Mining company to list on NYSE, projects it'll mine 24,348 BTC by 2024

A Bitcoin mining company will be listed on the New York Stock Exchange following a projection that it'll mine 24,348 BTC by 2024.

@JakConnorTT
Published Wed, Dec 1 2021 12:04 AM CST   |   Updated Tue, Dec 21 2021 9:32 AM CST

A merger between Adit EdTech Acquisition Corp, and Bitcoin mining company Griid will result in Griid being listed on the New York Stock Exchange (NYSE).

Mining company to list on NYSE, projects it'll mine 24,348 BTC by 2024 01 | TweakTown.com

Adit EdTech Acquisition Corp has announced that it will be merging with Griid at a $3.3 billion enterprise valuation and after the deal has been processed, Griid will be listed on the NYSE under the ticker symbol GRDI. Griid's investor presentation revealed some interesting projections from the mining company, as this year Griid anticipates it will mine 637 Bitcoin with a total hash rate of 187 petahash per second (PH/s).

Additionally, Griid expects that by 2024 it can mine 24,348 and exceed its total hash rate to 26,180 PH/s. To understand how insanely large that number is, you should know that the entire Bitcoin network as of Tu is about 156,000 PH/s. 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." For more information on this story, check out this link here.

Buy at Amazon

Bitcoin Commemorative Coin 24K Gold Plated BTC Limited Edition

TodayYesterday7 days ago30 days ago
$4.99$4.80$4.79
* Prices last scanned on 1/24/2022 at 9:47 pm CST - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.

Jak joined the TweakTown team in 2017 and has since reviewed 100s of new tech products and kept us informed daily on the latest science and space news. Jak's love for science, space, and technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles