Private company

GRIID Infrastructure Inc.

In its 2024 annual report the company says: “We are an emerging American infrastructure company in the bitcoin mining sector. We employ a vertically integrated self-mining strategy (which is supported at times by unique collaborative partnerships in support of the broader approach) to develop and operate U.S. based mining facilities that generate bitcoin by performing computing associated with Proof of Work.”3 It is headquartered in Cincinnati, Ohio.1

Last updated Oct 20, 2026.

Overview

  • IndustryFinance Services1
  • HeadquartersCincinnati, Ohio1
  • Incorporated inDE2
  • Business address2577 Duck Creek Road, Cincinnati, Oh 452122
  • Filer category, Emerging growth company2

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We are an emerging American infrastructure company in the bitcoin mining sector. We employ a vertically integrated self-mining strategy (which is supported at times by unique collaborative partnerships in support of the broader approach) to develop and operate U.S. based mining facilities that generate bitcoin by performing computing associated with Proof of Work (“PoW”). Our current business plan does not include the expansion of our mining operations to include digital assets other than bitcoin, or any other activities with, or the holding of, any other cryptocurrencies other than bitcoin, and we do not anticipate any changes to our business plan for the foreseeable future. As of the date of this Annual Report, we have 68MW of available electrical capacity in our New York facility and our three Tennessee facilities (48MW of which are at dedicated self-mining sites and 20MW of which are…3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

-59.2%Operating margin4
-95.1%Net margin4
-12.2%Revenue growth, 20234
-$21.6MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Interest89¢$34.0M
  • Income tax11¢$4.1M

Out of $19.6M in revenue.4 The company lost money this year.

Financial statements

Revenue4$19.6M in 2023−12% since 2022
0$10.0M$20.0M$30.0M2022: $22.4M$22.4M20222023: $19.6M$19.6M2023−12%
Operating income54-$11.6M in 2023+214% since 2021
-$20.0M-$15.0M-$10.0M-$5.0M02021: -$3.7M-$3.7M20212022: -$19.7M-$19.7M2022+433%2023: -$11.6M-$11.6M2023−41%
Net income54-$18.7M in 2023+609% since 2021
-$80.0M-$60.0M-$40.0M-$20.0M02021: -$2.6M-$2.6M20212022: -$61.6M-$61.6M2022+2240%2023: -$18.7M-$18.7M2023−70%
Fiscal year2020202120222023
Revenue$22.4M4$19.6M4
Operating expenses$3.7M5$2.9M5$32.3M4
Operating income-$3.7M5-$19.7M4-$11.6M4
Interest$14.4M4$34.0M4
Income before tax-$2.6M5-$61.9M4-$14.6M4
Income tax-$298.0K4$4.1M4
Net income-$2.6M5-$61.6M4-$18.7M4
Earnings per share-$0.085-$1.284-$0.344
Earnings per share (diluted)-$0.085-$1.284-$0.344
Shares (weighted, basic)6.9M shares548.0M shares454.8M shares4
Shares (weighted, diluted)6.9M shares548.0M shares454.8M shares4

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Corporate structure

GRIID Infrastructure Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of GRIID Infrastructure Inc.

  • Adit EdTech Sponsor, LLC Filed SC 13G/A on GRIID Infrastructure Inc., latest Feb 14, 2024 (2 filings since Feb 17, 2023)
  • Radcliffe Capital Management, L.P. Filed SC 13G/A on GRIID Infrastructure Inc., latest Feb 14, 2024 (2 filings since Dec 28, 2022)
  • Blockchain Capital Solutions (US), Inc. Filed SC 13G on GRIID Infrastructure Inc., latest Jan 10, 2024
  • James Donald Kelly Iii. Filed SC 13D on GRIID Infrastructure Inc., latest Jan 8, 2024
  • Tom Zaccagnino Filed SC 13D on GRIID Infrastructure Inc., latest Jan 8, 2024
  • ARISTEIA CAPITAL, L.L.C. Filed SC 13G/A on GRIID Infrastructure Inc., latest Feb 10, 2023 (2 filings since Feb 14, 2022)
  • ADAGE CAPITAL PARTNERS GP, L.L.C. Filed SC 13G/A on GRIID Infrastructure Inc., latest Feb 10, 2022
  • GRIID Infrastructure Inc. Cincinnati, Ohio

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What GRIID Infrastructure Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$46.0M4 Dec 31, 2023$46.9M4 Dec 31, 2022−2.0%
Accumulated depreciation$15.2M4 Dec 31, 2023$9.8M4 Dec 31, 2022+54.8%
Property and equipment, net$30.8M4 Dec 31, 2023$37.2M4 Dec 31, 2022−17.0%
Finance-lease assets$43.0K4 Dec 31, 2023$96.0K4 Dec 31, 2022−55.2%
Operating-lease assets (leased space)$2.3M4 Dec 31, 2023$2.5M4 Dec 31, 2022−7.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.9M4 Dec 31, 2023$646.0K4 Dec 31, 2022+341.3%
Debt securities held to maturity$25.0M5 Dec 31, 2022$276.1M5 Dec 31, 2021−90.9%

Leadership

Who has led GRIID Infrastructure Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. David L. Shrier2021–2023

President

  1. David L. Shrier2021–2023

Chief financial officer

  1. Allan J. Wallander2024

Chief operating officer

  1. Gerard F. King Ii.2024
2025
Board members and other officers (14)

Former names

  • Adit EdTech Acquisition Corp.Nov 4, 2020 to Dec 29, 20232

Timeline

  1. Oct 31, 20248-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights25
  2. Oct 8, 20248-K Listing notice or transfer26
  3. Aug 26, 20248-K Entered a material agreement; Ended a material agreement; New debt or obligation27
  4. Aug 6, 20248-K Entered a material agreement28
  5. Aug 6, 20248-K Entered a material agreement29
  6. Jul 10, 20248-K Other events30
  7. Jul 2, 20248-K Completed an acquisition or sale31
  8. Jun 27, 20248-K Other events32
  9. Jun 13, 20248-K Listing notice or transfer33
  10. Apr 24, 20248-K Executive or director change34
  11. Jan 29, 20248-K Other events35
  12. Jan 2, 20248-K Entered a material agreement; Completed an acquisition or sale; Listing notice or transfer36
  13. Jan 11, 2021New chief executive David L. Shrier becomes CEO9

Filings

200 filings to the SEC since October 2021: 4 annual reports, 11 quarterly reports, 33 major events, 38 insider forms, 10 large holders, 104 other. The latest 20:

  1. Nov 12, 202415-12G EDGAR
  2. Nov 6, 2024EFFECT EDGAR
  3. Nov 1, 20244 EDGAR
  4. Oct 31, 2024S-8 POS EDGAR
  5. Oct 31, 2024POS AM EDGAR
  6. Oct 31, 20244 EDGAR
  7. Oct 31, 20244 EDGAR
  8. Oct 31, 20244 EDGAR
  9. Oct 31, 20244 EDGAR
  10. Oct 31, 20244 EDGAR
  11. Oct 31, 20244 EDGAR
  12. Oct 31, 20244 EDGAR
  13. Oct 31, 20244 EDGAR
  14. Oct 31, 20244 EDGAR
  15. Oct 31, 20244 EDGAR
  16. Oct 31, 20244 EDGAR
  17. Oct 31, 20244 EDGAR
  18. Oct 31, 20248-K EDGAR
  19. Oct 8, 20248-K EDGAR
  20. Sep 23, 2024DEFM14A EDGAR

The 200 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

7 open-market trades by officers, directors and large owners since October 2021: 5 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 8, 2024Hamilton Michael WChief Research OfficerSale30,000$1.78$53.4KForm 4
Jan 11, 2024SHRIER DAVID L.DirectorSale4,575$4.85$22.2KForm 4
Dec 29, 2023SHRIER DAVID L.DirectorBuy1,225$5.51$6.7KForm 4
Dec 28, 2023MUNSON ERIC LDirectorBuy400$5.15$2.1KForm 4
Dec 28, 2023SHRIER DAVID L.DirectorBuy3,450$4.86$16.8KForm 4
Apr 19, 2023Adit EdTech Sponsor, LLC10% ownerBuy600$10.40$6.2KForm 4
Apr 18, 2023Adit EdTech Sponsor, LLC10% ownerBuy100$10.33$1.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How GRIID Infrastructure Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGRIID Infrastructure Inc.1
  • CIK0001830029
  • Employer ID (EIN)85-34776781
  • Filer status<br>emerging growth company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6199 Finance Services1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business address2577 Duck Creek Road, Cincinnati, OH 452121
  • Phone513-268-61851
  • Shares outstanding71,875,399 as of Aug 14, 202444
  • Public float$26.1M as of Jun 30, 202345
  • On EDGAR sinceNov 4, 20201
  • Filings244 in all: 8-K (35), 425 (30), 4 (28), CORRESP (22), 3 (19), UPLOAD (17), S-4/A (13), 10-Q (11)1
    All 40 form types

    DEFA14A (5), EFFECT (5), SC 13G (5), 10-K (4), SC 13G/A (4), 8-A12B (3), CERT (3), SEC STAFF LETTER (3), 10-Q/A (2), 25 (2), 25-NSE (2), 424B4 (2), 8-K/A (2), DEF 14A (2), NT 10-K (2), POS AM (2), PRE 14A (2), PRER14A (2), S-1 (2), S-1/A (2), SC 13D (2), 10-K/A (1), 15-12G (1), 424B3 (1), DEFM14A (1), DRS (1), DRSLTR (1), NT 10-Q (1), S-1MEF (1), S-4 (1), S-8 (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Apr 16, 2024
    Quarterly report (10-Q) Aug 14, 2024
    Proxy statement (DEF 14A) May 30, 2023
    Latest 8-K (8-K) Oct 31, 2024

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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