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Announced

Completed

Griid Infrastructure went public via a SPAC merger with Adit EdTech Acquisition in a $3.3bn deal.

Financials

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Transaction Value£2,478m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Merger

United States

Majority

FinTech

Private

Single Bidder

Reverse Takeover

bitcoin mining

Friendly

Domestic

Acquisition

De-SPAC

Completed

Synopsis

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Griid Infrastructure, a vertically integrated, bitcoin self-mining company, went public via a SPAC merger with Adit EdTech Acquisition, a blank cheque company in a $3.3bn deal. “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. 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," Trey Kelly, GRIID CEO.

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