Griid Infrastructure to add 60 MW with bitcoin mining facility in Tennessee

GRIID Infrastructure 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. “GRIID came to the Tennessee Valley because of the favorable business climate and the availability of reliable and affordable low-carbon electricity,” said Trey Kelly, CEO of GRIID. “Thanks to the Tennessee Valley Authority and its affiliate, Jackson Energy Authority, we will increase our presence in TVA and further our investment in Tennessee. We are grateful to the city of Jackson – they’ve welcomed us with open arms.”