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How to buy Griid (GRDI) stock when it goes public

Here's everything we know so far about the Griid IPO.

Griid is expected to go public soon. Here's what we know about the IPO — and how to buy Griid stock when it's available.

What we know about the Griid IPO

Griid Infrastructure LLC, a US-based Bitcoin mining company that uses low-cost energy production methods in an effort to reduce its carbon footprint, has confirmed that it plans to go public by merging with Adit EdTech Acquisition Corp., a special purpose acquisitions company (SPAC).

Griid stands to receive around $200 million from the deal. The combined company is expected to have a market valuation of $3.3 billion.

Adit EdTech Acquisition Corp. currently trades on the NYSE under the ticker symbol "ADEX." After the merger, Griid will trade on the NYSE under the symbol "GRDI." The date Griid stock will begin trading has not yet been announced.

SPACs, or "blank check" companies, exist purely on paper for the purpose of going public, raising capital and merging with another company. Going public by merging with an SPAC is both quicker and easier than the traditional IPO process.

You can read more about the Griid-Adit EdTech merger in this business combination agreement submitted to the US Securities and Exchange Commission (SEC) on December 7, 2022. We'll update this page as more information becomes available.

How to buy Griid stock when it starts trading

Once Griid goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – GRDI – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.

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  • Sign up bonus: Get 5 or 15 free stocks when you open and fund an account with $100 or $1,000

How do similar companies perform?

It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Looking at the performance of similar companies can help you decide if now is a good time to buy Griid stock.

See how the following stocks are performing, and view details like market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield.

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