A company called GRIID that makes computers to mine bitcoin, which is a digital money, tried to sell its shares in the U.S. market after selling some in Canada. But people did not want to buy many of their shares, so the price went down by half in two days. They still have lots of computers running and use clean energy to do it. Read from source...
- The title is misleading and sensationalist, as it implies that GRIID's stock drop was directly caused by its Nasdaq listing, rather than other factors such as market volatility, investor sentiment, or company performance.
- The article uses vague terms like "carbon-free power" without explaining what it means or how it benefits the environment or the mining operations. It also does not provide any evidence or data to support this claim or compare GRIID's performance with other miners.
- The article mentions that GRIID merged with a SPAC, but does not explain what a SPAC is or why it chose this route instead of an initial public offering (IPO). It also does not discuss the pros and cons of this decision or how it affects the company's valuation or governance.
- The article quotes GRIID's CSO, who praises the company's expansion and partnerships, but does not provide any details or examples of these achievements. It also does not mention any challenges or risks that GRIID faces or how it plans to overcome them.