SPAC Adit EdTech gains on report of talks to take bitcoin miner Griid Infrastructure public

SPAC Adit EdTech (NYSE:ADEX) rose 2.1% on a report that it's in talks to take bitcoin miner Griid Infastructure public in a deal that will value the combined company at more than $3B. Terms of a transaction haven't been finalized, according to a Bloomberg report. The report comes after Griid, which was found in 2018 and is based in Cincinnati, Ohio, earlier this week said announced it has secured a $525M credit facility from Blockchain.com. Griid joins several other bitcoin miners that have gone public through SPACs including Bitdeer Technologies, which announced a deal to go public last week through Blue Safari Group (NASDAQ:BSGA) and Core Scientific, which is in a deal to go public through SPAC Power & Digital Infrastructure (NASDAQ:XPDI). Last week, Bloomberg reported that Prime Blockchain, a bitcoin miner and infrastructure company, is said to be in talks to be taken public through SPAC 10X Capital Venture Acquisition Corp. II (NASDAQ:VCXA).