GRIID Infrastructure Inc.

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Ademi LLP is investigating GRIID (Nasdaq: GRDI) for possible breaches of fiduciary duty and other violations of law in its transaction with CleanSpark.

The transaction agreement unreasonably limits competing transactions for GRIID by imposing a significant penalty if GRIID accepts a competing bid. GRIID insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of GRIID’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.