GRDI

GRIID Infrastructure
GRDI

$0.8750

8.86%

Market Cap: $62.9M

About: GRIID Infrastructure Inc is a vertically integrated Bitcoin mining company. 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. Currently, the only cryptocurrency mined by GRIID is Bitcoin.

Employees: 45

Financials Finance Services

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

17% more funds holding

Funds holding: 18 [Q1] → 21 (+3) [Q2]

2.38% less ownership

Funds ownership: 7.15% [Q1] → 4.78% (-2.38%) [Q2]

25% less repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 4

42% less capital invested

Capital invested by funds: $6.08M [Q1] → $3.52M (-$2.56M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for GRDI.

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Financial journalist opinion

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates Merger of GRIID Infrastructure, Inc. – GRDI

NEW YORK, NY / ACCESSWIRE / August 8, 2024 / Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating GRIID Infrastructure, Inc. (Nasdaq: GRDI ), relating to its proposed sale to CleanSpark, Inc. Under the terms of the agreement, GRIID Infrastructure shareholders will receive shares of CleanSpark in an all-stock transaction based upon an exchange ratio.

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates Merger of GRIID Infrastructure, Inc. – GRDI

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates Merger of GRIID Infrastructure, Inc. – GRDI

NEW YORK, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating GRIID Infrastructure, Inc . ( Nasdaq : GRDI ), relating to its proposed sale to CleanSpark, Inc. Under the terms of the agreement, GRIID Infrastructure shareholders will receive shares of CleanSpark in an all-stock transaction based upon an exchange ratio.

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates Merger of GRIID Infrastructure, Inc. – GRDI

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates Merger of GRIID Infrastructure, Inc. - GRDI

NEW YORK , July 3, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating GRIID Infrastructure, Inc. (Nasdaq: GRDI ), relating to its proposed sale to CleanSpark, Inc. Under the terms of the agreement, GRIID Infrastructure shareholders will receive shares of CleanSpark in an all-stock transaction based upon an exchange ratio.

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates Merger of GRIID Infrastructure, Inc. - GRDI

GRIID INFRASTRUCTURE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of GRIID Infrastructure Inc- GRDI

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of GRIID Infrastructure Inc. (NasdaqGM: GRDI) to CleanSpark Inc. (NasdaqCM: CLSK). Under the terms of the proposed transaction, shareholders of GRIID will receive shares of CleanSpark common stock based upon an exchange ratio equal to the quotient obtained by dividing the aggregate merger consideration by the tot.

GRIID INFRASTRUCTURE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of GRIID Infrastructure Inc- GRDI

CleanSpark Releases June 2024 Bitcoin Mining Update

Company mined 445 bitcoin; Exceeds 20 EH/s, doubling operating hashrate since December LAS VEGAS , July 2, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today released its unaudited bitcoin mining and operations update for the month ending June 30, 2024. The Company achieved and exceeded its mid-year target of 20 EH/s in operational hashrate, a result of its previously announced acquisition of five new bitcoin mining sites in Georgia.

CleanSpark Releases June 2024 Bitcoin Mining Update

GRDI STOCK ALERT: Halper Sadeh LLC Is Investigating Whether the Sale of Griid Infrastructure Inc. Is Fair to Shareholders

NEW YORK, NY / ACCESSWIRE / June 29, 2024 / Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of GRIID Infrastructure Inc. (NASDAQ: GRDI) to CleanSpark Inc. is fair to GRIID shareholders. Under the terms of the proposed transaction, GRIID shareholders will receive shares of CleanSpark common stock based upon an exchange ratio equal to the quotient obtained by dividing the aggregate merger consideration by the total number of shares of GRIID common stock issued and outstanding as of the closing date of the proposed transaction.

GRDI STOCK ALERT: Halper Sadeh LLC Is Investigating Whether the Sale of Griid Infrastructure Inc. Is Fair to Shareholders

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of GRIID Infrastructure Inc.

NEW YORK , June 27, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by GRIID Infrastructure Inc. (NASDAQ: GRDI) and its board of directors concerning the proposed acquisition of the company by CleanSpark Inc. (NASDAQ: CLSK). Stockholders will receive shares of CleanSpark common stock in exchange for the shares of GRIID Infrastructure stock that they hold.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of GRIID Infrastructure Inc.

Shareholder Alert: Ademi LLP investigates whether GRIID Infrastructure Inc has obtained a Fair Price for its Public Shareholders

MILWAUKEE , June 27, 2024 /PRNewswire/ -- Ademi LLP is investigating GRIID (Nasdaq: GRDI) for possible breaches of fiduciary duty and other violations of law in its transaction with CleanSpark. Click here to learn how to join the https://www.ademilaw.com/case/griid-infrastructure-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether GRIID Infrastructure Inc has obtained a Fair Price for its Public Shareholders

GRDI Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of GRIID Infrastructure Inc. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of GRIID Infrastructure Inc. (NASDAQ: GRDI) to CleanSpark Inc. is fair to GRIID shareholders. Under the terms of the proposed transaction, GRIID shareholders will receive shares of CleanSpark common stock based upon an exchange ratio equal to the quotient obtained by dividing the aggregate merger consideration by the total number of shares of GRIID common stock issued and outstanding as o.

GRDI Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of GRIID Infrastructure Inc. Is Fair to Shareholders

CleanSpark Announces Agreement to Acquire GRIID Infrastructure Based on an enterprise value of $155 Million and Expansion Plans of over 400 MW in Tennessee

As a result of the transaction Cleanspark expects to add over 400 MW in Tennessee over the next 2 years CleanSpark's total announced, planned, and owned capacity now sits at over 1 GW of premium infrastructure in support of America's rapidly advancing technological environment LAS VEGAS , June 27, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK) ("CleanSpark") and GRIID Infrastructure Inc. (Nasdaq: GRDI) ("GRIID") announced today that they have entered into a definitive merger agreement pursuant to which CleanSpark will acquire all the issued and outstanding common stock of GRIID in an all-stock transaction. The total enterprise value, including payment and assumption of debt, of the transaction is $155 million.

CleanSpark Announces Agreement to Acquire GRIID Infrastructure Based on an enterprise value of $155 Million and Expansion Plans of over 400 MW in Tennessee

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