Griid is expected to go public soon. Here's what we know about the IPO — and how to buy Griid stock when it's available.
What we know about the Griid IPO
Griid Infrastructure LLC, a US-based Bitcoin mining company that uses low-cost energy production methods in an effort to reduce its carbon footprint, has confirmed that it plans to go public by merging with Adit EdTech Acquisition Corp., a special purpose acquisitions company (SPAC).
Griid stands to receive around $200 million from the deal. The combined company is expected to have a market valuation of $3.3 billion.
Adit EdTech Acquisition Corp. currently trades on the NYSE under the ticker symbol "ADEX." After the merger, Griid will trade on the NYSE under the symbol "GRDI." The date Griid stock will begin trading has not yet been announced.
SPACs, or "blank check" companies, exist purely on paper for the purpose of going public, raising capital and merging with another company. Going public by merging with an SPAC is both quicker and easier than the traditional IPO process.
You can read more about the Griid-Adit EdTech merger in this business combination agreement submitted to the US Securities and Exchange Commission (SEC) on December 7, 2022. We'll update this page as more information becomes available.
How to buy Griid stock when it starts trading
Once Griid goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
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Open your brokerage account.Complete an application with your details.
Confirm your payment details.Fund your account.
Research the stock.Find the stock by name or ticker symbol – GRDI – and research it before deciding if it's a good investment for you.
Purchase now or later.Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
Finder's picks for buying Griid stock when it goes public
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How do similar companies perform?
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Looking at the performance of similar companies can help you decide if now is a good time to buy Griid stock.
See how the following stocks are performing, and view details like market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield.
Company summary
Riot Platforms, Inc., together with its subsidiaries, operates as a bitcoin mining company in North America. The company operates through three segments: Bitcoin Mining, Data Center Hosting, and Engineering. It also provides co-location services for institutional-scale bitcoin mining companies; critical infrastructure and workforce for institutional-scale miners to deploy and operate their miners; operation of data centers; and maintenance/management of computing capacity. In addition, the company engages in the design and manufacturing of power distribution equipment and custom engineered electrical products; and electricity distribution product design, manufacture, and installation services primarily focused on large-scale commercial, and governmental customers, as well as a range of markets, including data center, power generation, utility, water, industrial, and alternative energy. The company was formerly known as Riot Blockchain, Inc. Riot Platforms, Inc. was incorporated in 1998 and is based in Castle Rock, Colorado.
HIVE Digital Technologies Ltd. engages in the mining and sale of digital currencies in Canada, Sweden, and Iceland. The company operates data centers for computing and mining cryptocurrencies, including Bitcoin and other coins. It also provides infrastructure solutions, as well as computational capacity to distributed networks in the blockchain industry. The company was formerly known as HIVE Blockchain Technologies Ltd. and changed its name to HIVE Digital Technologies Ltd. in July 2023. HIVE Digital Technologies Ltd. was incorporated in 1987 and is headquartered in Vancouver, Canada.
Historical performance
Stock information
Market capitalization: $607707136
Dividend yield: N/A%
Company summary
MARA Holdings, Inc. operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States. The company was formerly known as Marathon Digital Holdings, Inc. and changed its name to MARA Holdings, Inc. in August 2024. MARA Holdings, Inc. was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.
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