Griid Infrastructure (NASDAQ:GRDI) Trading 0.5% Higher – Here’s Why

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

Griid Infrastructure Trading Up 0.5 %

The stock’s fifty day moving average price is $0.91 and its two-hundred day moving average price is $0.95.

Institutional Trading of 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 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 38,200 shares of the company’s stock, valued at approximately $40,000. Private Client Services LLC owned about 0.05% of Griid Infrastructure at the end of the most recent reporting period. Institutional investors own 77.77% of the company’s stock.

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.