GRIID
GRIID is a bitcoin mining company utilizing a vertically integrated self-mining business model, focusing on low-carbon energy sources and significant growth in its power pipeline.
Services
GRIID is a company that utilizes a vertically integrated self-mining business model. This model involves controlling the entire supply chain to improve efficiency and reduce costs. The company focuses on developing and maintaining bitcoin mining operations that rely on low-cost, low-carbon energy sources. GRIID also operates a Development, Deployment, and Equipment Repair Center in Rutledge, Tennessee, supporting the continuous maintenance and improvement of its mining equipment.
Mining Operations
GRIID manages several bitcoin mining facilities, including locations in Watertown, New York; Limestone, Maynardville, and Lenoir City, Tennessee. Utilizing ASICs from Bitmain, MicroBT, and Intel, GRIID ensures optimal mining efficiency and performance. The company has been operating bitcoin mining facilities since 2019 and focuses on using low-cost, low-carbon energy to power its operations. GRIID has established long-term power relationships to secure affordable, reliable, and environmentally responsible energy.
Energy Infrastructure
GRIID's vision includes building a generational infrastructure business at the intersection of energy and sound money. A significant part of GRIID's strategy is developing a power pipeline that relies on a low-carbon energy mix. The company currently has 68 MWe of available capacity, with plans to expand its energy pipeline to 436 MWe by the end of 2024. GRIID's commitment to environmentally responsible energy is central to its operations and growth strategy.
Research and Development
GRIID operates a Research and Development Center in Austin, Texas. This facility is dedicated to advancing the company's mining technologies and processes. Research and development efforts are aimed at optimizing mining efficiency, reducing operational costs, and maintaining the performance and reliability of mining equipment. This center plays a crucial role in ensuring GRIID stays at the forefront of technology in the bitcoin mining industry.
Corporate Headquarters
GRIID's corporate headquarters is located in Cincinnati, Ohio. The company is listed on both Nasdaq and NEO under the ticker symbol GRDI. As the central hub of operations, the headquarters oversees and coordinates the various aspects of GRIID's vertically integrated bitcoin mining business. The strategic location supports the company's administration, strategic planning, and overall operational management.