GRIID Infrastructure (GRIID Infrastructure) Gross-Profit-to-Asset %

: 11.40% (As of Sep. 2023)

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Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. GRIID Infrastructure's annualized Gross Profit for the quarter that ended in Sep. 2023 was $4.93 Mil. GRIID Infrastructure's average Total Assets over the quarter that ended in Sep. 2023 was $43.27 Mil. Therefore, GRIID Infrastructure's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2023 was 11.40%.

GRIID Infrastructure Gross-Profit-to-Asset % Historical Data

The historical data trend for GRIID Infrastructure's Gross-Profit-to-Asset % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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GRIID Infrastructure Annual Data

Trend

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

52.09

21.17

13.48

GRIID Infrastructure Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Sep23	Dec23
Gross-Profit-to-Asset %		25.12	87.75	13.18	11.40	-

Competitive Comparison

For the Capital Markets subindustry, GRIID Infrastructure's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

GRIID Infrastructure Gross-Profit-to-Asset % Distribution

For the Capital Markets industry and Financial Services sector, GRIID Infrastructure's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where GRIID Infrastructure's Gross-Profit-to-Asset % falls into.

GRIID Infrastructure Gross-Profit-to-Asset % Calculation

GRIID Infrastructure's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
	=	5.954	/	( (46.141	+	42.207)	/ 2 )
	=	5.954	/	44.174
	=	13.48 %

GRIID Infrastructure's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	4.932	/	( (43.747	+	42.8)	/ 2 )
	=	4.932	/	43.2735
	=	11.40 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Sep. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

GRIID Infrastructure Gross-Profit-to-Asset % Related Terms

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GRIID Infrastructure (GRIID Infrastructure) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » GRIID Infrastructure Inc (NAS:GRDI) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

GRDI:Canada

Address

2577 Duck Creek Road, Cincinnati, OH, USA, 45212

Website

Griid Holdco LLC is a vertically integrated Bitcoin mining company. It owns and operates a growing portfolio of energy infrastructure and high-density data centers across North America. The Company has built a cryptocurrency mining operation, which operates specialized computers (also known as miners) that generate cryptocurrency. Currently, the only cryptocurrency mined by GRIID is Bitcoin.

GRIID Infrastructure (GRIID Infrastructure) Headlines

From GuruFocus

Glancy Prongay & Murray LLP Announces Investigation of GRIID Infrastructure Inc. (GRDI)

By Business Wire • 03-05-2024