The firm is testing the waters with Nasdaq Global Market for trading common shares and warrants.
Kelly is of the firm opinion that the listing would aid in expanding its pool of potential investors.
GRIID, a cryptocurrency mining firm, situated in the United States, has formally gone live on the Nasdaq stock exchange. Up until this point, GRIID was known for operating Bitcoin mining operations that were vertically integrated and made use of cheap, low-carbon energy.
Although it was founded in 2018, it wasn’t until 2019 that it started mining Bitcoins. The GRIID Bitcoin mining operation has become well-known over the years as a result of its extensive network of influential connections.
Attracting Pool of Potential Investors
In the long term, establishing a vertically integrated self-mining business model with substantial development potential and providing inexpensive, dependable, ecologically responsible electricity are major goals of these agreements.
New information indicates that the firm is testing the waters with Nasdaq Global Market for trading common shares and warrants. Trading symbols for GRIID’s common stock and warrants are “GRDI” and “GRDIW,” respectively.
Cboe Canada will continue to trade the common shares under the same ticker as before. This achievement marks a key milestone for GRIID CEO Trey Kelly, as it pushes the business out to the United States market. He is certain that GRIID’s visibility and liquidity would be favorably affected by the Nasdaq listing in a few months.
Additionally, Kelly is of the firm opinion that the listing would aid in expanding its pool of potential investors. Keep in mind that this is happening at the same time as the Bitcoin miner is trying to solidify its place in the market and the upcoming halving is inching closer.