Griid Infrastructure (NASDAQ:GRDI) Stock Price Down 14.2%

Griid Infrastructure Inc. (NASDAQ:GRDI)’s share price fell 14.2% on Thursday . The stock traded as low as $0.75 and last traded at $0.75. 141,134 shares changed hands during trading, a decline of 92% from the average session volume of 1,817,776 shares. The stock had previously closed at $0.87.

Griid Infrastructure Stock Performance

The stock’s fifty day moving average is $0.95 and its 200-day moving average is $0.99.

Griid Infrastructure (NASDAQ:GRDI) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. The business had revenue of $4.71 million during the quarter.

Institutional Investors Weigh In On Griid Infrastructure

A hedge fund recently bought a new stake in Griid Infrastructure stock. Private Client Services LLC acquired a new stake in Griid Infrastructure Inc. (NASDAQ:GRDI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 38,200 shares of the company’s stock, valued at approximately $40,000. Private Client Services LLC owned 0.05% of Griid Infrastructure at the end of the most recent reporting period. Hedge funds and other institutional investors own 77.77% of the company’s stock.

Griid Infrastructure Company Profile

Griid Infrastructure Inc operates as a vertically integrated bitcoin mining company in North America. The company owns and operates a portfolio of energy infrastructure and data centers. It also engages in bitcoin mining operation, which operates specialized computers that generate cryptocurrency. The company was founded in 2018 and is based in Cincinnati, Ohio.