In the present day, Ten31, the world’s main Bitcoin expertise investor, introduced the itemizing of its portfolio firm GRIID Infrastructure on the Nasdaq International Market inventory alternate. Based on a press launch despatched to Bitcoin Journal, this marks the primary time a Bitcoin-focused funding fund portfolio firm has gone public.
GRIID is a uniquely positioned, vertically built-in Bitcoin mining and power infrastructure firm that efficiently navigated the prolonged regulatory overview course of to realize public itemizing. Ten31 has served as GRIID’s unique institutional capital accomplice, investing by its second institutional enterprise fund, Low Time Desire Fund II, underscoring its dedication to supporting modern firms within the Bitcoin and free expertise area.
“As a vertically built-in operator constructed particularly for Bitcoin mining from day one, GRIID is uniquely positioned to change into the world’s main Bitcoin mining firm,” mentioned Trey Kelly, founder and CEO of GRIID. One.” “We imagine itemizing on Nasdaq will improve our visibility, liquidity and develop our investor base as we proceed to strengthen our market place and reinforce our dedication to delivering shareholder worth. Ten31 “‘s capital help and strategic steerage had been important in serving to us obtain this milestone. We strongly really feel that there is no such thing as a higher accomplice or investor within the Bitcoin area than Ten31, and we stay up for persevering with our shut partnership.”
Following GRIID’s IPO success, Ten31 welcomes Harry Sudock, Chief Technique Officer of GRIID, as an advisor whereas retaining his place at GRIID. Sudock is a widely known determine within the Bitcoin mining and power infrastructure area and brings useful experience to Ten31’s consulting staff.
“After years of constructing Bitcoin firms, I do know firsthand the important worth of capital companions who share their understanding of Bitcoin and supply confirmed institutional funding experience. The whole lot they do embodies Bitcoin’s work Psychological proof,” Sudock mentioned. “I anticipate that GRIID would be the first of many success tales in Ten31’s portfolio, and I am excited to assist help Ten31 because it invests in one of the best firms within the quickly rising Bitcoin ecosystem, serving each portfolios concurrently. Firms present sources in addition to their founders.”
This growth coincides with the launch of Ten31’s third institutional fund, Low Time Desire Fund III, securing anchor dedication and cementing its place as a number one Bitcoin expertise investor. Moreover, Ten31’s Tactical Fund is designed to offer particular person accredited traders with alternatives to take part within the quickly evolving Bitcoin ecosystem.
Ten31’s dedication to supporting Bitcoin goes past investments in firms, because it continues to allocate funds for open supply growth throughout the Bitcoin ecosystem. The fund has offered help to impartial Bitcoin developer Calle for its work on Bitcoin-powered Chaumian ecash. Ten31 is probably the most lively investor in open supply companies within the Bitcoin ecosystem and a founding contributor to the 2021 public charity OpenSats, supporting varied open supply efforts with no strings connected.
