Bitcoin mining company GRDI's shares drop after Nasdaq debut
Bitcoin mining company GRIID Infrastructure (GRDI) saw a continued drop in its shares on the second day after its Nasdaq listing following a merger with a special purpose acquisition company (SPAC). The shares fell by 24% to $7.30 shortly after its debut on Monday and closed the day down 43%. The company's current market cap is around $322 million, and it expects to expand its electrical capacity to 436MW by the end of 2024.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CandyBomb x POWER: Trade to share 4,387,500 POWER
New users get a 100 USDT margin gift—Trade to earn up to 1888 USDT!
Bitget Spot Margin Announcement on Suspension of DOG/USDT, ORDER/USDT, BSV/USDT, STETH/USDT Margin Trading Services
BGB holders' Christmas and New Year carnival: Buy 1 BGB and win up to 2026 BGB!
