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Bitcoin mining company GRIID Infrastructure was set to begin trading in the US market Monday after going public in Canada earlier this month.
The Cincinnati-based firm has a mining facility in New York, as well as three in Tennessee. It made its public markets debut on Cboe Canada on Jan. 2.
GRIID Chief Strategy Officer Harry Sudock said at the time that the company was working to list in the US as well. Now, the company said Monday it was slated to start trading on Nasdaq after merging with special purpose acquisition company (SPAC) Adit EdTech.
The stock was trading around $7 at 11 am ET Monday, according to Google Finance data — down about 28% from its opening price.
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