GRIID

GRIID

A vertically-integrated bitcoin self-mining company that owns and operates a growing portfolio of bitcoin mining facilities. Learn more

Financials

Estimates*

Edit
Revenues, earnings & profits over time
USD20192020202120222023
Revenues<1m2.8m30.8m22.4m19.6m
% growth-643 %995 %(27 %)(12 %)
EBITDA(1.2m)(<1m)14.3m(10.5m)(7.4m)
% EBITDA margin(327 %)(34 %)47 %(47 %)(38 %)
Profit(1.4m)(13.7m)(11.6m)(61.6m)(18.7m)
% profit margin(376 %)(487 %)(38 %)(276 %)(95 %)
EV / revenue----21.6x
EV / EBITDA-----57.6x
  • Edit
DateInvestorsAmountRound
-

N/A

-
*

$525m

Debt
*

$240m

SPAC IPO
*
N/A

N/A

IPO
*

$155m

Acquisition
*

$55.9m

Post IPO Debt
Total Funding-

Recent News about GRIID

Edit
More about GRIIDinfo icon
Edit

GRIID is an American infrastructure company specializing in bitcoin mining. The company builds, manages, and operates a growing portfolio of vertically integrated bitcoin mining facilities, primarily powered by low-cost, renewable energy sources. GRIID serves clients in the cryptocurrency market, focusing on sustainable and efficient mining operations. The business model revolves around procuring renewable energy at low costs to maximize profitability while supporting carbon-free energy generation. Revenue is generated through the mining of bitcoin, which is then sold on the open market. GRIID operates at the intersection of energy and finance, leveraging its expertise in both sectors to drive growth and innovation.

Keywords: Bitcoin mining, renewable energy, infrastructure, cryptocurrency, sustainable, vertically integrated, energy-efficient, carbon-free, profitability, innovation.

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.