What’s Going On With Bitcoin Miner Griid Infrastructure’s Stock? – GRIID Infrastructure (NASDAQ:GRDI)

Bitcoin miner GRIID Infrastructure Inc. GRDI shares are trading higher Wednesday after gaining more than 40% in Tuesday’s session. Here’s a look at what’s going on. 

The Details:

Griid is a vertically integrated Bitcoin BTC/USD mining company which owns and operates a portfolio of energy infrastructure and high-density data centers in North America.

According to the company’s most recent quarterly report, the number of bitcoins mined during the three months ended March 31, 2024 and 2023 were approximately 66 and 82, respectively. Griid holds approximately 11 bitcoins with an average cost basis of $67,759 per bitcoin. 

Griid shares are moving on heavy trading volume for a second day on…

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