Exhibit 99.1
GRIID to Begin Trading on Nasdaq Global Market Under Ticker “GRDI”
CINCINNATI, Jan. 29, 2024 — GRIID Infrastructure Inc. (“GRIID” or the “Company”) (NASDAQ: GRDI) (NEO: GRDI), an
American infrastructure company that operates vertically integrated bitcoin mining facilities leveraging low-cost, low-carbon energy, announced that the company will
begin trading its common stock and warrants on Nasdaq Global Market (“Nasdaq”) today. The company’s common stock will trade under the ticker symbol “GRDI,” and the warrants will trade under the ticker symbol
“GRDIW”. The Company’s common stock will continue to trade on Cboe Canada, formerly known as the NEO Exchange, under the ticker symbol “GRDI.”
GRIID is a purpose-built bitcoin mining company, founded in 2018, that has operated bitcoin mining facilities since 2019. GRIID has built long-term power
relationships securing affordable, reliable, environmentally responsible power, enabling a vertically integrated self-mining business model with significant growth opportunity.
“Today marks a significant milestone for GRIID as we begin to trade in the U.S. market,” said Trey Kelly, CEO of GRIID. “We believe that our
listing on Nasdaq will enhance our visibility, liquidity, and broaden our investor base as we continue to strengthen our market position and reinforce our commitment to delivering shareholder value. Since launching in 2018, it has been our mission
to leverage low-cost, low-carbon energy to better integrate power markets with bitcoin mining. Our leadership team has demonstrated discipline in operating and managing
a growing portfolio of vertically integrated bitcoin mining facilities that are operated in an environmentally responsible manner. I am incredibly grateful to all the investors, partners, and team members who made today possible – thank you. We
see tremendous opportunity as we build our company at the intersection of energy and money. I couldn’t be more excited to begin our next chapter as a U.S. listed public company on Nasdaq, there is so much ahead of us – today is just the
beginning.”
Known for its rigorous listing criteria and attracting visionary companies, the Nasdaq Global Market presents GRIID with an ideal stage
to continue to demonstrate its leadership and innovation to a broader audience. GRIID’s listing on Nasdaq comes at an exciting time in the high-growth bitcoin mining sector. While remaining focused on bitcoin mining, GRIID has developed a path
to flexible maximum electricity utilization, with an opportunity to become a leading long-term energy asset partner, owner, and operator.
About GRIID
Infrastructure Inc.
GRIID is a purpose-built bitcoin mining company, founded in 2018, that has operated mining facilities since 2019. GRIID has built
long-term power relationships securing affordable, reliable, environmentally responsible power, enabling a vertically integrated self-mining business model with significant growth opportunity. Headquartered in Cincinnati, Ohio, GRIID operates a
R&D center in Austin, Texas and a development, deployment and equipment repair center in Rutledge, Tennessee. GRIID currently maintains mining facilities in Watertown, New York; Limestone, Maynardville and Lenoir City, Tennessee. To learn more,
please visit www.griid.com.