GRIID
- Company typePrivate
- Founded2018
- HeadquartersCincinnati, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
GRIID firmographics
Firmographics- Name
- GRIID
- Website
- https://griid.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Where GRIID is headquartered
LocationHeadquarters
- HQ city
- Cincinnati
- HQ country
- United States
- HQ region
- North America
Markets served
GRIID business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Technology or R&D, Personnel
Revenue model
- Bitcoin Mining: GRIID operates as a bitcoin self-miner, generating revenue through cryptocurrency mining operations. The company focuses on expanding mining capacity and utilizing available energy resources in the U.S.
GRIID product offering
Product offeringCore offering
GRIID is a vertically-integrated bitcoin self-mining company that owns and operates a portfolio of bitcoin mining facilities in the United States. The company mines bitcoin directly using its own infrastructure and available U.S. energy resources, and monetizes the bitcoin it produces into digital asset markets. Operations are funded in part by a $525 million credit facility from Blockchain.com secured in November 2021.
Product overview
GRIID Infrastructure is a bitcoin self-mining company operating as a single unified product offering. The company focuses on Bitcoin mining operations utilizing available energy resources in the U.S. market. The core offering consists of mining infrastructure that enables self-mining of Bitcoin, with operations supported by a $525 million credit facility secured from Blockchain.com in November 2021.
Differentiator
Problem solved
Functional benefit
Products and services
- Bitcoin Self-Mining Operations Vertically-integrated bitcoin self-mining operations that own and operate a portfolio of mining facilities in the United States, producing bitcoin directly using available U.S. energy resources. Intended for the digital asset industry, with bitcoin output sold into digital asset markets and operations funded in part by a $525 million credit facility from Blockchain.com.
Companies that use GRIID
Customer profileSegments1 record
Ideal customer profiles1 record
GRIID technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
GRIID partnerships and signals
Strategic signalScale indicators1 record
Recent moves4 records
Expansion highlights3 records
GRIID competitors and assessment
Company assessmentDirect peers
- Hive Digital Technologies: Canadian-listed Bitcoin self-miner with operations in North America. Comparable pure-play self-mining business model and infrastructure ownership.
- Core Scientific: Large-scale U.S. Bitcoin miner and hosting provider that emerged from Chapter 11 in 2024. Comparable vertically-integrated operations and infrastructure scale.
- Marathon Digital Holdings: One of the largest publicly traded Bitcoin self-miners in the U.S., operating vertically-integrated mining facilities with a focus on energy optimization. Directly comparable business model, customer base (BTC treasury), and operational profile.
- Riot Platforms: Large-cap U.S. Bitcoin self-miner with owned infrastructure in Texas, focused on power cost management and vertical integration. Same core product (BTC self-mining), similar U.S.-centric energy thesis.
- CleanSpark: U.S.-focused Bitcoin self-miner operating multiple facilities with vertically-integrated operations. Recent acquirer of GRIID, making it the most directly comparable peer and the natural benchmark for valuation and operational metrics.
- Cipher Mining: U.S. Bitcoin self-miner with operations in Texas, similarly focused on low-cost power and vertical integration. Closely comparable stage and structure to GRIID.
- Hut 8 Mining: Vertically-integrated Bitcoin miner with North American operations and power infrastructure. Directly comparable in vertical integration and self-mining focus.
- Iris Energy: Australian-listed Bitcoin miner with U.S. data center operations powered by renewable energy. Comparable business model with emphasis on ESG-friendly power sourcing.
- Bitfarms: Vertically-integrated Bitcoin miner with operations across North and South America. Similar self-mining model and infrastructure ownership profile.
- Stronghold Digital Mining: U.S.-based Bitcoin miner operating its own power generation from waste coal, exemplifying the vertically-integrated energy-plus-mining model. Comparable on infrastructure ownership and energy thesis.
Market position
Competitive moat2 records
Key risks6 records
Key highlights6 records
Customer concentration
GRIID social profiles
Digital presenceGRIID financial estimates
Financial estimateRevenue estimate
Valuation estimate
GRIID leadership team
Management profileNumber of profiles
Profiles6 records
GRIID funding detail
Funding detailFunding overview
Funding rounds2 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GRIID M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about GRIID
What does GRIID do?
GRIID is a vertically-integrated bitcoin self-mining company that owns and operates a portfolio of bitcoin mining facilities in the United States. The company mines bitcoin directly using its own infrastructure and available U.S. energy resources, and monetizes the bitcoin it produces into digital asset markets. Operations are funded in part by a $525 million credit facility from Blockchain.com secured in November 2021.
Is GRIID a public or private company?
GRIID is a private company. It is classified as venture growth investor backed and is currently operating.
When was GRIID founded?
GRIID was founded in 2018. It employs 1 to 10 people.
Where is GRIID based?
GRIID is headquartered in Cincinnati, United States, in the North America region.
How does GRIID make money?
One revenue line is on record: bitcoin Mining.
Who are GRIID's main competitors?
Direct peers on record are Hive Digital Technologies, Core Scientific, Marathon Digital Holdings, Riot Platforms, CleanSpark, Cipher Mining, Hut 8 Mining, Iris Energy, Bitfarms and Stronghold Digital Mining.
Does GRIID have an API?
No public API is recorded for GRIID.