Financial Snapshot

Revenue
$20.94M
TTM
Gross Margin
34.56%
TTM
Net Earnings
$33.23M
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
3.7%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
-$33.91M
Q2 2024
Cash
Q2 2024
P/E
2.941
Oct 30, 2024 EST
Free Cash Flow
-$20.47M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020
Revenue $19.62M $0.00 $0.00 $0.00
YoY Change

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020
Revenue $19.62M $0.00 $0.00 $0.00
Cost Of Revenue $13.67M $12.23M $5.054M
Gross Profit $5.954M $10.12M $25.77M
Gross Profit Margin 30.34%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020
Selling, General & Admin $13.32M $20.60M $11.43M
YoY Change -35.32% 80.27%
% of Gross Profit 223.78% 203.52% 44.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.540M $7.128M $3.335M
YoY Change -22.28% 113.73%
% of Gross Profit 93.05% 70.42% 12.94%
Operating Expenses $18.86M $2.941M $3.704M $0.00
YoY Change 541.36% -20.6%
Operating Profit -$11.63M -$2.941M -$3.704M
YoY Change 295.31% -20.6%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020
Interest Expense $34.00M $3.984M $115.4K
YoY Change 753.42% 3351.22%
% of Operating Profit
Other Income/Expense, Net -$2.967M $8.569M $1.071M
YoY Change -134.62% 699.76%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020
Pretax Income -$14.59M $5.628M -$2.633M $0.00
YoY Change -359.31% -313.77%
Income Tax $4.063M $795.2K $775.0K
% Of Pretax Income 14.13%
Net Earnings -$18.66M $4.833M -$2.633M $0.00
YoY Change -486.05% -283.57%
Net Earnings / Revenue -95.07%
Basic Earnings Per Share -$0.34 $0.14 -$0.08
Diluted Earnings Per Share -$0.34 $0.14 -$76.31K $0.00

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020
Cash & Short-Term Investments $2.851M $992.2K $462.3K $40.00K
YoY Change 187.34% 114.63% 1055.68%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $444.0K $1.171M $265.3K
YoY Change -62.08% 341.41%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $3.335M $2.163M $727.6K $40.00K
YoY Change 54.17% 197.32% 1718.9%
Property, Plant & Equipment $33.15M $39.71M $22.63M
YoY Change -16.51% 75.44%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.941M $10.52M
YoY Change -53.03%
Other Assets $5.723M $25.04M $276.1M $470.0K
YoY Change -77.15% -90.93% 58651.03%
Total Long-Term Assets $38.87M $25.04M $276.1M $460.0K
YoY Change 55.23% -90.93% 59928.22%
Total Assets $42.21M $27.20M $276.9M $500.0K
YoY Change
Accounts Payable $12.90M $4.598M $1.115M
YoY Change 180.6% 312.38%
Accrued Expenses $6.509M $4.807M $3.154M $330.0K
YoY Change 35.39% 52.43% 855.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $1.393M $150.0K $150.0K
YoY Change -100.0% 828.8% 0.0%
Long-Term Debt Due $2.743M $1.044M $0.00
YoY Change 162.74%
Total Short-Term Liabilities $22.15M $7.135M $3.323M $480.0K
YoY Change 210.51% 114.73% 592.24%
Long-Term Debt $69.11M $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $6.281M $7.221M $14.70M
YoY Change -13.02% -50.89%
Total Long-Term Liabilities $75.39M $7.221M $14.70M $0.00
YoY Change 943.95% -50.89%
Total Liabilities $101.8M $14.36M $18.03M $480.0K
YoY Change 609.42% -20.36% 3655.66%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020
Basic Shares Outstanding 54.77M 6.900M 6.853M
Diluted Shares Outstanding 54.77M 6.900M 6.853M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $97.75 Million

About

Griid Infrastructure, Inc. operates an integrated bit-coin self-mining company. The company is headquartered in Cincinnati, Ohio and currently employs 43 full-time employees. The company went IPO on 2021-01-12. The firm operates a research and development center in Austin, Texas and a development, deployment and equipment repair center in Rutledge, Tennessee. The company maintains mining facilities in Watertown, New York; Limestone, Maynardville and Lenoir City, Tennessee. The company owns and operates a growing portfolio of energy infrastructure and high-density data centers across North America. The firm has built a cryptocurrency mining operation, which operates specialized computers (also known as miners) that generate cryptocurrency. The only cryptocurrency mined by the Company is bitcoin. The firm is focused on developing a power pipeline that relies on a low-carbon energy mix, including 1,300 MWe. Its mining operations use ASICs from Bitmain, MicroBT, and Intel.

Industry: Finance Services Peers: Arax Holdings Corp. Cerence Inc CoreCard Corp Prairie Operating Co LivePerson Inc SYNCHRONOSS TECHNOLOGIES INC Veritone, Inc.