View ValuationThis company is no longer activeThe company may no longer be operating, as it may be out of business. Find out why through their latest events.See Latest EventsGriid Infrastructure 将来の成長Future 基準チェック /06現在、 Griid Infrastructureの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Software 収益成長21.8%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • Nov 02Griid Infrastructure Inc.(NasdaqGM:GRDI) dropped from NASDAQ Composite IndexGriid Infrastructure Inc. has been dropped from the Nasdaq Composite Index.お知らせ • Nov 01CleanSpark, Inc. (NasdaqCM:CLSK) completed the acquisition of Griid Infrastructure Inc. (NEOE:GRDI) from Griid Holdco LLC, Adit Edtech Sponsor, LLC, Blockchain Capital Solutions (US), Inc. and others.CleanSpark, Inc. (NasdaqCM:CLSK) entered into an agreement to acquire Griid Infrastructure Inc. (NEOE:GRDI) from Griid Holdco LLC, Adit Edtech Sponsor, LLC, Blockchain Capital Solutions (US), Inc. and others for approximately $82.2 million on June 26, 2024. The total enterprise value, including payment and assumption of debt, of the transaction is $155 million. Concurrent with the signing of the merger agreement, the companies also entered into an exclusive hosting agreement for all currently available power, of which 20 MW will be allocated to CleanSpark effective immediately. CleanSpark also provided GRIID with a $5 million dollar working capital loan and a pay-down bridge loan of approximately $50.9 million that was used to satisfy certain obligations of GRIID at signing. Termination by CleanSpark because GRIID, its subsidiaries or any of its directors or officers materially breached its non-solicitation obligations, GRIID would be required to pay CleanSpark a termination fee of $1.5 million. The transaction is subject to approval of offer by acquirer shareholders. The deal has been unanimously approved by the board. The GRIID board established a special committee of independent directors (the “GRIID special committee”), and appointed Sharmila Kassam and Cristina Dolan to serve as members of the GRIID special committee, with Kassam serving as chair. The expected completion of the transaction is July 1, 2024 to September 30, 2024. As of July 3, 2024 the expected to close before the end of September. The CleanSpark anticipates the completion of the acquisition of GRIID Infrastructure Inc. will occur before October month's end. As on October 28, 2024 the transaction has been approved by Griid Infrastructure shareholders. Christopher J. Bellini and Joseph C. Bedwick of Cozen O'Connor acted as legal advisor and due diligence provider for CleanSpark, Inc. Patrick B. Costello of Troutman Pepper Hamilton Sanders LLP acted as legal advisor for Griid Infrastructure Inc. Lincoln International LLC is serving as financial advisor as well as fairness opinion advisor to Griid. Lincoln International LLC and Troutman Pepper Hamilton Sanders LLP acted as due diligence providers for Griid. Lincoln will receive a fee in the amount of $300,000 for its services. Continental Stock Transfer & Trust Company acted as transfer agent to GRIID. Securities Transfer Corporation is the transfer agent and registrar for CleanSpark common stock. Continental Stock Transfer & Trust Company acted as transfer agent to GRIID. CleanSpark, Inc. (NasdaqCM:CLSK) completed the acquisition of Griid Infrastructure Inc. (NEOE:GRDI) from Griid Holdco LLC, Adit Edtech Sponsor, LLC, Blockchain Capital Solutions (US), Inc. and others on October 30, 2024. In connection with the closing of the transaction, GRIID has requested that Nasdaq suspend trading of the GRIID common stock and GRIID public warrants on Nasdaq prior to the opening of trading on October 31, 2024. The shares of GRIID common stock are expected to be delisted from Cboe Canada at the end of the day on October 31, 2024.お知らせ • Oct 31GRIID Infrastructure's Common Stock to be Delist from Cboe Canada at the End of the Day on October 31, 2024CleanSpark Inc. announced the completed acquisition of GRIID Infrastructure Inc. (‘GRIID’) on October 30, 2024, following approval of the transaction by stockholders of GRIID at the special meeting of its stockholders on October 28, 2024. Under the terms of the merger agreement originally announced on June 27, 2024, each share of GRIID common stock was converted into approximately 0.06959 of a share of CleanSpark common stock at the effective time of the merger. In connection with the closing of the transaction, GRIID has requested that Nasdaq suspend trading of the GRIID common stock and GRIID public warrants on Nasdaq prior to the opening of trading on October 31, 2024. The shares of GRIID common stock are expected to be delisted from Cboe Canada at the end of the day on October 31, 2024.Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CA$1.27, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 42x in the Software industry in Canada. Total loss to shareholders of 89% over the past three years.お知らせ • Oct 08GRIID Infrastructure Receive Notice from Nasdaq Regarding Non-Compliance with the Minimum Bid Price Requirement under Nasdaq Listing Rule 5450(a)(1)On October 3, 2024, GRIID Infrastructure Inc. (the ‘Company’) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (‘Nasdaq’) notifying the Company that the listing of its common stock, par value $0.0001 per share (the ‘common stock’), was not in compliance with Nasdaq Listing Rule 5450(a)(1) (the ‘Bid Price Rule’) for continued listing on the Nasdaq Global Market, as the minimum bid price of the Company’s common stock was less than $1.00 per share for the previous 30 consecutive business days. Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, or until April 1, 2025, to regain compliance with the rule referred to in this paragraph. To regain compliance with the Bid Price Rule during this 180-day compliance period, the Company’s minimum bid price of listed securities must close at $1.00 per share or more for a minimum of 10 consecutive business days. The notice has no present impact on the listing of the Company’s securities on the Nasdaq Global Market. If the Company does not regain compliance with the Bid Price Rule prior to the expiration of the 180-day compliance period, the Company may be eligible for additional time to regain compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(ii) by transferring to the Nasdaq Capital Market. To qualify, the Company would need to submit a Transfer Application and an application fee. In addition, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, except the minimum bid price requirement. In addition, the Company would need to provide written notice to Nasdaq of its intention to cure the minimum bid price deficiency during the second compliance period by effecting a reverse stock split, if necessary. As part of its review process, the Nasdaq staff will determine whether it believes the Company will be able to cure this deficiency. Should the Nasdaq staff conclude that the Company will not be able to cure the deficiency, or should the Company determine not to submit a Transfer Application or make the required representation, the Nasdaq staff will provide notice that the Company’s common stock will be subject to delisting. If the Company does not regain compliance within the allotted compliance period(s), including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company’s common stock will be subject to delisting. At such time, the Company may appeal the delisting determination to a Hearings Panel. The Company intends to actively monitor the minimum bid price of its common stock and, as appropriate, will consider available options to resolve the deficiencies and regain compliance with the Bid Price Rule, including applying to transfer to the Nasdaq Capital Market or effecting a reverse stock split. There can be no assurance that the Company will be successful in maintaining the listing of its common stock on the Nasdaq Global Market, or, if transferred, on the Nasdaq Capital Market.Valuation Update With 7 Day Price Move • Sep 25Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CA$1.12, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 41x in the Software industry in Canada. Total loss to shareholders of 91% over the past three years.Board Change • Sep 25High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Sundar Subramaniam was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Board Change • Aug 22High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Sundar Subramaniam was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: US$0.35 (vs US$1.02 loss in 2Q 2023)Second quarter 2024 results: EPS: US$0.35 (up from US$1.02 loss in 2Q 2023). Revenue: US$4.71m (flat on 2Q 2023). Net income: US$24.7m (up US$35.5m from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 50% per year, which means it is performing significantly worse than earnings.お知らせ • Jun 28CleanSpark, Inc. (NasdaqCM:CLSK) entered into an agreement to acquire Griid Infrastructure Inc. (NEOE:GRDI) for approximately $160 million.CleanSpark, Inc. (NasdaqCM:CLSK) entered into an agreement to acquire Griid Infrastructure Inc. (NEOE:GRDI) for approximately $160 million on June 26, 2024. The total enterprise value, including payment and assumption of debt, of the transaction is $155 million. Concurrent with the signing of the merger agreement, the companies also entered into an exclusive hosting agreement for all currently available power, of which 20 MW will be allocated to CleanSpark effective immediately. CleanSpark also provided GRIID with a $5 million dollar working capital loan and a pay-down bridge loan of approximately $50.9 million that was used to satisfy certain obligations of GRIID at signing. Termination by CleanSpark because GRIID, its subsidiaries or any of its directors or officers materially breached its non-solicitation obligations, GRIID would be required to pay CleanSpark a termination fee of $1.5 million. The transaction is subject to approval of offer by acquirer shareholders. The deal has been unanimously approved by the board. The expected completion of the transaction is July 1, 2024 to September 30, 2024. Cozen O'Connor acted as legal advisor for CleanSpark, Inc. Troutman Pepper Hamilton Sanders LLP acted as legal advisor for Griid Infrastructure Inc. Lincoln International LLC is serving as financial advisor as well as fairness opinion advisor to Griid.お知らせ • Jun 15Griid Infrastructure Receives Non-Compliance Letter from the Listing Qualifications Department of the NasdaqOn June 11, 2024, Griid Infrastructure Inc. received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC notifying the Company that the listing of its common stock was not in compliance with Nasdaq Listing Rule 5450(a)(1) for continued listing on the Nasdaq Global Market, as the minimum bid price of the Company’s common stock was less than $1.00 per share for the previous 30 consecutive business days. Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, or until December 9, 2024, to regain compliance with the rule referred to in this paragraph. To regain compliance during this 180-day compliance period, the Company’s minimum bid price of listed securities must close at $1.00 per share or more for a minimum of 10 consecutive business days. The notice has no present impact on the listing of the Company’s securities on the Nasdaq Global Market. If the Company does not regain compliance with the Nasdaq Listing Rules prior to the expiration of the 180-day compliance period, the Company may be eligible for additional time to regain compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(ii) by transferring to the Nasdaq Capital Market. To qualify, the Company would need to submit a Transfer Application and a $5,000 application fee. In addition, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, except the minimum bid price requirement. In addition, the Company would need to provide written notice to Nasdaq of its intention to cure the minimum bid price deficiency during the second compliance period by effecting a reverse stock split, if necessary. As part of its review process, the Nasdaq staff will determine whether it believes the Company will be able to cure this deficiency. Should the Nasdaq staff conclude that the Company will not be able to cure the deficiency, or should the Company determine not to submit a Transfer Application or make the required representation, Nasdaq will provide notice that the Company’s shares of common stock will be subject to delisting. If the Company does not regain compliance within the allotted compliance period(s), including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company’s shares of common stock will be subject to delisting. At such time, the Company may appeal the delisting determination to a Hearings Panel. The Company intends to actively monitor its minimum bid price of the Company’s common stock and, as appropriate, will consider available options to resolve the deficiencies and regain compliance with the Nasdaq Listing Rules, including applying to transfer to the Nasdaq Capital Market or effecting a reverse stock split. There can be no assurance that the Company will be successful in maintaining the listing of its common stock on the Nasdaq Global Market, or, if transferred, on the Nasdaq Capital Market.Reported Earnings • May 16First quarter 2024 earnings released: US$0.096 loss per share (vs US$0.96 loss in 1Q 2023)First quarter 2024 results: US$0.096 loss per share (improved from US$0.96 loss in 1Q 2023). Revenue: US$5.82m (up 31% from 1Q 2023). Net loss: US$6.48m (loss narrowed 42% from 1Q 2023).Reported Earnings • Apr 17Full year 2023 earnings released: US$0.34 loss per share (vs US$5.79 loss in FY 2022)Full year 2023 results: US$0.34 loss per share (improved from US$5.79 loss in FY 2022). Revenue: US$19.6m (down 12% from FY 2022). Net loss: US$18.7m (loss narrowed 70% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 54% per year whereas the company’s share price has fallen by 52% per year.New Risk • Mar 15New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: CA$132.5m (US$98.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$22m free cash flow). Share price has been highly volatile over the past 3 months (39% average weekly change). Negative equity (-US$110m). Earnings have declined by 63% per year over the past 5 years. Minor Risk Market cap is less than US$100m (CA$132.5m market cap, or US$98.0m).お知らせ • Jan 30Griid Infrastructure Inc. COM Deleted from OTC EquityGriid Infrastructure Inc. COM has been deleted from OTC Equity effective January 29, 2024, due to Market Center Change Listed on NASDAQ.Board Change • Jan 19High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Sundar Subramaniam was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Griid Infrastructure は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測NEOE:GRDI - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数6/30/20242122-25-24N/A3/31/202421-14-25-25N/A12/31/202320-19-22-21N/A9/30/202318-59-24-24N/A6/30/202319-70-22-21N/A3/31/202321-69-32-23N/A12/31/202222-62-41-19N/A9/30/202228-54-50-16N/A12/31/202131-12-40-15N/A9/30/202122-6-27-9N/A12/31/20203-14-100N/A12/31/20190-1-4-3N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: GRDIの予測収益成長が 貯蓄率 ( 2.2% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: GRDIの収益がCanadian市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: GRDIの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: GRDIの収益がCanadian市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: GRDIの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: GRDIの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YSoftware 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2024/10/30 10:51終値2024/10/30 00:00収益2024/06/30年間収益2023/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Griid Infrastructure Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
お知らせ • Nov 02Griid Infrastructure Inc.(NasdaqGM:GRDI) dropped from NASDAQ Composite IndexGriid Infrastructure Inc. has been dropped from the Nasdaq Composite Index.
お知らせ • Nov 01CleanSpark, Inc. (NasdaqCM:CLSK) completed the acquisition of Griid Infrastructure Inc. (NEOE:GRDI) from Griid Holdco LLC, Adit Edtech Sponsor, LLC, Blockchain Capital Solutions (US), Inc. and others.CleanSpark, Inc. (NasdaqCM:CLSK) entered into an agreement to acquire Griid Infrastructure Inc. (NEOE:GRDI) from Griid Holdco LLC, Adit Edtech Sponsor, LLC, Blockchain Capital Solutions (US), Inc. and others for approximately $82.2 million on June 26, 2024. The total enterprise value, including payment and assumption of debt, of the transaction is $155 million. Concurrent with the signing of the merger agreement, the companies also entered into an exclusive hosting agreement for all currently available power, of which 20 MW will be allocated to CleanSpark effective immediately. CleanSpark also provided GRIID with a $5 million dollar working capital loan and a pay-down bridge loan of approximately $50.9 million that was used to satisfy certain obligations of GRIID at signing. Termination by CleanSpark because GRIID, its subsidiaries or any of its directors or officers materially breached its non-solicitation obligations, GRIID would be required to pay CleanSpark a termination fee of $1.5 million. The transaction is subject to approval of offer by acquirer shareholders. The deal has been unanimously approved by the board. The GRIID board established a special committee of independent directors (the “GRIID special committee”), and appointed Sharmila Kassam and Cristina Dolan to serve as members of the GRIID special committee, with Kassam serving as chair. The expected completion of the transaction is July 1, 2024 to September 30, 2024. As of July 3, 2024 the expected to close before the end of September. The CleanSpark anticipates the completion of the acquisition of GRIID Infrastructure Inc. will occur before October month's end. As on October 28, 2024 the transaction has been approved by Griid Infrastructure shareholders. Christopher J. Bellini and Joseph C. Bedwick of Cozen O'Connor acted as legal advisor and due diligence provider for CleanSpark, Inc. Patrick B. Costello of Troutman Pepper Hamilton Sanders LLP acted as legal advisor for Griid Infrastructure Inc. Lincoln International LLC is serving as financial advisor as well as fairness opinion advisor to Griid. Lincoln International LLC and Troutman Pepper Hamilton Sanders LLP acted as due diligence providers for Griid. Lincoln will receive a fee in the amount of $300,000 for its services. Continental Stock Transfer & Trust Company acted as transfer agent to GRIID. Securities Transfer Corporation is the transfer agent and registrar for CleanSpark common stock. Continental Stock Transfer & Trust Company acted as transfer agent to GRIID. CleanSpark, Inc. (NasdaqCM:CLSK) completed the acquisition of Griid Infrastructure Inc. (NEOE:GRDI) from Griid Holdco LLC, Adit Edtech Sponsor, LLC, Blockchain Capital Solutions (US), Inc. and others on October 30, 2024. In connection with the closing of the transaction, GRIID has requested that Nasdaq suspend trading of the GRIID common stock and GRIID public warrants on Nasdaq prior to the opening of trading on October 31, 2024. The shares of GRIID common stock are expected to be delisted from Cboe Canada at the end of the day on October 31, 2024.
お知らせ • Oct 31GRIID Infrastructure's Common Stock to be Delist from Cboe Canada at the End of the Day on October 31, 2024CleanSpark Inc. announced the completed acquisition of GRIID Infrastructure Inc. (‘GRIID’) on October 30, 2024, following approval of the transaction by stockholders of GRIID at the special meeting of its stockholders on October 28, 2024. Under the terms of the merger agreement originally announced on June 27, 2024, each share of GRIID common stock was converted into approximately 0.06959 of a share of CleanSpark common stock at the effective time of the merger. In connection with the closing of the transaction, GRIID has requested that Nasdaq suspend trading of the GRIID common stock and GRIID public warrants on Nasdaq prior to the opening of trading on October 31, 2024. The shares of GRIID common stock are expected to be delisted from Cboe Canada at the end of the day on October 31, 2024.
Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CA$1.27, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 42x in the Software industry in Canada. Total loss to shareholders of 89% over the past three years.
お知らせ • Oct 08GRIID Infrastructure Receive Notice from Nasdaq Regarding Non-Compliance with the Minimum Bid Price Requirement under Nasdaq Listing Rule 5450(a)(1)On October 3, 2024, GRIID Infrastructure Inc. (the ‘Company’) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (‘Nasdaq’) notifying the Company that the listing of its common stock, par value $0.0001 per share (the ‘common stock’), was not in compliance with Nasdaq Listing Rule 5450(a)(1) (the ‘Bid Price Rule’) for continued listing on the Nasdaq Global Market, as the minimum bid price of the Company’s common stock was less than $1.00 per share for the previous 30 consecutive business days. Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, or until April 1, 2025, to regain compliance with the rule referred to in this paragraph. To regain compliance with the Bid Price Rule during this 180-day compliance period, the Company’s minimum bid price of listed securities must close at $1.00 per share or more for a minimum of 10 consecutive business days. The notice has no present impact on the listing of the Company’s securities on the Nasdaq Global Market. If the Company does not regain compliance with the Bid Price Rule prior to the expiration of the 180-day compliance period, the Company may be eligible for additional time to regain compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(ii) by transferring to the Nasdaq Capital Market. To qualify, the Company would need to submit a Transfer Application and an application fee. In addition, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, except the minimum bid price requirement. In addition, the Company would need to provide written notice to Nasdaq of its intention to cure the minimum bid price deficiency during the second compliance period by effecting a reverse stock split, if necessary. As part of its review process, the Nasdaq staff will determine whether it believes the Company will be able to cure this deficiency. Should the Nasdaq staff conclude that the Company will not be able to cure the deficiency, or should the Company determine not to submit a Transfer Application or make the required representation, the Nasdaq staff will provide notice that the Company’s common stock will be subject to delisting. If the Company does not regain compliance within the allotted compliance period(s), including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company’s common stock will be subject to delisting. At such time, the Company may appeal the delisting determination to a Hearings Panel. The Company intends to actively monitor the minimum bid price of its common stock and, as appropriate, will consider available options to resolve the deficiencies and regain compliance with the Bid Price Rule, including applying to transfer to the Nasdaq Capital Market or effecting a reverse stock split. There can be no assurance that the Company will be successful in maintaining the listing of its common stock on the Nasdaq Global Market, or, if transferred, on the Nasdaq Capital Market.
Valuation Update With 7 Day Price Move • Sep 25Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CA$1.12, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 41x in the Software industry in Canada. Total loss to shareholders of 91% over the past three years.
Board Change • Sep 25High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Sundar Subramaniam was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • Aug 22High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Sundar Subramaniam was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: US$0.35 (vs US$1.02 loss in 2Q 2023)Second quarter 2024 results: EPS: US$0.35 (up from US$1.02 loss in 2Q 2023). Revenue: US$4.71m (flat on 2Q 2023). Net income: US$24.7m (up US$35.5m from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 50% per year, which means it is performing significantly worse than earnings.
お知らせ • Jun 28CleanSpark, Inc. (NasdaqCM:CLSK) entered into an agreement to acquire Griid Infrastructure Inc. (NEOE:GRDI) for approximately $160 million.CleanSpark, Inc. (NasdaqCM:CLSK) entered into an agreement to acquire Griid Infrastructure Inc. (NEOE:GRDI) for approximately $160 million on June 26, 2024. The total enterprise value, including payment and assumption of debt, of the transaction is $155 million. Concurrent with the signing of the merger agreement, the companies also entered into an exclusive hosting agreement for all currently available power, of which 20 MW will be allocated to CleanSpark effective immediately. CleanSpark also provided GRIID with a $5 million dollar working capital loan and a pay-down bridge loan of approximately $50.9 million that was used to satisfy certain obligations of GRIID at signing. Termination by CleanSpark because GRIID, its subsidiaries or any of its directors or officers materially breached its non-solicitation obligations, GRIID would be required to pay CleanSpark a termination fee of $1.5 million. The transaction is subject to approval of offer by acquirer shareholders. The deal has been unanimously approved by the board. The expected completion of the transaction is July 1, 2024 to September 30, 2024. Cozen O'Connor acted as legal advisor for CleanSpark, Inc. Troutman Pepper Hamilton Sanders LLP acted as legal advisor for Griid Infrastructure Inc. Lincoln International LLC is serving as financial advisor as well as fairness opinion advisor to Griid.
お知らせ • Jun 15Griid Infrastructure Receives Non-Compliance Letter from the Listing Qualifications Department of the NasdaqOn June 11, 2024, Griid Infrastructure Inc. received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC notifying the Company that the listing of its common stock was not in compliance with Nasdaq Listing Rule 5450(a)(1) for continued listing on the Nasdaq Global Market, as the minimum bid price of the Company’s common stock was less than $1.00 per share for the previous 30 consecutive business days. Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, or until December 9, 2024, to regain compliance with the rule referred to in this paragraph. To regain compliance during this 180-day compliance period, the Company’s minimum bid price of listed securities must close at $1.00 per share or more for a minimum of 10 consecutive business days. The notice has no present impact on the listing of the Company’s securities on the Nasdaq Global Market. If the Company does not regain compliance with the Nasdaq Listing Rules prior to the expiration of the 180-day compliance period, the Company may be eligible for additional time to regain compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(ii) by transferring to the Nasdaq Capital Market. To qualify, the Company would need to submit a Transfer Application and a $5,000 application fee. In addition, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, except the minimum bid price requirement. In addition, the Company would need to provide written notice to Nasdaq of its intention to cure the minimum bid price deficiency during the second compliance period by effecting a reverse stock split, if necessary. As part of its review process, the Nasdaq staff will determine whether it believes the Company will be able to cure this deficiency. Should the Nasdaq staff conclude that the Company will not be able to cure the deficiency, or should the Company determine not to submit a Transfer Application or make the required representation, Nasdaq will provide notice that the Company’s shares of common stock will be subject to delisting. If the Company does not regain compliance within the allotted compliance period(s), including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company’s shares of common stock will be subject to delisting. At such time, the Company may appeal the delisting determination to a Hearings Panel. The Company intends to actively monitor its minimum bid price of the Company’s common stock and, as appropriate, will consider available options to resolve the deficiencies and regain compliance with the Nasdaq Listing Rules, including applying to transfer to the Nasdaq Capital Market or effecting a reverse stock split. There can be no assurance that the Company will be successful in maintaining the listing of its common stock on the Nasdaq Global Market, or, if transferred, on the Nasdaq Capital Market.
Reported Earnings • May 16First quarter 2024 earnings released: US$0.096 loss per share (vs US$0.96 loss in 1Q 2023)First quarter 2024 results: US$0.096 loss per share (improved from US$0.96 loss in 1Q 2023). Revenue: US$5.82m (up 31% from 1Q 2023). Net loss: US$6.48m (loss narrowed 42% from 1Q 2023).
Reported Earnings • Apr 17Full year 2023 earnings released: US$0.34 loss per share (vs US$5.79 loss in FY 2022)Full year 2023 results: US$0.34 loss per share (improved from US$5.79 loss in FY 2022). Revenue: US$19.6m (down 12% from FY 2022). Net loss: US$18.7m (loss narrowed 70% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 54% per year whereas the company’s share price has fallen by 52% per year.
New Risk • Mar 15New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: CA$132.5m (US$98.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$22m free cash flow). Share price has been highly volatile over the past 3 months (39% average weekly change). Negative equity (-US$110m). Earnings have declined by 63% per year over the past 5 years. Minor Risk Market cap is less than US$100m (CA$132.5m market cap, or US$98.0m).
お知らせ • Jan 30Griid Infrastructure Inc. COM Deleted from OTC EquityGriid Infrastructure Inc. COM has been deleted from OTC Equity effective January 29, 2024, due to Market Center Change Listed on NASDAQ.
Board Change • Jan 19High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Sundar Subramaniam was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.