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Griid Infrastructure Ord Shs GRDI

Alternate Symbol(s):  N.GRDI

Technology Software - Application
Griid Infrastructure Inc. is a bitcoin mining company engaged in operating bitcoin mining facilities. The Company operates a research and development center in Austin, Texas and a development, deployment and equipment repair center in Rutledge, Tennessee. It maintains mining facilities in Watertown, New York; Limestone, Maynardville and Lenoir City, Tennessee. It owns and operates a growing portfolio of energy infrastructure and high-density data centers across North America. The Company has built a cryptocurrency mining operation, which operates specialized computers (also known as miners) that generate cryptocurrency. The only cryptocurrency mined by the Company is bitcoin. The Company is focused on developing a power pipeline that relies on a low-carbon energy mix, including 1,300 MWe. Its mining operations use ASICs from Bitmain, MicroBT, and Intel.


NDAQ:GRDI - Post by User

Griid Infrastructure Ord Shs > Not looking good...
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•••
Post by TriumphSpitSixon Jun 13, 2024 4:43pm
33 Views
Post# 36087975

Not looking good...

Not looking good...


$114M total deficit

Ridiculously high $67.8k breakeven price on BTC mining expenses (underwater today with BTC at $66.7k) Seems those energy agreements in TVA territory haven't made much difference in their overall mining costs. Their break even price was only $41.5k in Dec 2023, so have risen by over 60%!

Share price has been consistently under $1.00 since April 29th, so they will be receiving or have already received a delisting notice from Nasdaq by now.

Looks like this gamble was a loser.

Silver lining: Maybe they get acquired?

 

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Dealroom for high-potential pre-IPO opportunities