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 ROBO: Trade futures to share 340,000 ROBO!
OPNUSDT now launched for pre-market futures trading
Join the BGB holders group—unlock Spring Festival Mystery Boxes to win up to 8888 USDT and merch from Morph
Trading Club Championship (Margin)—Trade to share 58,000 USDT, with up to 3000 USDT per user!
