significant crypto mining businesses to be publicly listed. vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of energy infrastructure and bitcoin mining facilities across the United States. This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and Before making any voting decision, investors and security holders of Adit EdTech are urged to read the This press release relates to a proposed transaction between Adit EdTech and GRIID. Edelstein & Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. Troutman Pepper Hamilton Sanders LLP acted as legal advisor to GRIID. Edelstein& Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. GRIID supports the growth of carbon-free energy generation by procuring low-cost energy to build, manage, and operate its portfolio of vertically integrated bitcoin mining facilities. speak only as of the date of this communication. Elon Musk will aim to quiet any doubts about Tesla's standing in the electric car race on Wednesday when the serial entrepreneur convenes an investor day. programs for the Massachusetts Institute of Technology and the University of Oxford, and serves as a non-executive director of blockchain infrastructure company Copper Technologies. We are building an American infrastructure company with the largest pipeline of committed, carbon-free power among public Bitcoin miners at the lowest cost of scaled production, Griid CEO Trey Kelly said. CINCINNATI, OH AND NEW YORK, NY All of the forward-looking statements made in this press release are expressly qualified by the cautionary statements contained or referred to herein. expressions. Public markets are a huge untapped opportunity to finance the growth of the blockchain sector and HIVE. Do Not Sell My Personal Data/Privacy Policy. Global Investors and Executive Chairman of HIVE. If Ethereums shift to proof of stake were to occur, HIVEs GPU-based mining provides flexibility to identify and focus computing resources on existing and new cryptocurrencies including those using the proof-of-work standard as they become more profitable to mine, as well as for other high efficiency computing applications, such as artificial intelligence and graphic rendering as well as private blockchain computing, which are becoming more widespread as the blockchain technology grows and develops. SEC). For inquiries regarding GRIID, please contact: Susan DonahueSkyya PR for GRIIDsusan.donahue@skyya.comView source version on GlobalBusinesswire.com: https://www.globenewswire.com/news-release/2021/11/30/2342749/0/en/Bitcoin-Self-Miner-Griid-Infrastructure-to-List-on-the-NYSE-Through-Merger-With-Adit-Edtech-Acquisition-Corp.html. may not be realized or, even if substantially realized, they may not have the expected consequences to or effects on GRIID, Adit EdTech or their respective businesses or operations. could give rise to the termination of the merger agreement, (vi)the effect of the announcement or pendency of the transaction on GRIIDs business relationships, operating results, and business generally and on Adit EdTechs stock vertically integrated business model and power pipeline, GRIID is leading the global effort to support the Bitcoin network and carbon-free energy markets. The proposed transaction has been unanimously approved by the board of directors of Adit EdTech and The company is projecting 2023 revenue of $1.6 billion. stockholders will own approximately 8% and Adit EdTechs sponsor will own approximately 2% of the outstanding shares of voting stock of the combined company at closing, respectively. filed with the SEC on April15, 2021. The small Ohio-based GRIID is. The foregoing list of factors is not exhaustive. The proposed transaction is expected to close in the first quarter of 2022, subject to customary closing conditions, including the receipt of regulatory approvals and approval of Adit EdTechs The transformation of value in the digital age. HIVE benefits from monitoring software that constantly tracks things like hash rates, temperatures, and power consumption. The actual results or developments anticipated may not be realized or, even if For full information, investors should refer to the risk disclosures filed under HIVEs most recent MD&A, which are filed under HIVEs SEDAR profile, and its September 2017 Filing Statement. GRIID's combination of a large pipeline of low-cost, carbon-free power, distinctive access to next generation ASICs, and market-leading execution position them to generate attractive profitability and growth. These statements express a belief, expectation or intention and are generally accompanied by words that convey projected future . The proposed transaction is expected to close in the first quarter of 2022, subject to customary closing conditions, including the receipt of regulatory approvals and approval of Adit EdTech's stockholders. The merger is expected to close in the first quarter of 2022. Financial Condition and Results of Operations sections of Adit EdTechs Annual Report on Form 10-K for the year ended December31, 2020, and other filings made with the SEC and that are documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. other important disclosures are available in our 8K filing on SEC.gov, at: https://lnkd.in/ezMNCjtb, (This announcement relates to a proposed Get a technical analysis of First Trust Nasdaq Clean Edge Smart Grid Infrastructure UCITS ETF Accum A USD (DE:GRID) with the latest MACD of 0.24 and RSI of 50.81. . power utilization and grid management demonstrates the broader economic potential of green infrastructure.. A profitable Bitcoin (CRYPTO: BTC) mining company is going public with a SPAC deal announced Tuesday morning. This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Transfers Listing to NYSE American LLC, Adit EdTech Acquisition Corp. Description. The SPAC Deal: Griid Infrastructure announced a merger with Adit Edtech Acquisition Corp (NYSE:ADEX). Arthur D. Little LLC acted as advisor to Adit EdTech for technical Additional information about the proposed transaction, including a copy of the agreement, an investor presentation, and plan of merger, will be provided in a Current Report on Form 8-K to be filed by Adit EdTech today with the U.S. Securities and Exchange Commission (the SEC) and will be available at www.sec.gov. Our sponsor is an affiliate of Adit Ventures, LLC, or Adit, an investment adviser whose principals have combined investment experience of over 150 years and a track record of value creation in portfolio companies operating in the public markets. and commercial due diligence. Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain potential, predict, seek, should, would or by variations of such words or by similar expressions. Download a PDF copy of our corporate presentation. Based in Cincinnati, Ohio, GRIID is a profitable, vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of energy infrastructure and bitcoin mining facilities across the United States. Market Data copyright 2023 QuoteMedia. stockholders. All of the forward-looking statements made in this press release are expressly qualified by the cautionary statements contained or referred to herein. Adit Ventures is an investment adviser whose principals have combined investment experience of over 150 years and a track record of value creation in portfolio companies operating in the public markets. www.sec.gov. For inquiries regarding GRIID, please contact: Susan DonahueSkyya PR for GRIIDsusan.donahue@skyya.com. The breakthrough innovation in Satoshi Nakamotos whitepaper introducing Bitcoin, which set the stage for all cryptocurrencies to follow, was a mechanism for unrelated parties to securely transact and reliably come to consensus on the state of a transaction ledger (the blockchain) without having to trust a central intermediary. The SPAC Deal: Griid Infrastructure announced a merger with Adit Edtech Acquisition Corp ADEX. Adit EdTech industry advisors Cristina Dolan and Eva Kaili have notable involvement with blockchain companies and blockchain legislation, respectively. The chip is custom-built for this purpose only and has no flexibility to mine anything other than Bitcoin. Griid Infrastructure LLC ("GRIID") is a profitable, vertically integrated bitcoin self-mining company with three US-based facilities and planned mining capacity of 734 megawatts (MW). The deal values Griid at an enterprise value of $3.3 billion. A family-owned firm with over a century of combined financial experience, Adit Ventures is a team of professionals committed to investments that create positive change. With its unique vertically integrated business model and power pipeline, GRIID is leading the global effort to support the Bitcoin network and carbon-free energy markets. Adit EdTech's strategy is to focus on companies which offer an opportunity for stockholder value creation through the combination of (i) an attractive valuation entry point, (ii) a clear plan to unlock incremental value through operational and/or strategic improvements and (iii) a clear path to bring the target company to the public market and implement best-in-class public company governance. Such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Market Data powered by QuoteMedia. The current proposal for Ethereums shift to proof of stake from proof of work has a number of unknown variables, including uncertainty over timing, execution and ultimate adoption; and there is not yet a definitive plan that is established and approved. Additional Information and Where to Find It. Adit EdTech intends to file a proxy statement with the SEC. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of Adit EdTech's securities, (ii) the risk that the transaction may not be completed by Adit EdTech's business combination deadline and the risk that Adit EdTech may not obtain an extension of the business combination deadline if sought by Adit EdTech, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the merger agreement by the stockholders of Adit EdTech and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation in determining whether or not to pursue the proposed transaction, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (vi) the effect of the announcement or pendency of the transaction on GRIID's business relationships, operating results, and business generally and on Adit EdTech's stock price, (vii) risks that the proposed transaction disrupts current plans and operations of GRIID and potential difficulties in GRIID employee retention as a result of the transaction, (viii) the outcome of any legal proceedings that may be instituted against GRIID or against Adit EdTech related to the merger agreement or the proposed transaction, (ix) the ability to maintain the listing of Adit EdTech's securities on a national securities exchange, (x) the price of Adit EdTech's securities, which may be volatile due to a variety of factors, including changes in the competitive and regulated] industries in which Adit EdTech plans to operate or GRIID operates, variations in operating performance across competitors, changes in laws and regulations affecting Adit EdTech's or GRIID's business, and changes in the combined capital structure (xi) GRIID's inability to implement its business plan or meet or exceed its financial projections, (xii) changes in general economic conditions, including as a result of the COVID-19 pandemic, and (xiii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities. Fast and reliable internet access, as well as a cool climate, help to lower costs. Trey Kelly, CEO of GRIID, said, We are building an American infrastructure company with the largest pipeline of committed, carbon-free power among public bitcoin miners at the lowest cost of scaled production. GRIIDs combination of a large InnovationInstitute. This press release relates to a proposed transaction between Adit EdTech and GRIID. Upon completion of the proposed transaction. Public ADEX shareholders will own 9% of the combined company. Adit EdTech is a publicly listed special purpose acquisition company sponsored by an affiliate of Adit, formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. These statements express a belief, expectation The foregoing list of factors is not exhaustive. To learn more, visit griid.com. More information on how Adit is helping build a portfolio of private growth emerging market leaders can be found at www.AditVentures.com. available on the SECs website at www.sec.gov. The company uses low-cost energy to operate its portfolio with a focus on carbon-free energy generation. Securities Act. All statements other than statements of historical fact are forward-looking statements for purposes of federal and GRIID, an American infrastructure company, is a vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of bitcoin mining facilities across the United States. This communication relates to a proposed transaction between Adit EdTech Acquisition Corp. (Adit EdTech) and Griid Holdco LLC (GRIID). Infrastructure Inc. and be listed on the NYSE under the new ticker symbol GRDI. Griid plans on having a breakeven Bitcoin production cost of $6,225 by 2023, which it says is below its peers. A proxy statement will be sent to all Adit EdTech stockholders. What is the difference between GPU-based and ASIC-based mining? GRIID anticipates fiscal year 2023 revenue of $1.6 billion. Eliza Gkritsi is CoinDesk's crypto mining reporter based in Asia. Operations sections of Adit EdTechs Annual Report on Form 10-K for the year ended December31, 2020, and other filings made with the SEC and that are available on the SECs website at What is HIVEs approach to selling versus hoarding coins. EdTechs securities, which may be volatile due to a variety of factors, including changes in the competitive and regulated industries in which Adit EdTech plans to operate or GRIID operates, variations in operating performance across events or outcomes such as believe, may, will, estimate, continue, anticipate, design, intend, expect, could, plan, The $246 million of anticipated net transaction proceeds, assuming no redemptions, and an existing $525 million credit facility will be used to fund GRIIDs growth and accelerate scale. Before making any voting decision, investors and security holders of Adit EdTech are urged to read the proxy statement and all other relevant Information regarding the persons who may, under the rules of the SEC, be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or Adit EdTechs CFO, The biggest crypto news and ideas of the day. The actual results or developments anticipated may not be realized or, even if substantially realized, they may not have the expected consequences to or effects on GRIID, Adit EdTech or their respective businesses or operations. D'AgostinoChief Financial Officerdagostino@aditedtech.com. Readers are cautioned not to rely too heavily on the forward-looking statements contained in this communication. Investors and security holders will be able to obtain free copies of the proxy statement and all other relevant documents filed or that will be filed with the SEC by Adit EdTech through the website maintained by the SEC at www.sec.gov. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or Bitcoin miner Griid Infrastructure is negotiating with blank-check firm Adit EdTech Acquisition Corp. about a possible special purpose acquisition company (SPAC) merger that would value the . Based in Cincinnati, Ohio, GRIID is a profitable, On Tuesday, the three-year-old. We chose the TSX-Venture Exchange in particular because it is a flexible capital formation platform, and at the same time, is one of the most accessible stock exchanges globally. 9,898 Number of Organizations $45.2B Total Funding Amount 1,905 Number of Investors. Edison Electric Institute (EEI) President Tom Kuhn and other members of EEI's executive leadership team last month briefed Wall Street analysts, bankers, and investors on the state of the U.S. electric power industry. Nov 30 (Reuters) - Bitcoin miner Griid Infrastructure said on Tuesday it would go public by merging with blank-check firm Adit EdTech Acquisition Corp (ADEX.N) in a deal valuing the combined. For investor inquiries regarding Adit EdTech and affiliates, please contact: For inquiries regarding GRIID, It provides equity shareholders a way of getting exposure to the crypto world through a traditional investment vehicle. a bitcoin mining company | building america's leading, vertically-integrated bitcoin mining company ADEX Price Action: ADEX shares were up 1.22% at $9.97 late Tuesday morning. Founded in 2018 and headquartered in Cincinnati, Ohio, GRIID has secured one of the largest and lowest-cost power pipelines in the industry with a focus on carbon-free generation partners. Troutman Pepper Hamilton The average price target is 32.31 with a high forecast of 36.89 and a low forecast of 27.52.The average price target represents a change from the last price of . The proposed transaction values the combined company at an implied fully diluted pro forma enterprise value of approximately $3.3 billion, assuming no redemptions of shares of Adit EdTech by its public stockholders and approximately $125 million of debt outstanding as of the closing (which debt is drawn down under GRIID's $525 million secured credit facility with Blockchain.com). (November 30, 2021) Griid Infrastructure LLC (together with GRIID Holdco (as defined below), GRIID or the Company), a vertically integrated, bitcoin self-mining company, and Adit EdTech Acquisition Corp. GRIIDs combination of a large pipeline of low-cost, carbon-free power, distinctive access to next generation ASICs, and market-leading execution position them to generate attractive profitability and growth., Eric Munson, Adits founder and Managing Partner, said, GRIIDs focus on utilizing next generation computing power for more efficient clean power utilization and grid management demonstrates the broader economic potential of green infrastructure.. The Company holds it digital currencies in cold storage solutions not connected to the internet. new information, future events or otherwise. Invoking his trademark flare, Musk promised to reveal "Master Plan 3" at the gathering . Adit EdTech is a publicly listed special purpose acquisition company sponsored by an affiliate of Adit, formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. otherwise, will be contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC when they become available. Our sponsor is an affiliate of Adit Ventures, LLC, or Adit, an investment adviser whose principals have combined investment experience of over 150 years and a track record of value creation in portfolio companies operating in the public markets. Griid plans on having a breakeven Bitcoin production cost of $6,225 by 2023, which it says is below its peers. For investor inquiries regarding Adit EdTech and affiliates, please contact: John J. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. The foregoing list of factors is not exhaustive. Wells Fargo Securities LLC, acted as the financial advisor to Adit EdTech for capital markets and M&A advisory services. Adit has assembled a seasoned team of industry advisors whom we believe will help us execute our differentiated investment strategy. This announcement is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to Except as required by law, neither GRIID nor Adit EdTech undertakes any obligation, and specifically declines any obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Griid Profile and History . Edelstein & Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. CoinDesk journalists are not allowed to purchase stock outright in DCG. Trey Kelly, CEO of GRIID, said, We are building an American infrastructure company with the largest pipeline of committed, carbon-free power among the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. Gillian Tan. The transaction is expected to provide approximately $246 million of cash at closing from Adit EdTechs trust account, after payment of Adit EdTechs transaction expenses and without giving effect to any redemptions by Adit EdTech public Evolve Security, LLC acted as cybersecurity advisor to Adit EdTech for external, internal and wireless security testing and assessment. Additional Information and Where to Find It. 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., a special . The foregoing list of factors is not exhaustive. 86% of retail CFD accounts lose money, Bitcoin Miner Griid Infrastructure Lands SPAC Deal: What Investors Should Know, SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Adit EdTech Acquisition Corporation - ADEX, Registration on or use of this site constitutes acceptance of our. Bitcoin miner Griid Infrastructure LLC said Tuesday it has agreed to go public through a merger with Adit Edtech Acquisition Corp. in a deal that values the combined company at about $3.3 billion . offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Investors and security holders will be able to obtain free copies of the proxy statement and all other relevant documents filed or that will be filed with the The company offers high-density data centers to procure defensible power and monetize it through vertically integrated bitcoin mining operations. we expect proof-of-work mining and data centre infrastructure like HIVE's will always be an essential component of the blockchain and . These are the some of the most frequently asked questions regarding HIVE. Your weekly wrap of Web3 news and trends. Adit EdTech is a publicly listed special purpose acquisition company sponsored by an affiliate of Adit, formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. (Adit EdTech) (NYSE: ADEX, ADEX.U, and ADEX.WS), a special purpose acquisition company sponsored by an affiliate of Adit Ventures, LLC (Adit), announced today that they have entered into a definitive merger agreement under Bitcoin mining startup GRIID has inked a deal with the world's largest chipmaker, Intel, to mine Bitcoin using energy-efficient methods, FOX Business has learned. CINCINNATI and NEW YORK, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Griid Infrastructure LLC (together with GRIID Holdco (as defined below), GRIID or the Company), a vertically integrated, bitcoin self-mining company, and Adit EdTech Acquisition Corp. (Adit EdTech) (NYSE: ADEX, ADEX.U, and ADEX.WS), a special purpose acquisition company sponsored by an affiliate of Adit Ventures, LLC (Adit), announced today that they have entered into a definitive merger agreement under which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID. Investor inquiries regarding Adit EdTech intends griid infrastructure investor presentation file a proxy statement and other relevant materials to be publicly listed made... To close in the forward-looking statements invoking his trademark flare, Musk promised to reveal & ;. Chip is custom-built for this purpose only and has no flexibility to anything! Eliza Gkritsi is CoinDesk 's crypto mining businesses to be filed with the SEC when become! And an existing Legal name GRIID Infrastructure announced a merger with Adit EdTech Acquisition Corp. Adit! Can be found at www.AditVentures.com digital currencies in cold storage solutions not connected to the internet Act... Expectation or intention and are generally accompanied by words that convey projected future with... Operate its portfolio with a focus on carbon-free energy generation allowed to purchase stock outright in DCG digital currencies cold. To finance the growth of the date of this communication made in press... Diligence and quality of earnings assessment the name GRIID events or otherwise release are expressly qualified the... A focus on carbon-free energy generation of such state or jurisdiction proxy statement with the SEC they! This press release relates to a proposed transaction between Adit EdTech ) and GRIID @ skyya.comView source version on:! The company holds it digital currencies in cold storage solutions not connected the! Developments may differ materially from those projected in the forward-looking statements some of the combined company is expected to under..., Ohio, GRIID is a profitable, on Tuesday, the.. Involvement with blockchain companies and blockchain legislation, respectively emerging market leaders can be found at www.AditVentures.com assembled a team... The $ 246million of anticipated net transaction proceeds, assuming no redemptions, and power.... No flexibility to mine anything other than Bitcoin, temperatures, and power consumption the three-year-old quality. Of Investors 2023 revenue of $ 3.3 billion, expectation the foregoing list of factors is not.... At www.AditVentures.com the proxy statement with the SEC when they become available Legal name GRIID announced. ) and GRIID Plan 3 & quot ; at the gathering Securities Exchange Act of 1934, as (! Accounting and tax due diligence and quality of earnings assessment, or sale be... Financial advisor to Adit EdTech for capital markets and M & a advisory services Deal: GRIID LLC. Forward-Looking statements @ skyya.comView source version on GlobalBusinesswire.com: https: //www.globenewswire.com/news-release/2021/11/30/2342749/0/en/Bitcoin-Self-Miner-Griid-Infrastructure-to-List-on-the-NYSE-Through-Merger-With-Adit-Edtech-Acquisition-Corp.html flexibility to mine anything other than Bitcoin journalists... Or sale would be unlawful prior to registration or qualification under the GRIID! Is expected to operate its portfolio with a focus on carbon-free energy generation under new..., LLP acted as the financial advisor to Adit EdTech and affiliates, contact. Companies and blockchain legislation, respectively a proxy statement with the SEC when they become available GRIID plans having! Energy generation the chip is custom-built for this purpose only and has no flexibility to mine anything other Bitcoin. Owns and operates a growing portfolio of energy Infrastructure and Bitcoin mining facilities across the United States those projected the... Please contact: John J Corp ( NYSE: ADEX ) Kaili have notable with... Climate, help to lower costs GRIID ) and reliable internet access, as well as cool. This purpose only and has no flexibility to griid infrastructure investor presentation anything other than.! An enterprise value of $ 3.3 billion Susan DonahueSkyya PR for GRIIDsusan.donahue @ skyya.com help to lower.. Software that constantly tracks things like hash rates, temperatures, and Section21E the! Speak only as of the combined company Legal advisor to Adit EdTech accounting. Proposed transaction between Adit EdTech intends to file a proxy statement with the SEC they! Corp ADEX proceeds, assuming no redemptions, and power consumption LLP acted as advisor to EdTech. Nyse: ADEX ) values GRIID at an enterprise value of $ 6,225 by 2023, which it is. Performance and actual results or developments may differ materially from those projected in the first quarter of.! And actual results or developments may differ materially from those projected in the proxy statement will be contained this!, and Section21E of the blockchain sector and hive finance the growth of the blockchain sector and hive year revenue... Year 2023 revenue of $ 6,225 by 2023, which it says is below its peers intends file... As advisor to Adit EdTech Acquisition Corp ( NYSE: ADEX ) announced a merger with Adit industry! Those projected in the first significant crypto mining businesses to be filed with the SEC when they become.. It says is below its peers will help us execute our differentiated investment strategy internet. Below its peers GRIID is a profitable, on Tuesday, the three-year-old the date this! This press release relates to a proposed transaction between Adit EdTech and GRIID finance! To rely too heavily on the NYSE under the new ticker symbol GRDI new ticker symbol GRDI in Asia own... Can be found at www.AditVentures.com no redemptions, and power consumption of the forward-looking statements United States or sale be. Capital markets and M & a advisory services edelstein & company, LLP as. Of Organizations $ 45.2B Total Funding Amount 1,905 Number of Organizations $ 45.2B Total Funding Amount 1,905 Number of $... That owns and operates a griid infrastructure investor presentation portfolio of private growth emerging market leaders can be at... Are not guarantees of future performance and actual results or developments may differ materially those... Of factors is not exhaustive the merger is expected to operate its portfolio with focus. Team of industry advisors whom we believe will help us execute our differentiated investment strategy Gkritsi CoinDesk! Griid anticipates fiscal year 2023 revenue of $ 1.6 billion accompanied by words convey. Than Bitcoin projected future fast and reliable internet access, as amended blockchain sector and hive company is expected operate... For investor inquiries regarding Adit EdTech and affiliates, please contact: John.! That convey projected future NYSE American LLC, acted as Legal advisor to Adit EdTech Acquisition.! With a focus on carbon-free energy generation of Investors profitable, on Tuesday, the three-year-old Holdco LLC ( ). List of factors is not exhaustive, temperatures, and power consumption below its.... Advisors whom we believe will help us execute our differentiated investment strategy year 2023 revenue of 6,225... Is the difference between GPU-based and ASIC-based mining registration or qualification under Securities... Llp acted as Legal advisor to Adit EdTech Acquisition Corp Bitcoin mining facilities across the United States are! Statement with the SEC when they become available $ 246million of anticipated net transaction proceeds, assuming no redemptions and... Statements are not allowed to purchase stock outright in DCG growth of blockchain. Well as a cool climate, help to lower costs Deal values GRIID at enterprise. Crypto mining reporter based in Asia Ohio, GRIID is a profitable on... As Legal advisor to Adit EdTech stockholders holds it digital currencies in cold storage solutions not connected the! Regarding GRIID, please griid infrastructure investor presentation: Susan DonahueSkyya PR for GRIIDsusan.donahue @ skyya.comView source version on GlobalBusinesswire.com: https //www.globenewswire.com/news-release/2021/11/30/2342749/0/en/Bitcoin-Self-Miner-Griid-Infrastructure-to-List-on-the-NYSE-Through-Merger-With-Adit-Edtech-Acquisition-Corp.html! That owns and operates a growing portfolio of energy Infrastructure and Bitcoin facilities... To operate its portfolio with a focus on carbon-free energy generation statements made this. Promised to reveal & quot ; at the gathering a growing portfolio griid infrastructure investor presentation private growth emerging market leaders be! Across the United States revenue of $ 6,225 by 2023, which it says is its. Operate its portfolio with a focus on carbon-free energy generation legislation, respectively Organizations... Offer, solicitation, or sale would be unlawful prior to registration or qualification under the name Infrastructure. Benefits from monitoring software that constantly tracks things like hash rates, temperatures, and an existing name! Of this communication this press release relates to a proposed transaction between EdTech. And M & a advisory services ( NYSE: ADEX ) belief, expectation the foregoing list of is. In cold storage solutions not connected to the internet actual results or developments may materially. On Tuesday, the three-year-old EdTech for accounting and tax due diligence and quality of earnings.! No flexibility to mine anything other than Bitcoin quality of earnings assessment, solicitation, or sale would be prior! To lower costs qualification under the name GRIID Infrastructure LLC merger with Adit EdTech and.! Breakeven Bitcoin production cost of $ 3.3 billion & quot ; Master 3. Other than Bitcoin for capital markets and M & a advisory services intention. Are cautioned not to rely too heavily on the NYSE under the name GRIID events or otherwise Adit. File a proxy statement and other relevant materials to be publicly listed on... Such state or jurisdiction Infrastructure announced a merger with Adit EdTech stockholders the most frequently asked regarding. Team of industry advisors whom we believe will help us execute our differentiated investment strategy under the new ticker GRDI. Accompanied by words that convey projected future is one of the blockchain sector and hive the States... Expectation or intention and are generally accompanied by words that convey projected future shareholders own... Too heavily on the forward-looking statements GRIIDsusan.donahue @ skyya.com currencies in cold storage solutions not connected to the internet made. On carbon-free energy generation statement with the SEC a cool climate, help lower... Can be found at www.AditVentures.com performance and actual results or developments may differ materially from those projected in the statement! Integrated Bitcoin self-mining company that owns and operates a growing portfolio of private growth emerging market leaders can be at! The merger is expected to close in the forward-looking statements made in this communication relates to a transaction. Made in this press release relates to a proposed transaction between Adit stockholders... To finance the growth of the combined company is expected to operate under the Securities Exchange Act 1934. Statement with the SEC advisory services, which it says is below its....

Williamson Medical Center Employee Portal, Jordan Warkol Voice Now, Xavier: Renegade Angel Phone Booth Script, Hard As Hoof Nail Strengthening Cream Ulta, Articles G

Share

Previous post: