Summary
TLDR: GRIID, a company with 68MW of electrical capacity in multiple locations, plans to increase its capacity to 436MW by 2024, according to its recent filing.
Key Points
1. GRIID has a current electrical capacity of 68 megawatts (MW) and operates in multiple locations including Watertown, New York; Limestone, Maynardville, and Lenoir City, Tennessee.
2. The company plans to significantly expand its capacity to 436MW by the end of 2024, indicating a strong growth trajectory for GRIID.
3. GRIID is actively involved in cryptocurrency mining, utilizing its electrical capacity to support the energy-intensive process of mining digital currencies such as Bitcoin.