Streetbeat News

GRDI

Griid Infrastructure Inc.

Open

0.95

Mkt cap

68M

Volume

106K

High

1.03

P/E Ratio

3.20

52-wk high

9.66

Low

0.90

Div yield

N/A

52-wk low

0.56

VF Corp shares surged 21.4% in pre-market trading after reporting better-than-expected Q2 results, with revenue of $2.8 billion and earnings of 60 cents per share. Other stocks like Shuttle Pharmaceuticals and Lixte Biotechnology also saw significant pre-market gains.

Portfolio Pulse from Avi Kapoor

October 29, 2024 | 10:12 am

Griid Infrastructure has received a non-compliance notice from Nasdaq, which could impact its stock listing status. This notice is a significant development for the company and its investors.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 10:07 am

Griid Infrastructure Inc. (NASDAQ:GRDI) shares are trading lower after announcing a merger deal with CleanSpark, Inc. (NASDAQ:CLSK) valued at $155 million. The merger involves CleanSpark assuming Griid's debt and issuing CleanSpark common stock to Griid shareholders. The deal is expected to close in Q3 2024, pending shareholder approval and customary conditions.

Portfolio Pulse from Lekha Gupta

June 27, 2024 | 5:01 pm

GRIID Infrastructure shares are trading lower following Cleanspark's announcement to acquire the company in an all-stock transaction.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 4:09 pm

CleanSpark Inc (NASDAQ:CLSK) announced plans to acquire GRIID Infrastructure Inc (NASDAQ:GRDI) in an all-stock transaction valued at $155 million. The acquisition includes GRIID's Bitcoin mining data centers in Tennessee and is expected to close in Q3 2024. CleanSpark will assume GRIID's debt and provide working capital and bridge loans. The deal aims to expand CleanSpark's infrastructure to over 400 megawatts by 2026.

Portfolio Pulse from Adam Eckert

June 27, 2024 | 3:36 pm

GRIID Infrastructure shares were halted on a circuit breaker due to a significant drop, with the stock now down 36.8%.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 1:51 pm

GRIID Infrastructure shares have resumed trading after a temporary halt. This development is significant for investors monitoring the company's stock performance.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 1:50 pm

Trading halt status for GRDI was updated at 9:45:00 AM ET. The halt was due to news and resumption times.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 1:45 pm

CleanSpark has entered into a definitive merger agreement to acquire GRIID Infrastructure for $155 million. The acquisition is expected to add over 400 MW in Tennessee over the next two years, bringing CleanSpark's total capacity to over 1 GW.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 1:02 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.