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Bitcoin Miner Griid Plans to Go Public in $3.3 Billion SPAC Deal

  • Firm will be listed on the NYSE under the ticker symbol GRDI
  • Company is building a portfolio of Bitcoin mining facilities

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, including debt. 

Under the plan, Griid is expected to receive about $246 million in cash from Adit EdTech. Griid Infrastructure will be listed on the New York Stock Exchange under the ticker symbol “GRDI”. Bloomberg reported on the talks of the deal last week. Adit EdTech shares rose 1.1% to $9.96 as of 10:10 a.m. in New York.