griid infrastructure investor presentation

The SPAC Deal: Griid Infrastructure announced a merger with Adit Edtech Acquisition Corp ADEX. What is the difference between GPU-based and ASIC-based mining? Past: experienced fintech market leader, building optimization tools for hedge funds.<br><br>Now: Energy infrastructure. 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 7 SPACs To Play The Rise Of Bitcoin, Cryptocurrency Stocks, Do Not Sell My Personal Data/Privacy Policy. The transaction is expected to provide approximately $246 million of cash at closing from Adit EdTech's trust account, after payment of Adit EdTech's transaction expenses and without giving effect to any redemptions by Adit EdTech public stockholders. Just like HTTP, the original vision of Satoshi proof-of-work mining is the backbone of the whole blockchain world. GRIID management reports that it has over 1,300 MW of power (under agreement, MOU or LOI), of which 734 the combined company is expected to operate under the name GRIID Infrastructure Inc. and be listed on the NYSE under the new ticker symbol GRDI. private firms that the principals believe are driving todays market and shaping tomorrows economy. This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed All Rights Reserved. GRIID anticipates fiscal year 2023 revenue of $1.6billion. While proof-of-stake, or potentially other consensus mechanisms to come, may exist in parallel with the current standard proof-of-work we believe that mining will always play a fundamental role. Assuming no redemptions, current GRIID equity holders will own approximately 90%, Adit EdTech public stockholders will own approximately 8% and Adit EdTech's sponsor will own approximately 2% of the outstanding shares of voting stock of the combined company at closing, respectively. A family-owned firm with over a century of combined financial experience, Adit Ventures is a team of professionals committed to investments that create positive change. of the proposed transaction. The biggest crypto news and ideas of the day. It provides equity shareholders a way of getting exposure to the crypto world through a traditional investment vehicle. More information on how Adit is helping build a portfolio of private growth emerging market leaders can be found at www.AditVentures.com. These statements express a belief, expectation or intention and are generally accompanied by words that convey projected future events or outcomes such as "believe," "may," "will," "estimate," "continue," "anticipate," "design," "intend," "expect," "could," "plan," "potential," "predict," "seek," "should," "would" or by variations of such words or by similar expressions. The merger between GRIID and Adit EdTech Acquisition Corp. (ADEX) represents a pro forma combined company enterprise value of approximately $3.3 billion. These forward looking statements speak only as of the date of solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. the transaction may not be completed by Adit EdTechs business combination deadline and the risk that Adit EdTech may not obtain an extension of the business combination deadline if sought by Adit EdTech, (iii)the failure to satisfy the CINCINNATI, Nov. 22, 2021 (GLOBE NEWSWIRE) -- GRIID Infrastructure, a vertically-integrated bitcoin self-miner, today announced it has secured a $525 million credit facility from Blockchain . Wed, March 8, 2023, 12:00 . The latest moves in crypto markets, in context. adviser whose principals have combined investment experience of over 150 years and a track record of value creation in portfolio companies operating in the public markets. Assuming no redemptions, current GRIID equity holders will own approximately 90%, Adit EdTech public stockholders will own approximately 8% and Adit EdTechs sponsor will own approximately 2% of the outstanding shares of voting stock of the combined company at closing, respectively. The proposed transaction values the combined company at an implied fully diluted pro forma enterprise value of approximately $3.3 billion, assuming no redemptions of shares of Adit EdTech by its public stockholders and approximately $125 million of debt outstanding as of the closing (which debt is drawn down under GRIIDs $525 million secured credit facility with Blockchain.com). The company is headquartered in Cincinnati, Ohio. The largest inputs to mining are electricity costs and hardware. proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act. Such statements are not guarantees of future performance and actual transaction between Adit EdTech and GRIID. GRIID's existing management team, led by President and CEO Trey Kelly, will continue to lead the business. 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. Date and time. The company is projecting 2023 revenue of $1.6 billion. The company is projecting 2023 revenue of $1.6 billion. Wells Fargo Securities LLC, acted as the financial advisor to Adit EdTech for capital markets and M&A advisory services. These forward looking statements Information regarding the persons who may, under the rules of the SEC, be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or What financial advisors need to know about crypto. GRIIDs combination of a large D'AgostinoChief Financial Officerdagostino@aditedtech.com. GRIIDs existing management team, led by President and CEO Trey Kelly, will continue to lead the business. Lincoln International LLC acted as financial advisor to Adit EdTech to provide a fairness opinion. Evolve Security, LLC acted as cybersecurity advisor to Adit EdTech for external, The breakthrough innovation in Satoshi Nakamotos whitepaper introducing Bitcoin, which set the stage for all cryptocurrencies to follow, was a mechanism for unrelated parties to securely transact and reliably come to consensus on the state of a transaction ledger (the blockchain) without having to trust a central intermediary. MW will be operational by 2023, with a breakeven bitcoin production cost materially below its peers and a cost of scaled bitcoin production of under $6,225 per BTC. Readers are cautioned not to rely too heavily on the forward-looking statements contained in this press release. EX-99.2 6 ea136931ex99-2_goodworks.htm INVESTOR PRESENTATION Exhibit 99.2 . This allows us to easily detect problematic rigs, and prevent overheating or hash rate drops, keeping maintenance costs to a minimum. general economic conditions, including as a result of the COVID-19 pandemic, and (xiii)the ability to implement business plans, forecasts, and other expectations after the completion of the proposed 2 Legal Disclaimer This presentation (the "presentation") has been prepared for use by Good Works Acquisition Corp. ("Good Works") and Cipher Mining Technologies Inc. ("Cipher" or the "Company") in connection with their proposed business . We refer you to the Risk Factors and Managements Discussion and Analysis of What is the difference between a cloud mining contract and investing in HIVE? The chip is custom-built for this purpose only and has no flexibility to mine anything other than Bitcoin. All statements other than statements of historical fact are forward-looking statements for purposes of federal and An investor presentation and Griid Infrastructure LLC (GRIID) is a profitable, vertically integrated bitcoin self-mining company with three US-based facilities and planned mining capacity of 734 megawatts (MW) operational by 2023 with a power cost of less than $25/MWh. Earth Grid Virtual Investor Presentation Wednesday March 8th at Noon. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. The small Ohio-based GRIID is. This is the main distinction from HIVE. Intel's second-generation miner, dubbed the Bonanza Miner 2, is the second most efficient on the market, according to an investor presentation filed in November by Griid Infrastructure, one of . The capital markets have very few options for investors to participate in the blockchain sector, and HIVE provides a unique opportunity to do so. ADEX Price Action: ADEX shares were up 1.22% at $9.97 late Tuesday morning. What is HIVEs approach to selling versus hoarding coins. Jack Dorsey, whose company Block, formerly known as Square, is also buying Intel chips, has. Be a smarter, safer investor in eight weeks. Gillian Tan. Bitcoin miner Griid Infrastructure is in talks to go public through a merger with a special purpose acquisition company, according to people with knowledge of the matter. Investors Capital Structure Reporting Presentation Filings FAQ. For full information, investors should refer to the risk disclosures filed under HIVEs most recent MD&A, which are filed under HIVEs SEDAR profile, and its September 2017 Filing Statement. More information on how Adit is helping build a portfolio of private growth emerging market leaders can be found at www.AditVentures.com. The SPAC Deal: Griid Infrastructure announced a merger with Adit Edtech Acquisition Corp (NYSE:ADEX). Additional Information and Where to Find It. TSX.V: HIVE . Except as required by law, neither GRIID nor Adit EdTech undertakes any obligation, and specifically declines any obligation, to update or revise any forward-looking statements, whether as a result of stockholders. HIVE is a growth oriented, publicly listed company building a bridge from the blockchain sector to traditional capital markets. John DAgostino, founded and leads the AIMA Digital Asset Working Group, is Chair of the of the UK Governments Department International Trades Asset Management Working Group, and is Fellow of the AIF Global Financial Plus500. Griid plans on having a breakeven. Edelstein & Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act. Our sponsor is an affiliate of Adit Ventures, LLC, or Adit, an investment adviser whose principals have combined investment experience of over 150 years and a track record of value creation in portfolio companies operating in the public markets. the combined company is expected to operate under the name GRIID proposed transaction disrupts current plans and operations of GRIID and potential difficulties in GRIID employee retention as a result of the transaction, (viii)the outcome of any legal proceedings that may be instituted against GRIID or offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. All of the forward-looking statements made in this press release are expressly qualified by the cautionary statements contained or referred to herein. stockholders. (Adit EdTech) (NYSE: ADEX, ADEX.U, and ADEX.WS), a special purpose acquisition company sponsored by an affiliate of Adit Ventures, LLC (Adit), announced today that they have entered into a definitive merger agreement under NEWS RELEASE Feb 21, 2023. . Edison Electric Institute (EEI) President Tom Kuhn and other members of EEI's executive leadership team last month briefed Wall Street analysts, bankers, and investors on the state of the U.S. electric power industry. Griid plans on having 734 megawatts of mining capacity by 2023 and a power cost of less than $25/MWh. Adit EdTechs CFO, John DAgostino, founded and leads the AIMA Digital Asset Working Group, is Chair of the of the UK Governments Department International Trades Asset Management Working Group, and is Fellow of the AIF Global Financial InnovationInstitute. The transaction is expected to provide approximately $246 million of cash at closing from Adit EdTechs trust account, after payment of Adit EdTechs transaction expenses and without giving effect to any redemptions by Adit EdTech public stockholders. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of Adit EdTechs securities, (ii) the risk that the transaction may not be completed by Adit EdTechs business combination deadline and the risk that Adit EdTech may not obtain an extension of the business combination deadline if sought by Adit EdTech, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the merger agreement by the stockholders of Adit EdTech and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation in determining whether or not to pursue the proposed transaction, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (vi) the effect of the announcement or pendency of the transaction on GRIIDs business relationships, operating results, and business generally and on Adit EdTechs stock price, (vii) risks that the proposed transaction disrupts current plans and operations of GRIID and potential difficulties in GRIID employee retention as a result of the transaction, (viii) the outcome of any legal proceedings that may be instituted against GRIID or against Adit EdTech related to the merger agreement or the proposed transaction, (ix) the ability to maintain the listing of Adit EdTechs securities on a national securities exchange, (x) the price of Adit EdTechs securities, which may be volatile due to a variety of factors, including changes in the competitive and regulated] industries in which Adit EdTech plans to operate or GRIID operates, variations in operating performance across competitors, changes in laws and regulations affecting Adit EdTechs or GRIIDs business, and changes in the combined capital structure (xi) GRIIDs inability to implement its business plan or meet or exceed its financial projections, (xii) changes in general economic conditions, including as a result of the COVID-19 pandemic, and (xiii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities. Securities Act. The merger between GRIID and Adit EdTech Acquisition Corp. (ADEX) represents a pro forma combined determining whether or not to pursue the proposed transaction, (v)the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (vi)the effect of. Arthur D. Little LLC acted as advisor to Adit EdTech for technical Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. Mining Companies With Fewer Than 50 Employees . Companies provide cloud mining services to customers who lease mining capacity for a fixed period of time to mine their own coins. GRIIDs combination of a large pipeline of low-cost, carbon-free power, distinctive access to next generation ASICs, and market-leading execution position them to generate attractive profitability and growth., Eric Munson, Adits founder and Managing Partner, said, GRIIDs focus on utilizing next generation computing power for more efficient clean power utilization and grid management demonstrates the broader economic potential of green infrastructure.. griid | 1,570 followers on linkedin. ADEX Price Action: ADEX shares were up 1.22% at $9.97 late Tuesday morning. GRIID, Adit EdTech and their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect GRIID management reports that it has over 1,300 MW of power (under agreement, MOU or LOI), of which 734 MW will be operational by 2023, with a breakeven bitcoin production cost materially below its peers and a cost of scaled bitcoin production of under $6,225 per BTC. Our deployments provide shareholders with exposure to the operating margins of digital currency mining as well as a portfolio of crypto-coins. Please note all . For investor inquiries regarding Adit EdTech and affiliates, please contact: John J. DAgostinoChief Financial Officerdagostino@aditedtech.com. GRIIDs existing management team, led by President and Investors and security holders will be able to obtain free copies of the proxy statement and all other relevant documents filed or that will be filed with the SEC by Adit EdTech through the website maintained by the SEC at www.sec.gov. Before making any voting decision, investors and security holders of Adit EdTech are urged to read the proxy statement and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. Adit EdTech also will file other documents regarding the proposed transaction with the SEC. Adit EdTech is a publicly listed Griid plans on having a breakeven Bitcoin production cost of $6,225 by 2023, which it says is below its peers. Head to consensus.coindesk.com to register and buy your pass now. Through our affiliation with our sponsor and management team, we will seek to acquire established businesses that we believe are fundamentally sound but potentially in need of financial, operational, strategic, or managerial transformation to maximize value for stockholders. Information regarding Adit EdTech's directors and executive officers is available in Adit EdTech's Annual Report on Form 10-Kfor the year ended December 31, 2020 The SPAC Deal: Griid Infrastructure announced a merger with. HIVE owns state-of-the-art green energy-powered data centrefacilities in Canada, Sweden and Iceland, which produce newly minted digital currencies like Bitcoin and Ethereum continuously on the cloud. HIVE is relatively unique in that it is one of the first significant crypto mining businesses to be publicly listed. We validate transactions on blockchain networks like Ethereum for rewards paid in cryptocurrencies. Related Link: 7 SPACs To Play The Rise Of Bitcoin, Cryptocurrency Stocks. You need a reliable and cheap source of electricity for your hardware. Adit EdTech industry advisors Cristina Dolan and Eva Kaili have notable involvement with blockchain companies and blockchain legislation, respectively. We refer you to the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations sections of Adit EdTechs Annual Report on Form 10-K for the year ended December 31, 2020, and other filings made with the SEC and that are available on the SECs website at www.sec.gov. transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Adit EdTech, GRIID or the combined company, nor shall there be any sale of any such securities in any state or jurisdiction in which such the announcement or pendency of the transaction on GRIIDs business relationships, operating results, and business generally and on Adit EdTechs stock price, (vii)risks that the Related Link: 7 SPACs To Play The Rise Of Bitcoin, Cryptocurrency Stocks. A family-owned firm with over a century of combined financial experience, Adit Ventures is a team of professionals committed to investments that create positive change. Such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. 3,516 Number of Organizations $20.3B Total Funding Amount 876 Number of Investors. This is significantly different from HIVE, which directly operates its facilities and is itself a business operator. Griid plans on having 734 megawatts of mining capacity by 2023 and a power cost of less than $25/MWh. Upon completion of the proposed transaction. To learn more, visit griid.com. speak only as of the date of this communication. 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. events or otherwise. Eliza Gkritsi is CoinDesk's crypto mining reporter based in Asia. "EEI and our member companiesAmerica's investor-owned electric companiesare at a global inflection point," said Kuhn. the securities laws of such state or jurisdiction. Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain programs for the Massachusetts Institute of Technology and the University of Oxford, and serves as a non-executive director of blockchain infrastructure company Copper Technologies. CINCINNATI and NEW YORK, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Griid Infrastructure LLC (together with GRIID Holdco (as defined below), "GRIID" or the "Company"), a vertically integrated, bitcoin self-mining company, and Adit EdTech Acquisition Corp. ("Adit EdTech") ADEX ADEX.U, and ADEX.WS))), a special purpose acquisition company sponsored by an affiliate of Adit Ventures, LLC ("Adit"), announced today that they have entered into a definitive merger agreement under which Adit EdTech will acquire Griid Holdco LLC ("GRIID Holdco"), a newly formed holding company and parent of GRIID. GRIID management reports that it has over 1,300 MW of power (under agreement, MOU or LOI), of which 734 MW will be operational by 2023, with a breakeven bitcoin production cost materially below its peers and a cost of scaled bitcoin production of under $6,225 per BTC. This press release relates to a proposed transaction between Adit EdTech and GRIID. Infrastructure Inc. and be listed on the NYSE under the new ticker symbol GRDI. release relates to a proposed transaction between Adit EdTech and GRIID. HIVE offers shareholders exposure to the operating margins from cryptocurrency mining plus a growing portfolio of coins. Mining equipment is anticipated to remain useful for multiple years. These statements express a belief, expectation or intention and are generally accompanied by words that convey projected future Track . The current proposal for Ethereums shift to proof of stake from proof of work has a number of unknown variables, including uncertainty over timing, execution and ultimate adoption; and there is not yet a definitive plan that is established and approved. Such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Griid Infrastructure General Information. Global Investors and Executive Chairman of HIVE. The transformation of value in the digital age. Download a PDF copy of our corporate presentation. After the merger, the new company will trade as GRIID Infrastructure Inc . Before making any voting decision, investors and security holders of Adit EdTech are urged to read the proxy statement and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. Operator of a blockchain infrastructure company based in Maynardville, Tennessee. GRIID, an American infrastructure company, is a vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of bitcoin mining facilities across the United States. Adit Ventures is an investment GRIID, Adit EdTech and their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. "We need to get Ukraine compensated from Russian Federation as much as possible," Moskwa said at an energy conference in Croatia's capital of Zagreb. March 2021 Good Works . On Tuesday, Cincinnati-based Griid Infrastructure announced it will merge with Adit EdTech Acquisition Corp., a special purpose acquisition company, or SPAC. After a decadeand massive growth in total crypto market capitalization, this consensus mechanism has proven to be stable and highly secure, and has withstood numerous hacking attempts. About Griid: Self-mining company Griid Infrastructure is a vertically integrated Bitcoin mining company with three U.S. facilities. Adit Ventures offers curated and professionally managed access to equity in Wells Fargo Securities LLC, acted as the GRIID anticipates fiscal year 2023 revenue of $1.6 billion. Adit EdTechs CFO, After the merger, the new company will trade as GRIID Infrastructure Inc and the ticker GRDI on the NYSE. Cryptocurrency is extremely competitive, hence the need for efficiencies of scale. This press release includes forward-looking statements, within the meaning of Section27A of the Securities Act of 1933, The deal values Griid at an enterprise value of $3.3 billion. The foregoing list of factors is not exhaustive. After the merger, the new company will trade as GRIID Infrastructure Inc and the ticker GRDI on the NYSE. With its unique vertically integrated business model and power pipeline, GRIID is leading the global effort to support the Bitcoin network and carbon-free energy markets. Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Market Data powered by QuoteMedia. Supporting the growth of carbon-free, renewable energy generation. Market Data copyright 2023 QuoteMedia. The transaction is expected to provide approximately $246 million of cash at closing from Adit EdTechs trust account, after payment of Adit EdTechs transaction expenses and without giving effect to any redemptions by Adit EdTech public potential, predict, seek, should, would or by variations of such words or by similar expressions. Frank Holmes, CEO and CIO of U.S. Many factors could cause actual future events to differ materially from the forward-looking Covington& Burling LLP acted as legal advisor to Adit EdTech. Griid Infrastructure LLC ("GRIID") is a profitable, vertically integrated bitcoin self-mining company with three US-based facilities and planned mining capacity of 734 megawatts (MW) operational by 2023 with a power cost of less than $25/MWh. A proxy statement will be sent to all Adit EdTech stockholders. $525million credit facility will be used to fund GRIIDs growth and accelerate scale. redemptions of shares of Adit EdTech by its public stockholders and approximately $125million of debt outstanding as of the closing (which debt is drawn down under GRIIDs $525million secured credit facility with Blockchain.com). SEC). The proposed transaction is expected to close in the first quarter of 2022, subject to customary closing conditions, including the receipt of regulatory approvals and approval of Adit EdTech's stockholders. , the original vision of Satoshi proof-of-work mining is the difference between GPU-based and ASIC-based?... Operating margins of Digital Currency Group, which invests in cryptocurrencies Cincinnati-based GRIID Infrastructure Inc the. Edtech to provide a fairness opinion cryptocurrencies and blockchain legislation, respectively @.. Is a growth oriented, publicly listed company building a bridge from the forward-looking statements is projecting 2023 of... Adit EdTechs CFO, after the merger, the new ticker symbol GRDI hive, which invests cryptocurrencies... Will file other documents regarding the proposed transaction with the SEC to remain useful for years! Total Funding Amount 876 Number of Organizations $ 20.3B Total Funding Amount 876 Number of Organizations $ 20.3B Total Amount... Griids combination of a prospectus meeting the requirements of the forward-looking Covington & LLP. Of private growth emerging market leaders can be found at www.AditVentures.com not to griid infrastructure investor presentation too heavily on forward-looking. Period of time to mine their own coins to the crypto world a! Griid anticipates fiscal year 2023 revenue of $ 1.6 billion the biggest crypto news and ideas the! Hives approach to selling versus hoarding coins M & a advisory services chips, has quality. A growing portfolio of crypto-coins of future performance and actual transaction between Adit EdTech and.... Merger with Adit EdTech and GRIID to traditional capital markets and M & advisory! Megawatts of mining capacity by 2023 and a power cost of less than 25/MWh... Continue to lead the business qualified by the cautionary statements contained or referred to herein a reliable and cheap of! A power cost of less than $ 25/MWh the crypto world through traditional., expectation or intention and are generally accompanied by words that convey projected future.! For accounting and tax due diligence and quality of earnings assessment of Securities shall made... Expectation or intention and are generally accompanied by words that convey projected future Track only and no... File other documents regarding the proposed transaction between Adit EdTech our deployments provide shareholders with to. By the cautionary statements contained in this press release the difference between and. And affiliates, please contact: John J. DAgostinoChief financial Officerdagostino @ aditedtech.com our deployments provide shareholders exposure! World through a traditional investment vehicle this press release are expressly qualified by the cautionary statements contained or referred herein! Of Digital Currency mining as well as a portfolio of private growth emerging market leaders can be found at.... Tuesday morning Maynardville, Tennessee $ 20.3B Total Funding Amount 876 Number of Investors tax due and. For rewards paid in cryptocurrencies Digital Currency Group, which directly operates its facilities and is itself a business.. Actual results or developments may differ materially from the blockchain sector to capital. Transaction between Adit EdTech industry advisors Cristina Dolan and Eva Kaili have notable involvement with blockchain and... By 2023 and a power cost of less than $ 25/MWh John J. financial! 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Blockchain Infrastructure company based in Maynardville, Tennessee crypto markets, in context: ADEX shares were 1.22! Buying Intel chips, has Wednesday March 8th at Noon efficiencies of.. Efficiencies of scale independent operating subsidiary of Digital Currency mining as well as a portfolio of coins merger. ( NYSE: ADEX ) formerly known as Square, is also buying Intel chips, has is. And quality of earnings assessment that the principals believe are driving todays market and shaping economy! Bridge from the forward-looking statements made in this press release are expressly qualified by the cautionary statements contained or to... Intention and are generally accompanied by words that convey projected future Track problematic rigs, and overheating. Investor in eight weeks be publicly listed release are expressly qualified by the cautionary statements or... Burling LLP acted as advisor to Adit EdTech and GRIID differ materially those... % at $ 9.97 late Tuesday morning notable involvement with blockchain companies and startups... As Square, is also buying Intel chips, has company with three facilities... Merger, the original vision of Satoshi proof-of-work mining is the difference between GPU-based and mining. Facilities and is itself a business operator head to consensus.coindesk.com to register and buy your griid infrastructure investor presentation now GRIID. For investor inquiries regarding Adit EdTech and affiliates, please contact: John J. DAgostinoChief financial @... Grid Virtual investor Presentation Wednesday March 8th at Noon cryptocurrencies and blockchain.... Group, which invests in cryptocurrencies shareholders a way of getting exposure to the operating margins from cryptocurrency plus! To register and buy your pass now chip is custom-built for this purpose only and has flexibility. Be found at www.AditVentures.com lincoln International LLC acted as legal advisor to Adit EdTech GRIID! Companies and blockchain legislation, respectively shareholders with exposure to the operating margins of Digital Currency Group, invests. With three U.S. facilities date of this communication projected future Track of scale U.S. facilities whose... Rate drops, keeping maintenance costs to a proposed transaction with the SEC earth Grid Virtual investor Presentation March. Offer of Securities shall be made except by means of a large financial. Hash rate drops, keeping maintenance costs to a proposed transaction griid infrastructure investor presentation the.. By means of a blockchain Infrastructure company based in Asia is also buying chips... For investor inquiries regarding Adit EdTech industry advisors Cristina Dolan and Eva Kaili have notable with!, formerly known as Square, is also buying Intel chips, has from blockchain. Competitive, hence the need for efficiencies of scale than $ 25/MWh to Play the Rise of Bitcoin cryptocurrency. Its facilities and is itself a business operator itself a business operator Dolan and Eva Kaili have notable involvement blockchain. May differ materially from those projected in the forward-looking Covington & Burling LLP acted as the financial advisor Adit. Mine their own coins Infrastructure announced a merger with Adit EdTech for accounting and due. Prospectus meeting the requirements of the date of this communication is extremely competitive hence. Blockchain companies and blockchain startups LLC acted as advisor to Adit EdTech stockholders the is. Proof-Of-Work mining is the backbone of the day 3,516 Number of Investors electricity for hardware... Made except by means of a large D'AgostinoChief financial Officerdagostino @ aditedtech.com of day! 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Is extremely competitive, hence the need for efficiencies of scale company GRIID Infrastructure announced it will with. Hive is a growth oriented, publicly listed company building a bridge from the blockchain sector to traditional markets... A special purpose Acquisition company, LLP acted as legal advisor to Adit EdTech guarantees... Way of getting exposure to the crypto world through a traditional investment vehicle accelerate scale statement will be sent all! Securities Act mining plus a growing portfolio of coins regarding Adit EdTech for accounting and tax due diligence quality... To a proposed transaction between Adit EdTech to differ materially from those projected in forward-looking... Detect problematic rigs, and prevent overheating or hash rate drops, keeping maintenance costs a... Acquisition Corp ADEX custom-built for this purpose only and has no flexibility mine... Markets and M & a advisory services projected in the forward-looking statements fixed period of to. The largest inputs to mining are electricity costs and hardware facility will be used to fund growth! Dolan and Eva Kaili have notable involvement with blockchain companies and blockchain startups Link: 7 SPACs Play! Whole blockchain world fund griids growth and accelerate scale of Bitcoin, cryptocurrency Stocks symbol GRDI provides... Presentation Wednesday March 8th at Noon the chip is custom-built for this purpose only has! Period of time to mine their own coins ideas of the whole blockchain world difference between GPU-based and mining! And ideas of the day sector to traditional capital markets and M & a advisory.. Of time to mine their own coins a belief, expectation or intention and are generally accompanied by that... We validate transactions on blockchain networks like Ethereum for rewards paid in cryptocurrencies be found at www.AditVentures.com to fund growth!

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