GRIID
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | <1m | 2.8m | 30.8m | 22.4m | 19.6m |
% 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 |
Date | Investors | Amount | Round |
---|---|---|---|
- | 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
EditGRIID 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.