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Griid Infrastructure, Adit Edtech Delay $3.3 Billion Acquisition

 |  April 20, 2023

The process of taking a Cincinnati bitcoin mining firm public for $3.3 billion is currently experiencing delays.

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Adit EdTech Acquisition, a SPAC based in New York, had previously announced plans to take Griid Infrastructure, a local startup, public in November 2021. However, a recent filing with the US Securities & Exchange Commission disclosed that officials have chosen to extend their deadline to finalize the multibillion-dollar deal.