The merger between Bitcoin mining firm GRIID and a blank-check company has been delayed again.

Adit EdTech, a special purpose acquisition company (SPAC) that announced in November 2021 it would acquire GRIID, said in an SEC filing from last week that it had pushed the deadline for the business combination from January 14 to February 14.

It is the third formal delay to the process. An initial deadline to finalize the deal in May 2022 came and went without comment from the two companies. They then agreed to formally extend the deadline to October 1 of last year. This was then postponed again, with Adit asking its shareholders to approve further delays.

(By Alys Key)