Ten31, a global leader in Bitcoin technology investing, today announced the listing of its investment firm on the global Nasdaq exchange, GRIID Infrastructure. This marks the first public listing of a bitcoin-focused investment fund portfolio company, according to a press release sent to Bitcoin Magazine.
GRIID, a uniquely positioned and vertically integrated Bitcoin mining and energy infrastructure company, has successfully passed the lengthy regulatory review process to achieve this public listing. Ten31, having served as GRIID's exclusive institutional capital partner, has invested through its second institutional venture fund, Low Time Preference Fund II, underscoring its commitment to supporting innovative projects in the space of Bitcoin technology and freedom.
“As a vertically integrated operator, built specifically for Bitcoin mining from day one, GRIID is uniquely positioned to become one of the world’s leading Bitcoin mining companies,” said Trey Kelly, Founder and CEO of GRIID. “We believe that listing on Nasdaq will enhance our visibility and liquidity and expand our investor base as we continue to strengthen our market position and strengthen our commitment to delivering shareholder value. The capital support and strategic guidance provided by Ten31 has been invaluable in helping us reach this milestone. We feel strongly that no A better partner or investor in the Bitcoin space than Ten31, and we look forward to continuing our close partnership.
In conjunction with the completion of GRIID's listing, Ten31 welcomes Harry Suddock, GRIID's Chief Strategy Officer, as an advisor while maintaining his role at GRIID. Sudock, a prominent figure in Bitcoin mining and energy infrastructure, brings valuable expertise to the Ten31 consulting team.
“After many years of building a Bitcoin company, I know first-hand the critical value of capital partners who share our understanding of Bitcoin and offer proven institutional investment experience. They embody the proof-of-business ethos of Bitcoin in everything they do,” Sudok said. “I expect GRIID to be the The first of many success stories to emerge from the Ten31 portfolio, I am excited to help support Ten31 as it invests in the best companies in the rapidly evolving Bitcoin ecosystem while serving as a resource for both companies in the portfolio. and its founders.”
This development is in line with the launch of Ten31's third institutional fund, Low Time Preference Fund III, securing core commitments and strengthening its position as a leading investor in Bitcoin technology. Additionally, the Ten31 Tactical Fund aims to provide access to accredited retail investors, providing more opportunities to participate in the rapidly evolving Bitcoin ecosystem.
Ten31's commitment to supporting Bitcoin extends beyond investing in companies, as it continues to allocate funding to open source development within the Bitcoin ecosystem. The fund has granted support to independent Bitcoin developer Calle for his work on Chaumian ecash, which runs on Bitcoin. Ten31 is the most active investor in open source businesses in the Bitcoin ecosystem, and was a founding contributor to public charity OpenSats in 2021, where it supports a variety of open source efforts on a no-strings-attached basis.
