Ten31 Announces First Public Listing of Bitcoin-Focused Venture Fund via BTC Miner GRIID

Today, Ten31, the world’s leading Bitcoin technology investor, announced the listing of its portfolio company GRIID Infrastructure on the Nasdaq Global Market stock exchange. According to a press release sent to Bitcoin Magazine, this is the first public listing of a Bitcoin-focused investment fund portfolio company.

GRIID, a uniquely positioned and vertically integrated Bitcoin mining and energy infrastructure company, successfully passed a lengthy regulatory review process to achieve this public listing. Ten31, which served as GRIID’s exclusive institutional capital partner, invested through its second institutional venture fund, Low Time Preference Fund II, underscoring its commitment to supporting innovative ventures in the Bitcoin and free technology space.

“GRIID is a vertically integrated operator purpose-built for Bitcoin mining from the ground up and is uniquely positioned to become one of the leading Bitcoin mining companies in the world,” said Trey Kelly, founder and CEO of GRIID. said. “We believe that listing on Nasdaq will enhance our visibility, liquidity, and expand our investor base as we continue to strengthen our market presence and strengthen our commitment to delivering shareholder value. Ten31’s capital support and strategic guidance were critical to helping us achieve this milestone. We strongly feel that there is no better partner or investor in the Bitcoin space than Ten31, and we look forward to continuing our close partnership.”

Concurrent with GRIID’s listing performance, Ten31 welcomes Harry Sudock, GRIID’s Chief Strategy Officer, as an advisor, while retaining his role at GRIID. Sudock, a prominent figure in Bitcoin mining and energy infrastructure, brings valuable expertise to Ten31’s advisory team.

“After many years of building Bitcoin companies, I have seen first-hand the critical value of a capital partner who shares our understanding of Bitcoin and brings proven institutional investment expertise. They implement the proof-of-work spirit of Bitcoin in everything they do,” Sudock said. “We expect GRIID to be the first of many success stories to come out of the Ten31 portfolio. We are excited to support Ten31 by investing in the best companies in the rapidly evolving Bitcoin ecosystem while also serving as a resource to both portfolio companies. and their founders.”

These developments coincide with the launch of Ten31’s third institutional fund, Low Time Preference Fund III, securing its anchor commitment and strengthening its position as a leading Bitcoin technology investor. Additionally, Ten31’s Tactical Fund aims to provide access to individual accredited investors, giving them additional opportunities to participate in the rapidly evolving Bitcoin ecosystem.

Ten31’s commitment to supporting Bitcoin goes beyond investing in companies, as it continues to allocate funds to open source development within the Bitcoin ecosystem. The fund provided support to independent Bitcoin developer calle for his work on the Bitcoin-based Chaumian ecash. Ten31 is the most active investor in open source businesses in the Bitcoin ecosystem, and as a founding contributor to the public charity OpenSats in 2021, it has supported a variety of open source efforts without strings attached.