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.
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