Griid Infrastructure (NASDAQ:GRDI) Trading Up 0.5% – What’s Next?

Shares of Griid Infrastructure Inc. (NASDAQ:GRDI) shot up 0.5% during mid-day trading on Monday . The stock traded as high as $1.03 and last traded at $0.96. 106,600 shares were traded during trading, a decline of 93% from the average session volume of 1,598,129 shares. The stock had previously closed at $0.96.

Griid Infrastructure Stock Up 0.5 %

The firm’s 50 day moving average is $0.91 and its two-hundred day moving average is $0.95.

Institutional Trading of Griid Infrastructure

An institutional investor recently bought a new position in Griid Infrastructure stock. Private Client Services LLC acquired a new position in shares of Griid Infrastructure Inc. (NASDAQ:GRDI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,200 shares of the company’s stock, valued at approximately $40,000. Private Client Services LLC owned 0.05% of Griid Infrastructure as of its most recent SEC filing. 77.77% of the stock is owned by hedge funds and other institutional investors.

About Griid Infrastructure

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.