GRIID Infrastructure Inc. announced plans to develop and operate a 60 MW bitcoin mining site in Tennessee. The new mining site will be located in Jackson, Tennessee on a 15-acre plot owned by the Company. The local utility, Jackson Energy Authority, has built a substation on the property to support the Company?s plans to begin operations in 2024.

The Company?s arrival in Central Tennessee represents a continued commitment to doing business in a state that is rapidly becoming one of the centers of the bitcoin industry in the U.S. GRIID currently operates three mining sites in East Tennessee in Limestone, Maynardville and Lenoir City in addition to a development, deployment, and equipment repair center in Rutledge, Tennessee.