Condividi questo articolo
Bitcoin Miner GRIID Shares Extend Drop After Nasdaq Listing
GRIID commenced trading on the Nasdaq Global Market on Monday under the ticker symbol "GRDI" while continuing to trade on Cboe Canada under the same ticker.
Shares of bitcoin mining company GRIID Infrastructure (GRDI) extended their drop into the second day after the Cincinnati, Ohio-based firm completed its listing on Nasdaq this week following its merger with a special purpose acquisition company (SPAC) Adit EdTech Acquisition Corp.
Shortly after its Nasdaq debut on Monday, GRIID shares were trading at around $7.30, down around 24% against its opening price of $9.66. GRDI closed the day down 43% or $5.47 per share. On Tuesday, the stock fell as much as 17% before paring its earlier losses. GRDI was down about 3% at the time of writing.
STORY CONTINUES BELOW
Non perderti un'altra storia.Iscriviti alla Newsletter Crypto Daybook Americas oggi. Vedi tutte le newsletter
The listing comes after the company first announced its intention to go public during the bull market of 2021 when the combined enterprise value of the two companies was $3.3 billion. The miners, considered a proxy for bitcoin as their revenue is mainly based on the digital currency they mine, were hit particularly hard during the recent crypto winter. GRIID delayed its public listing during the bear market and was finally able to go public this year as the digital assets industry came out of the bear market.
The company's current market cap is around $322 million, based on 65 million shares outstanding as of Dec. 29.
GRIID, founded in 2018, has gone public when the mining industry is about to become even more competitive as the bitcoin halving event is set to take place in April. Miners are expanding and upgrading their fleets to become most efficient as companies with the lowest cost can stay profitable when halving cuts the mining rewards by half.
The company has 68 megawatts (MW) of electrical capacity and operates in Watertown, New York; Limestone, Maynardville and Lenoir City, Tennessee mining facilities. According to its latest filing, GRIID expects to expand its capacity to 436MW by the end of 2024.
Read More: Swan Bitcoin Unveils Mining Unit as Parent Company Prepares to Go Public
Di più per voi
Cosa sapere:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Di più per voi
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
Cosa sapere:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
