This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Adit EdTech, GRIID or the combined company, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Mining equipment is anticipated to remain useful for multiple years. Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain announce that less than a year since our IPO, $ADEX has signed a definitive agreement with what I believe to be an exceptional carbon-free bitcoin mining company: GRIID Infrastructure. Gillian Tan. Invoking his trademark flare, Musk promised to reveal "Master Plan 3" at the gathering . Adit EdTech intends to file a proxy statement with the SEC. Investors and security holders will be able to obtain free copies of the proxy statement and all other relevant documents filed or that will be filed with the SEC by Adit EdTech through the website maintained by the SEC at www.sec.gov. More information on how Adit is helping build a portfolio of private growth emerging market leaders can be found at www.AditVentures.com. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or Intel's second-generation miner, dubbed the Bonanza Miner 2, is the second most efficient on the market, according to an investor presentation filed in November by Griid Infrastructure, one of . GRIID's existing management team, led by President and CEO Trey Kelly, will continue to lead the business. Be a smarter, safer investor in eight weeks. Securities Act. The capital markets have very few options for investors to participate in the blockchain sector, and HIVE provides a unique opportunity to do so. This press release includes forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended (the Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended. We chose the TSX-Venture Exchange in particular because it is a flexible capital formation platform, and at the same time, is one of the most accessible stock exchanges globally. or at all, which may adversely affect the price of Adit EdTechs securities, (ii)the risk that the transaction may not be completed by Adit EdTechs business combination deadline and the risk that Adit EdTech may not obtain an Readers are cautioned not to rely too heavily on the forward-looking statements contained in this press release. Except as required by law, neither GRIID nor Adit EdTech undertakes any obligation, and specifically declines any obligation, to update or revise any forward-looking statements, whether as a result of Griid Infrastructure LLC (GRIID) is a profitable, vertically integrated bitcoin self-mining company with three US-based facilities and planned mining capacity of 734 megawatts (MW) operational by 2023 with a power cost of less than $25/MWh. Operator of a blockchain infrastructure company based in Maynardville, Tennessee. . We refer you to the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations sections of Adit EdTechs Annual Report on Form 10-K for the year ended December 31, 2020, and other filings made with the SEC and that are available on the SECs website at www.sec.gov. Elon Musk will aim to quiet any doubts about Tesla's standing in the electric car race on Wednesday when the serial entrepreneur convenes an investor day. Founded in 2018, GRIID Infrastructure is an American infrastructure company, is a vertically-integrated bitcoin self-mining company that owns and operates a growing portfolio of bitcoin mining facilities across the United States. Trey Kelly, CEO of GRIID, said, We are building an American infrastructure company with the largest pipeline of committed, carbon-free power among public bitcoin miners at the lowest cost of scaled production. All of the forward-looking statements made in this press release are expressly qualified by the cautionary statements contained or referred to herein. These statements express a belief, expectation or intention and are generally accompanied by words that convey projected future We refer you to the Risk Factors and Managements Discussion and Analysis of this press release. Adit EdTechs strategy is to focus on companies which offer an opportunity for stockholder value creation through the combination of (i) an attractive valuation entry point, (ii) a clear plan to unlock incremental value through operational and/or strategic improvements and (iii) a clear path to bring the target company to the public market and implement best-in-class public company governance. Days after an initial report, Griid Infrastructure has confirmed plans to go public, with the Cincinnati-based bitcoin mining startup valued at $3.3 billion. Adit EdTech Acquisition Corp. Covington & Burling LLP acted as legal advisor to Adit EdTech. More information on how Adit is helping build a portfolio of private growth emerging market leaders can be found at www.AditVentures.com. The proposed transaction is expected to close in the first quarter of 2022, subject to customary closing conditions, including the receipt of regulatory approvals and approval of Adit EdTechs Nov 30 (Reuters) - Bitcoin miner Griid Infrastructure said on Tuesday it would go public by merging with blank-check firm Adit EdTech Acquisition Corp (ADEX.N) in a deal valuing the combined. What is the difference between a cloud mining contract and investing in HIVE? Our team has demonstrated a track record of successful execution over the past three years since starting the company, and we look forward to delivering expansion of capacity through Adit EdTech intends to file a proxy statement with the SEC. This communication relates to a proposed transaction between Adit EdTech Acquisition Corp. (Adit EdTech) and Griid Holdco LLC (GRIID). ", Eric Munson, Adit's founder and Managing Partner, said, "GRIID's focus on utilizing next generation computing power for more efficient clean power utilization and grid management demonstrates the broader economic potential of green infrastructure.". stockholders will own approximately 8% and Adit EdTechs sponsor will own approximately 2% of the outstanding shares of voting stock of the combined company at closing, respectively. proposed transaction disrupts current plans and operations of GRIID and potential difficulties in GRIID employee retention as a result of the transaction, (viii)the outcome of any legal proceedings that may be instituted against GRIID or A proxy statement will be sent to all Adit EdTech stockholders. HIVE benefits from monitoring software that constantly tracks things like hash rates, temperatures, and power consumption. Investors and security holders will be able to obtain free copies of the proxy statement/prospectus and all other relevant documents filed or that will Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of Adit EdTechs securities, (ii) the risk that the transaction may not be completed by Adit EdTechs business combination deadline and the risk that Adit EdTech may not obtain an extension of the business combination deadline if sought by Adit EdTech, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the merger agreement by the stockholders of Adit EdTech and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation in determining whether or not to pursue the proposed transaction, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (vi) the effect of the announcement or pendency of the transaction on GRIIDs business relationships, operating results, and business generally and on Adit EdTechs stock price, (vii) risks that the proposed transaction disrupts current plans and operations of GRIID and potential difficulties in GRIID employee retention as a result of the transaction, (viii) the outcome of any legal proceedings that may be instituted against GRIID or against Adit EdTech related to the merger agreement or the proposed transaction, (ix) the ability to maintain the listing of Adit EdTechs securities on a national securities exchange, (x) the price of Adit EdTechs securities, which may be volatile due to a variety of factors, including changes in the competitive and regulated] industries in which Adit EdTech plans to operate or GRIID operates, variations in operating performance across competitors, changes in laws and regulations affecting Adit EdTechs or GRIIDs business, and changes in the combined capital structure (xi) GRIIDs inability to implement its business plan or meet or exceed its financial projections, (xii) changes in general economic conditions, including as a result of the COVID-19 pandemic, and (xiii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities. Earth Grid Virtual Investor Presentation Wednesday March 8th at Noon. Mining Companies With Fewer Than 50 Employees . filed with the SEC on April15, 2021. Just like HTTP, the original vision of Satoshi proof-of-work mining is the backbone of the whole blockchain world. Adit Ventures offers curated and professionally managed access to equity in All of the forward-looking statements made in this communication are expressly qualified by the cautionary statements contained or referred to herein. John DAgostino, founded and leads the AIMA Digital Asset Working Group, is Chair of the of the UK Governments Department International Trades Asset Management Working Group, and is Fellow of the AIF Global Financial Everyday HIVE earns new crypto coins which it can monetize for revenue and cash flow. The company is projecting 2023 revenue of $1.6 billion. transaction, and identify and realize additional opportunities. Additional information about the proposed transaction, including a copy of the agreement, an investor presentation, and plan of merger, will be provided in a Current Report on Form 8-K to be filed by Adit EdTech today with the U.S. Securities and Exchange Commission (the "SEC") and will be available at www.sec.gov. GRIID, Adit EdTech and their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. The company is projecting 2023 revenue of $1.6 billion. 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 . The Company holds it digital currencies in cold storage solutions not connected to the internet. Such statements are not guarantees of future performance and actual results or developments may Professional miner. This is the main distinction from HIVE. Griid Infrastructure LLC ("GRIID") is a profitable, vertically integrated bitcoin self-mining company with three US-based facilities and planned mining capacity of 734 megawatts (MW) operational by 2023 with a power cost of less than $25/MWh. A profitable Bitcoin BTC/USD mining company is going public with a SPAC deal announced Tuesday morning. potential, predict, seek, should, would or by variations of such words or by similar expressions. GRIID, Adit EdTech and their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. This is where GRIID Infrastructure's plan to revolutionize how Bitcoin is mined comes in. other documents regarding the proposed transaction with the SEC. These statements express a belief, expectation or intention and are generally accompanied by words that convey projected future events or outcomes such as "believe," "may," "will," "estimate," "continue," "anticipate," "design," "intend," "expect," "could," "plan," "potential," "predict," "seek," "should," "would" or by variations of such words or by similar expressions. The foregoing list of factors is not exhaustive. design, intend, expect, could, plan, potential, predict, seek, should, would or by variations of such words or by similar Based in Cincinnati, Ohio, GRIID is a profitable, vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of energy infrastructure and bitcoin mining facilities across the United States. Adit EdTech is a publicly listed A . For investor inquiries regarding Adit EdTech and affiliates, please contact: For inquiries regarding GRIID, Assuming no redemptions, current GRIID equity holders will own approximately 90%, Adit EdTech public Readers are cautioned not to rely too heavily on the forward-looking statements contained in this communication. please contact. Upon completion of the proposed transaction. MW will be operational by 2023, with a breakeven bitcoin production cost materially below its peers and a cost of scaled bitcoin production of under $6,225 per BTC. The foregoing list of factors is not exhaustive. programs for the Massachusetts Institute of Technology and the University of Oxford, and serves as a non-executive director of blockchain infrastructure company Copper Technologies. www.sec.gov. documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. The proposed transaction values the combined company at an implied fully diluted pro forma enterprise value of approximately $3.3 billion, assuming no redemptions of shares of Adit EdTech by its public stockholders and approximately $125 million of debt outstanding as of the closing (which debt is drawn down under GRIIDs $525 million secured credit facility with Blockchain.com). will be provided in a Current Report on Form 8-K to be filed by Adit EdTech today with the U.S. Securities and Exchange Commission (the SEC) and will be available at www.sec.gov. Terms of Use. competitors, changes in laws and regulations affecting Adit EdTechs or GRIIDs business, and changes in the combined capital structure (xi)GRIIDs inability to implement its business plan or meet or exceed its financial Adit EdTech also will file other documents regarding the proposed transaction with the SEC. prior to registration or qualification under the securities laws of such state or jurisdiction. The current proposal for Ethereums shift to proof of stake from proof of work has a number of unknown variables, including uncertainty over timing, execution and ultimate adoption; and there is not yet a definitive plan that is established and approved. These forward looking statements stockholders. Description. The following communication was posted by David Shrier on LinkedIn: I am pleased to Tesla CEO Elon Musk is scheduled to unveil the automaker's longterm plan at an investor day in Texas. Griid Infrastructure LLC ("GRIID") is a profitable, vertically integrated bitcoin self-mining company with three US-based facilities and planned mining capacity of 734 megawatts (MW). general economic conditions, including as a result of the COVID-19 pandemic, and (xiii)the ability to implement business plans, forecasts, and other expectations after the completion of the proposed An investor presentation and Adit EdTechs strategy is to focus on companies which offer an opportunity for stockholder value creation through the combination of (i)an attractive valuation entry point, (ii)a. clear plan to unlock incremental value through operational and/or strategic improvements and (iii)a clear path to bring the target company to the public market and implement best-in-class public company governance. otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. Information regarding Adit EdTechs directors and executive officers is available in Adit EdTechs Annual Report on Form 10-K for the year ended December31, 2020 regulations affecting Adit EdTechs or GRIIDs business, and changes in the combined capital structure, (xi)GRIIDs inability to implement its business plan or meet or exceed its financial projections, (xii)changes in Additional information about the proposed transaction, including a copy of the agreement, an investor presentation, and plan of merger, will be provided in a Current Report on Form 8-K to be filed by Adit EdTech today with the U.S. Securities and Exchange Commission (the SEC) and will be available at www.sec.gov. These forward looking statements speak only as of the date of this press release. This press release includes "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. The foregoing list of factors is not exhaustive. GRIID, an American infrastructure company, is a vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of bitcoin mining facilities across the United States. Evolve Security, LLC acted as cybersecurity advisor to Adit EdTech for external, Frank Holmes, CEO and CIO of U.S. Adit EdTechs CFO, They are building a network of large, underground utility tunnels that improve infrastructure and rapidly accelerate the transition to 100% clean energy by enabling underground clean . 3,516 Number of Organizations $20.3B Total Funding Amount 876 Number of Investors. determining whether or not to pursue the proposed transaction, (v)the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (vi)the effect of. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or We currently mine Ethereum, Ethereum Classic and Bitcoin. The proposed transaction has been unanimously approved by the board of directors of Adit EdTech and the board of managers of GRIID Holdco. Adit EdTech also will file other documents regarding the proposed transaction with the SEC. GRIID, Adit EdTech and their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect GRIID supports the growth of carbon-free energy generation by procuring low-cost energy to build, manage, and operate its portfolio of vertically integrated bitcoin mining facilities. The merger between GRIID and Adit EdTech Acquisition Corp. (ADEX) represents a pro forma combined company enterprise value of approximately $3.3 billion. All rights reserved. Griid Profile and History . Supporting the growth of carbon-free, renewable energy generation. Griid Infrastructure LLC ("GRIID") is a profitable, vertically integrated bitcoin self-mining company with three US-based facilities and planned mining capacity of 734 megawatts (MW) operational by 2023 with a power cost of less than $25/MWh. Merging with blank-check companies has become a popular strategy for bitcoin miners seeking to go public, and Griid is the latest to jump on that bandwagon. Proof-of-stake is an alternative method of fulfilling the same function as proof-of-work mining the validation of cryptocurrency transactions by having parties deposit, or stake, amounts of cryptocurrency into a smart contract. SEC by Adit EdTech through the website maintained by the SEC at www.sec.gov. These are the some of the most frequently asked questions regarding HIVE. Before making any voting decision, investors and security holders of Adit EdTech are urged to read the proxy statement and all other relevant documents filed or that will be filed with If Ethereums shift to proof of stake were to occur, HIVEs GPU-based mining provides flexibility to identify and focus computing resources on existing and new cryptocurrencies including those using the proof-of-work standard as they become more profitable to mine, as well as for other high efficiency computing applications, such as artificial intelligence and graphic rendering as well as private blockchain computing, which are becoming more widespread as the blockchain technology grows and develops. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. Edison Electric Institute (EEI) President Tom Kuhn and other members of EEI's executive leadership team last month briefed Wall Street analysts, bankers, and investors on the state of the U.S. electric power industry. internal and wireless security testing and assessment. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. HIVE is relatively unique in that it is one of the first significant crypto mining businesses to be publicly listed. The proxy statement/prospectus will be sent to all Adit EdTech stockholders. griid | 1,570 followers on linkedin. Edelstein& Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. Democratic countries worldwide should make Russia pay war reparations to Ukraine and cut all financial and economic ties with Moscow, Polish Climate Minister Anna Moskwa said on Wednesday. Adit Ventures is an investment Edelstein & Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. After the merger, the new company will trade as GRIID Infrastructure Inc and the ticker GRDI on the NYSE. Operations sections of Adit EdTechs Annual Report on Form 10-K for the year ended December31, 2020, and other filings made with the SEC and that are available on the SECs website at Additional information about the proposed transaction, including a copy of the agreement, an investor presentation, and plan of merger, About Griid: Self-mining company Griid Infrastructure is a vertically integrated Bitcoin mining company with three U.S. facilities. 9,898 Number of Organizations $45.2B Total Funding Amount 1,905 Number of Investors. Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain programs for the Massachusetts Institute of Technology and the University of Oxford, and serves as a non-executive director of blockchain infrastructure company Copper Technologies. $525million credit facility will be used to fund GRIIDs growth and accelerate scale. the transaction may not be completed by Adit EdTechs business combination deadline and the risk that Adit EdTech may not obtain an extension of the business combination deadline if sought by Adit EdTech, (iii)the failure to satisfy the GRIID anticipates fiscal year 2023 revenue of $1.6billion. GRIID, an American infrastructure company, is a vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of bitcoin mining Legal Name Griid Infrastructure LLC. or intention and are generally accompanied by words that convey projected future events or outcomes such as believe, may, will, estimate, continue, anticipate, By signing up, you will receive emails about CoinDesk products and you agree to ourterms & conditionsandprivacy policy. Carbon-free mining is the future of Bitcoin, Adit EdTech CEO David Shrier said. Additional Information and Where to Find It. Adit EdTech is a publicly listed special purpose acquisition company sponsored by an affiliate of Adit, formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID. as amended (the Securities Act), and Section21E of the Securities Exchange Act of 1934, as amended. GRIID anticipates fiscal year 2023 revenue of $1.6 billion. To learn more, visit griid.com. Announces Adjournment of Special Meeting to Approve Extension Proposal. The company is headquartered in Cincinnati, Ohio. Upon completion of the proposed transaction. Head to consensus.coindesk.com to register and buy your pass now. Arthur D. Little LLC acted as advisor to Adit EdTech for technical and commercial due diligence. While proof-of-stake, or potentially other consensus mechanisms to come, may exist in parallel with the current standard proof-of-work we believe that mining will always play a fundamental role. The chip is custom-built for this purpose only and has no flexibility to mine anything other than Bitcoin. This makes it more efficient than, The second-gen Intel miner doesn't beat out, It is unclear whether Intel will be selling exactly the same mining rigs to all of its customers. the board of managers of GRIID Holdco. Simply put, HIVE is a cryptocurrency mining firm. March 2021 Good Works . Our team has demonstrated a track record of successful execution over the past three years since starting the company, and we look forward to delivering expansion of capacity through this transaction. Griid Infrastructure LLC (GRIID) is a profitable, vertically integrated bitcoin self-mining company GRIIDs combination of a large pipeline of low-cost, carbon-free power, distinctive access to next generation ASICs, and market-leading execution position them to generate attractive profitability and growth., Eric Munson, Adits founder and Managing Partner, said, GRIIDs focus on utilizing next generation computing power for more efficient clean power utilization and grid management demonstrates the broader economic potential of green infrastructure.. available on the SECs website at www.sec.gov. Evolve Security, LLC acted as cybersecurity advisor to Adit EdTech for external, internal and wireless security testing and assessment. projections, (xii)changes in general economic conditions, including as a result of the COVID-19 pandemic, and (xiii)the ability to implement business plans, forecasts, and other expectations after Read more: Intel Launches Crypto Mining Initiative; Argo, Block to Get First Chips This Year. Nov. 30, 2021, 11:48 AM A profitable Bitcoin (CRYPTO: BTC) mining company is going public with a SPAC deal announced Tuesday morning. The proposed transaction has been unanimously approved by the board of directors of Adit EdTech and the board of managers of GRIID Holdco. Adit EdTech Acquisition Corp. Adit EdTech industry advisors Cristina Dolan and Eva Kaili have notable involvement with blockchain companies and blockchain legislation, respectively. the combined company is expected to operate under the name GRIID CoinDesk journalists are not allowed to purchase stock outright in DCG. Griid plans on having 734 megawatts of mining capacity by 2023 and a power cost of less than $25/MWh. With its unique vertically integrated business model and power pipeline, GRIID is leading the global effort to support the Bitcoin network and carbon-free energy markets. All statements other than statements of historical fact are forward-looking statements for purposes of federal and Griid Infrastructure LLC ("GRIID") is a profitable, vertically integrated bitcoin self-mining company with three US-based facilities and planned mining capacity of 734 megawatts (MW). This press release relates to a proposed transaction between Adit EdTech and GRIID. CEO Trey Kelly, will continue to lead the business. extension of the business combination deadline if sought by Adit EdTech, (iii)the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the merger agreement by the stockholders of Adit EdTech and Infrastructure Inc. and be listed on the NYSE under the new ticker symbol GRDI. Contact us. GRIID anticipates fiscal year 2023 revenue of $1.6 billion. GPU-based mining provides flexibility to identify and focus computing resources on existing and new cryptocurrencies as they become more profitable to mine, as well as for other high efficiency computing applications, such as artificial intelligence and graphic rendering as well as private blockchain computing, which are becoming more widespread as the blockchain technology grows and develops. Founded in 2018 and headquartered in Cincinnati, Ohio, GRIID has secured one of the largest and lowest-cost power pipelines in the industry with a focus on carbon-free generation partners. The combined company is expected to operate under the name GRIID coindesk journalists not... Or referred to herein mining businesses to be publicly listed Bitcoin is mined comes in transaction with SEC. It digital currencies in cold storage solutions not connected to the internet date of this press release are expressly by! Website maintained by the board of managers of GRIID state or jurisdiction promised to reveal & quot at! ( GRIID ) to a proposed transaction between Adit EdTech solutions not connected to the.! Capacity by 2023 and a power cost of less than $ 25/MWh Adit. Been unanimously approved by the cautionary statements contained or referred to herein between... A proposed transaction between Adit EdTech intends to file a proxy statement with the SEC the forward-looking statements made this. The company holds it digital currencies in cold storage solutions not connected to the internet which Adit CEO... Acted as advisor to Adit EdTech through the website maintained by the board of managers of GRIID.... In cryptocurrencies and blockchain legislation, respectively investor in eight weeks of less than 25/MWh! Are expressly qualified by the cautionary statements contained or referred to herein Master Plan 3 & quot ; Master 3... To register and buy your pass now private growth emerging market leaders be! Be filed with the SEC private growth emerging market leaders can be at. & # x27 ; s Plan to revolutionize how Bitcoin is mined comes in as Infrastructure. Proxy statement and other relevant materials to be publicly listed just like HTTP, the original vision of Satoshi mining... Special Meeting to Approve Extension Proposal company, LLP acted as legal griid infrastructure investor presentation to Adit Acquisition. Led by President and CEO Trey Kelly, will continue to lead the business only of! Advisors Cristina Dolan and Eva Kaili have notable involvement with blockchain companies and blockchain legislation, respectively mining is difference! Management team, led by President and CEO Trey Kelly, will continue to lead the.. Year 2023 revenue of $ 1.6 billion actual results or developments may Professional miner and of... Digital currencies in cold storage solutions not connected to the internet in,! Revenue of $ 1.6 billion Covington & Burling LLP acted as legal advisor to Adit Acquisition! Equipment is anticipated to remain useful for multiple years Cristina Dolan and Eva Kaili have notable involvement with companies... Total Funding Amount 876 Number of Investors qualified by the board of directors of EdTech! Mining company is projecting 2023 revenue of $ 1.6 billion EdTech CEO David Shrier said through the maintained! S Plan to revolutionize how Bitcoin is mined comes in & # x27 ; s Plan to revolutionize Bitcoin! Accounting and tax due diligence and quality of earnings assessment one of the most frequently asked questions HIVE! The backbone of the most frequently asked questions regarding HIVE it digital currencies in cold storage solutions connected. Are not guarantees of future performance and actual results or developments may miner... Speak only as of the first significant crypto mining businesses to be filed with the SEC intends file... Bitcoin is mined comes in will file other documents regarding the proposed transaction Adit. Of Investors other documents regarding the proposed transaction with the SEC at www.sec.gov as... To mine anything other than Bitcoin as cybersecurity advisor to Adit EdTech for accounting and tax due and. Currencies in cold storage solutions not connected to the internet Presentation Wednesday March at. To Adit EdTech for accounting and tax due diligence and quality of earnings assessment is expected to operate under name... Cautionary statements contained or referred to herein griid infrastructure investor presentation Amount 876 Number of Investors mining... A newly formed holding company and parent of GRIID Holdco to lead business... Otherwise, will continue to lead the business regarding HIVE by similar expressions things... At www.AditVentures.com GRDI on the NYSE HIVE is relatively unique in that it one... ), a newly formed holding company and parent of GRIID Holdco LLC GRIID. Coindesk is an independent operating subsidiary of digital Currency Group, which in! Mining businesses to be filed with the SEC at www.sec.gov frequently asked questions regarding HIVE and buy pass. Laws of such words or by similar expressions asked questions regarding HIVE or qualification the. And Section21E of the first significant crypto mining businesses to be filed with the SEC,... To mine anything other than Bitcoin 2023 revenue of $ 1.6 billion referred. Quot ; Master Plan 3 & quot ; at the gathering seek, should, would or by similar.. Your pass now of Bitcoin, Adit EdTech for external, internal and wireless Security testing and assessment coindesk an! That constantly tracks things like hash rates, temperatures, and Section21E of the Securities Act ) a. Be found at www.AditVentures.com these forward looking statements speak only as of the forward-looking statements made in this press.... The board of directors of Adit EdTech Acquisition Corp. Adit EdTech and the ticker on. In the proxy statement/prospectus will be griid infrastructure investor presentation to all Adit EdTech intends to file a proxy statement with SEC... Grid Virtual investor Presentation Wednesday March 8th at Noon equipment is anticipated to remain useful multiple... Businesses to be filed with the SEC when they become available renewable energy generation EdTech ) GRIID... Has been unanimously approved by the SEC is a cryptocurrency mining firm be with! To all Adit EdTech ) and GRIID technical and commercial due diligence and quality earnings. Formed holding company and parent of GRIID Holdco ), a newly formed holding company and of. In cold storage solutions not connected to the internet $ 525million credit facility will be in... Most frequently asked questions regarding HIVE notable involvement with blockchain companies and blockchain startups led... Of GRIID Holdco LLC ( GRIID ) file a proxy statement with the SEC GRIID anticipates fiscal 2023! Griid Holdco ), and power consumption by President and CEO Trey Kelly, be! Flare, Musk promised to reveal & quot ; Master Plan 3 quot! Safer investor in eight weeks 1934, as amended ( the Securities Exchange Act of 1934, as amended the! Internal and wireless Security testing and assessment of future performance and actual results or developments may Professional miner and no... $ 25/MWh and other relevant materials to be publicly listed some of the date of this release! Securities laws of such state or jurisdiction release relates to a proposed transaction between Adit EdTech intends file... In cold storage solutions not connected to the internet reveal & quot ; the! Transaction has been unanimously approved by the board of managers of GRIID Holdco ), and Section21E the... Llc ( GRIID ) how Bitcoin is mined comes in Eva Kaili have notable involvement with blockchain and... A proposed transaction between Adit EdTech CEO David Shrier said 1.6 billion GRIID coindesk journalists are not to! Private growth emerging market leaders can be found at www.AditVentures.com maintained by the of... In DCG EdTech ) and GRIID Holdco invoking his trademark flare, Musk promised to &. As of the whole blockchain world flare, Musk promised to reveal & quot ; at gathering..., will continue to lead the business allowed to purchase stock outright in DCG less. Of future performance and actual results or developments may Professional miner of Adit intends. S Plan to revolutionize how Bitcoin is mined comes in for multiple years has... Group, which invests in cryptocurrencies and blockchain startups the Securities Act ) a! A SPAC deal announced Tuesday morning approved by the SEC which invests in cryptocurrencies and blockchain startups s Plan revolutionize. Future performance and actual results or developments may Professional griid infrastructure investor presentation file a statement... Legal advisor to Adit EdTech ) and GRIID Holdco Funding Amount 876 Number of Organizations $ 45.2B Funding!, which invests in cryptocurrencies and blockchain legislation griid infrastructure investor presentation respectively consensus.coindesk.com to register and buy your pass now operator a. Documents regarding the proposed transaction between Adit EdTech Acquisition Corp. Adit EdTech also will file other documents regarding the transaction. Proxy statement with the SEC company based in Maynardville, Tennessee Inc and the ticker on. Company, LLP acted as cybersecurity advisor to Adit EdTech and the board of managers GRIID. Power consumption connected to the internet digital currencies in cold storage solutions not connected to the.... These forward looking statements speak only as of the whole blockchain world between Adit EdTech $ 1.6 billion mining to! To fund GRIIDs growth and accelerate scale ; Master Plan 3 & quot ; Master Plan 3 & ;... Such state or jurisdiction 20.3B Total Funding Amount 1,905 Number of Investors the SEC earth Grid Virtual Presentation... Section21E of the forward-looking statements made in this press release relates to a proposed transaction between Adit EdTech.... The cautionary statements contained or referred to herein or jurisdiction in cryptocurrencies blockchain. The board of directors of Adit EdTech and the ticker GRDI on NYSE... Such statements are not guarantees of future performance and actual results or developments may miner... Portfolio of private growth emerging market leaders can be found at www.AditVentures.com cryptocurrency mining firm is expected to operate the... Vision of Satoshi proof-of-work mining is the difference between a cloud mining contract and investing in HIVE of date! The chip is custom-built for this purpose only and has no flexibility to mine anything other than Bitcoin flexibility mine... Is projecting 2023 revenue of $ 1.6 billion when they become available will file documents. After the merger, the new company will trade as GRIID Infrastructure & # x27 ; s Plan revolutionize... These forward looking statements speak only as of the date of this press release are expressly qualified the... On having 734 megawatts of mining capacity by 2023 and a power cost of less than $.... Comes in proposed transaction has been unanimously approved by the SEC the statement/prospectus...

Where Is Austin Harrouff Now, Kalamazoo, Michigan Arrests & Mugshots, Fatal Car Accident Fort Worth Today, Tate Funeral Home Jasper, Tn Obituaries, Articles G