TLDR:
– Ten31, a leading bitcoin technology investor, has announced the public listing of its portfolio company, GRIID Infrastructure, on the Nasdaq Global Market stock exchange. This is the first public listing for a bitcoin-focused investment fund’s portfolio company.
– GRIID is a vertically integrated bitcoin mining and energy infrastructure company that has successfully completed the regulatory review process to achieve this public listing.
Ten31 has announced the public listing of its portfolio company, GRIID Infrastructure, on the Nasdaq Global Market stock exchange. This marks the first public listing for a bitcoin-focused investment fund’s portfolio company. GRIID is a vertically integrated bitcoin mining and energy infrastructure company that has successfully navigated the regulatory review process to achieve this listing.
Ten31, as GRIID’s exclusive institutional capital partner, invested through its second institutional venture fund, Low Time Preference Fund II. This investment highlights Ten31’s commitment to supporting innovative ventures in the bitcoin and freedom technology space. GRIID’s CEO, Trey Kelly, believes that listing on Nasdaq will enhance the company’s visibility, liquidity, and broaden its investor base.
In conjunction with GRIID’s listing achievement, Ten31 welcomes Harry Sudock, GRIID’s Chief Strategy Officer, as an Advisor. Sudock, a prominent figure in bitcoin mining and energy infrastructure, brings valuable expertise to Ten31’s advisory team. Sudock stated that he expects GRIID to be the first of many success stories to emerge from the Ten31 portfolio.
This development aligns with the launch of Ten31’s third institutional fund, Low Time Preference Fund III, solidifying its position as a leading bitcoin tech investor. Ten31 also has a Tactical Fund that aims to provide access to individual accredited investors, offering further opportunities for participation in the bitcoin ecosystem.
Ten31’s commitment to supporting Bitcoin extends beyond investment in companies. The fund has granted support to independent bitcoin developer calle for his work on bitcoin-powered Chaumian ecash. Ten31 is known as the most active investor in open-source businesses in the bitcoin ecosystem and has contributed to the public charity OpenSats in 2021.
Overall, the public listing of GRIID Infrastructure on Nasdaq is a significant milestone for Ten31 and the bitcoin-focused venture fund. It showcases the potential and growth of the bitcoin mining and energy infrastructure sector. With its strategic capital support and guidance, Ten31 positions itself as a valuable partner for innovative ventures in the bitcoin space.
