How does GRDI's PE Ratio compare to its peers?

GRDI is good value based on its Price-To-Earnings Ratio (3.3x) compared to the peer average (33.9x).

How does GRDI's PE Ratio compare vs other companies in the US Software Industry?

GRDI is good value based on its Price-To-Earnings Ratio (3.3x) compared to the US Software industry average (38.4x).

What is GRDI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate GRDI's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of GRDI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate GRDI's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

GRDI Stock Overview

Operates as a vertically integrated bitcoin mining company in North America. More details

GRDI fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	2/6
Financial Health	0/6
Dividends	0/6

Rewards

Price-To-Earnings ratio (3.3x) is below the US market (18.2x)

Became profitable this year

Risk Analysis

Debt is not well covered by operating cash flow

Negative shareholders equity

Large one-off items impacting financial results

Volatile share price over the past 3 months compared to the US market

+ 1 more risk

My Notes

Capture your thoughts, links and company narrative

Griid Infrastructure Inc. Competitors

MIND C.T.I

NasdaqGM:MNDO

US$43.0m

CoreCard

NYSE:CCRD

US$179.8m

NetSol Technologies

NasdaqCM:NTWK

US$29.8m

Gorilla Technology Group

NasdaqCM:GRRR

US$162.6m

Price History & Performance

Summary of share price highs, lows and changes for Griid Infrastructure
Historical stock prices
Current Share Price	CA$0.96
52 Week High	CA$9.66
52 Week Low	CA$0.56
Beta	-1.13
1 Month Change	31.87%
3 Month Change	-8.12%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-78.66%

Recent updates

Shareholder Returns

	GRDI	US Software	US Market
7D	-11.1%	-4.2%	-0.5%
1Y	n/a	12.5%	24.3%

Return vs Industry: Insufficient data to determine how GRDI performed against the US Software industry.

Return vs Market: Insufficient data to determine how GRDI performed against the US Market.

Price Volatility

Is GRDI's price volatile compared to industry and market?
GRDI volatility
GRDI Average Weekly Movement	12.2%
Software Industry Average Movement	8.2%
Market Average Movement	6.5%
10% most volatile stocks in US Market	18.8%
10% least volatile stocks in US Market	3.3%

Stable Share Price: GRDI's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: GRDI's weekly volatility has decreased from 31% to 12% over the past year, but is still higher than 75% of US stocks.

About the Company

Founded	Employees	CEO	Website
2018	47	Trey Kelly	www.griid.com

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.

Griid Infrastructure Inc. Fundamentals Summary

How do Griid Infrastructure's earnings and revenue compare to its market cap?
GRDI fundamental statistics
Market cap	US$70.72m
Earnings (TTM)	US$21.62m
Revenue (TTM)	US$20.94m

3.3x

P/E Ratio

3.4x

P/S Ratio

Is GRDI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GRDI income statement (TTM)
Revenue	US$20.94m
Cost of Revenue	US$20.84m
Gross Profit	US$99.00k
Other Expenses	-US$21.52m
Earnings	US$21.62m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.30
Gross Margin	0.47%
Net Profit Margin	103.23%
Debt/Equity Ratio	-72.1%

How did GRDI perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/11/01 06:51
End of Day Share Price	2024/10/30 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Griid Infrastructure Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution