At the moment, Ten31, a world main bitcoin expertise investor, has introduced the Nasdaq World Market inventory trade itemizing of its portfolio firm, GRIID Infrastructure. This marks the primary public itemizing for a bitcoin-focused funding fund’s portfolio firm, based on a press launch despatched to Bitcoin Journal.
GRIID, a uniquely positioned, vertically built-in bitcoin mining and vitality infrastructure firm, has efficiently navigated the lengthy regulatory overview course of to attain this public itemizing. Ten31, having served as GRIID’s unique institutional capital associate, invested by its second institutional enterprise fund, Low Time Choice Fund II, underscoring its dedication to supporting progressive ventures within the bitcoin and freedom expertise area.
“As a vertically built-in operator, purpose-built for bitcoin mining from day one, GRIID is uniquely positioned to turn out to be one of many main bitcoin mining firms on the earth,” stated Trey Kelly, Founder and CEO of GRIID. “We imagine that itemizing on Nasdaq will improve our visibility, liquidity, and broaden 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 invaluable in serving to us attain this milestone. We really feel strongly that there isn’t any higher associate or investor within the bitcoin area than Ten31, and we look ahead to persevering with our shut partnership.”
At the side of GRIID’s itemizing achievement, Ten31 welcomes Harry Sudock, GRIID’s Chief Technique Officer, as an Advisor whereas sustaining his function at GRIID. Sudock, a distinguished determine in bitcoin mining and vitality infrastructure, brings beneficial experience to Ten31’s advisory group.
“After a few years constructing a bitcoin firm, I do know firsthand the essential worth of capital companions that each share our understanding of bitcoin and provide confirmed institutional funding experience. They embody bitcoin’s proof of labor ethos in every part they do,” Sudock said. “I count on GRIID to be the primary of many success tales to emerge from the Ten31 portfolio, and I’m excited to assist help Ten31 because it invests in one of the best firms within the quickly evolving bitcoin ecosystem whereas serving as a useful resource to each portfolio firms and their founders.”
This growth aligns with the launch of Ten31’s third institutional fund, Low Time Choice Fund III, securing anchor commitments and fortifying its place as a number one bitcoin tech investor. Moreover, Ten31’s Tactical Fund goals to offer entry to particular person accredited traders, providing additional alternatives for participation within the quickly evolving bitcoin ecosystem.
Ten31’s dedication to supporting Bitcoin extends past funding in firms, because it continues to allocate funding to open-source growth inside the bitcoin ecosystem. The fund has granted help to unbiased bitcoin developer calle for his work on bitcoin-powered Chaumian ecash. Ten31 is probably the most energetic investor in open supply companies within the bitcoin ecosystem, and was a founding contributor to public charity OpenSats in 2021, supporting a wide range of open supply efforts on a no-strings-attached foundation.