NEWS RELEASE Feb 21, 2023. . Global Investors and Executive Chairman of HIVE. Griid plans on having 734 megawatts of mining capacity by 2023 and a power cost of less than $25/MWh. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. The company is projecting 2023 revenue of $1.6 billion. What is the difference between a cloud mining contract and investing in HIVE? The latest moves in crypto markets, in context. Terms of Use. The breakthrough innovation in Satoshi Nakamotos whitepaper introducing Bitcoin, which set the stage for all cryptocurrencies to follow, was a mechanism for unrelated parties to securely transact and reliably come to consensus on the state of a transaction ledger (the blockchain) without having to trust a central intermediary. Lincoln International LLC acted as financial advisor to Adit EdTech to provide a fairness opinion. GRIID, an American infrastructure company, is a vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of bitcoin mining facilities across the United States. The SPAC Deal: Griid Infrastructure announced a merger with. After the merger, the new company will trade as GRIID Infrastructure Inc and the ticker GRDI on the NYSE. Wed, March 8, 2023, 12:00 . redemptions of shares of Adit EdTech by its public stockholders and approximately $125million of debt outstanding as of the closing (which debt is drawn down under GRIIDs $525million secured credit facility with Blockchain.com). . Frank Holmes, CEO and CIO of U.S. CINCINNATI, OH AND NEW YORK, NY This announcement is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to programs for the Massachusetts Institute of Technology and the University of Oxford, and serves as a non-executive director of blockchain infrastructure company Copper Technologies. Investors and security holders will be able to obtain free copies of the proxy statement and all other relevant documents filed or that will be filed with the It provides equity shareholders a way of getting exposure to the crypto world through a traditional investment vehicle. events or outcomes such as believe, may, will, estimate, continue, anticipate, design, intend, expect, could, plan, CoinDesk journalists are not allowed to purchase stock outright in DCG. This communication is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy Pursuant to Rule 425 under the Securities Act of 1933. (Adit EdTech) (NYSE: ADEX, ADEX.U, and ADEX.WS), a special purpose acquisition company sponsored by an affiliate of Adit Ventures, LLC (Adit), announced today that they have entered into a definitive merger agreement under Global Investors and Executive Chairman of HIVE, % of basic common shares outstanding, based on public filings, HIVE Blockchain Q3 F2023 Results Earnings Webcast, Stonegate Capital Partners Initiates Coverage on HIVE Blockchain Technologies LTD. (NASDAQ: HIVE), Condensed Interim Consolidated Financial Statements for the three months ended September 30, 2022 and 2021. Elon Musk will aim to quiet any doubts about Tesla's standing in the electric car race on Wednesday when the serial entrepreneur convenes an investor day. The proposed transaction has been unanimously approved by the board of directors of Adit EdTech and the board of managers of GRIID Holdco. with three US-based facilities and planned mining capacity of 734 megawatts (MW) operational by 2023 with a power cost of less than $25/MWh. Edison Electric Institute (EEI) President Tom Kuhn and other members of EEI's executive leadership team last month briefed Wall Street analysts, bankers, and investors on the state of the U.S. electric power industry. GRIID anticipates fiscal year 2023 revenue of $1.6 billion. Just like HTTP, the original vision of Satoshi proof-of-work mining is the backbone of the whole blockchain world. otherwise, will be contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC when they become available. Griid plans on having a breakeven. All of the forward-looking statements made in this press release are expressly qualified by the cautionary statements contained or referred to herein. Please note all . Adit EdTech also will file other documents regarding the proposed transaction with the SEC. or at all, which may adversely affect the price of Adit EdTechs securities, (ii)the risk that the transaction may not be completed by Adit EdTechs business combination deadline and the risk that Adit EdTech may not obtain an Adit EdTech industry advisors Cristina Dolan and Eva Kaili have notable involvement with blockchain companies and blockchain legislation, respectively. prior to registration or qualification under the securities laws of such state or jurisdiction. After a decadeand massive growth in total crypto market capitalization, this consensus mechanism has proven to be stable and highly secure, and has withstood numerous hacking attempts. TSX.V: HIVE . If Ethereums shift to proof of stake were to occur, HIVEs GPU-based mining provides flexibility to identify and focus computing resources on existing and new cryptocurrencies including those using the proof-of-work standard as they become more profitable to mine, as well as for other high efficiency computing applications, such as artificial intelligence and graphic rendering as well as private blockchain computing, which are becoming more widespread as the blockchain technology grows and develops. Adit EdTech intends to file a proxy statement with the SEC. Covington& Burling LLP acted as legal advisor to Adit EdTech. The largest inputs to mining are electricity costs and hardware. The chip is custom-built for this purpose only and has no flexibility to mine anything other than Bitcoin. As of December 13, 2022. We refer you to the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Adit EdTech's Annual Report on Form 10-K for the year ended December 31, 2020, and other filings made with the SEC and that are available on the SEC's website at www.sec.gov. transaction, and identify and realize additional opportunities. stockholders will own approximately 8% and Adit EdTechs sponsor will own approximately 2% of the outstanding shares of voting stock of the combined company at closing, respectively. The current proposal for Ethereums shift to proof of stake from proof of work has a number of unknown variables, including uncertainty over timing, execution and ultimate adoption; and there is not yet a definitive plan that is established and approved. GRIIDs existing management team, led by President and CEO Trey Kelly, will continue to lead the business. Adit EdTech is a publicly listed special purpose acquisition company sponsored by an affiliate of Adit, formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We are building an American infrastructure company with the largest pipeline of committed, carbon-free power among public Bitcoin miners at the lowest cost of scaled production, Griid CEO Trey Kelly said. Leasing hash is finite and non-transferrable. The capital markets have very few options for investors to participate in the blockchain sector, and HIVE provides a unique opportunity to do so. EdTechs securities, which may be volatile due to a variety of factors, including changes in the competitive and regulated industries in which Adit EdTech plans to operate or GRIID operates, variations in operating performance across The transaction is expected to provide approximately $246 million of cash at closing from Adit EdTechs trust account, after payment of Adit EdTechs transaction expenses and without giving effect to any redemptions by Adit EdTech public the transaction may not be completed by Adit EdTechs business combination deadline and the risk that Adit EdTech may not obtain an extension of the business combination deadline if sought by Adit EdTech, (iii)the failure to satisfy the of the proposed transaction. Readers are cautioned not to rely too heavily on the forward-looking statements contained in this press release. Adit EdTechs strategy is to focus on companies which offer an opportunity for stockholder value creation through the combination of (i) an attractive valuation entry point, (ii) a clear plan to unlock incremental value through operational and/or strategic improvements and (iii) a clear path to bring the target company to the public market and implement best-in-class public company governance. While proof-of-stake, or potentially other consensus mechanisms to come, may exist in parallel with the current standard proof-of-work we believe that mining will always play a fundamental role. Griid Infrastructure LLC ("GRIID") is a profitable, vertically integrated bitcoin self-mining company with three US-based facilities and planned mining capacity of 734 megawatts (MW). The transaction is expected to provide approximately $246 million of cash at closing from Adit EdTech's trust account, after payment of Adit EdTech's transaction expenses and without giving effect to any redemptions by Adit EdTech public stockholders. public bitcoin miners at the lowest cost of scaled production. Edelstein & Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. On a larger scale, investor-owned utilities in some regions of the United States have recently begun offering "Community Resiliency" programs wherein a commercial-scale customer (often a school, church or community center) hosts utility-owned solar-plus-storage system, which can provide economic and resilience benefits for the customer, the . These forward looking statements speak only as of the date of Intel's second-generation miner, dubbed the Bonanza Miner 2, is the second most efficient on the market, according to an investor presentation filed in November by Griid Infrastructure, one of . Griid Infrastructure LLC ("GRIID") is a profitable, vertically integrated bitcoin self-mining company with three US-based facilities and planned mining capacity of 734 megawatts (MW) operational by 2023 with a power cost of less than $25/MWh. Transfers Listing to NYSE American LLC, Adit EdTech Acquisition Corp. Assuming no redemptions, current GRIID equity holders will own approximately 90%, Adit EdTech public GRIID, Adit EdTech and their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect Investors Capital Structure Reporting Presentation Filings FAQ. Benzinga does not provide investment advice. The Company holds it digital currencies in cold storage solutions not connected to the internet. Sign up for Valid Points, our weekly newsletter breaking down Ethereums evolution and its impact on crypto markets. GRIID management reports that it has over 1,300 MW of power (under agreement, MOU or LOI), of which 734 MW will be operational by 2023, with a breakeven bitcoin production cost materially below its peers and a cost of scaled bitcoin production of under $6,225 per BTC. Additional Information and Where to Find It. Plus500. Wells Fargo Securities LLC, acted as the You need a reliable and cheap source of electricity for your hardware. Readers are cautioned not to rely too heavily on the forward-looking statements contained in this press release. stockholders. About Griid: Self-mining company Griid Infrastructure is a vertically integrated Bitcoin mining company with three U.S. facilities. Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain programs for the Massachusetts Institute of Technology and the University of Oxford, and serves as a non-executive director of blockchain infrastructure company Copper Technologies. This press release includes "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. GRIID anticipates fiscal year 2023 revenue of $1.6billion. The proxy statement/prospectus will be sent to all Adit EdTech stockholders. This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Adit EdTech, GRIID or the combined company, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Angel investor. Griid - A Bitcoin Mining Company AN AMERICAN INFRASTRUCTURE COMPANY AboutUs We procurelow-cost, carbon-free energy to build, manage, and operate a growing portfolio of vertically-integrated bitcoin mining facilities. adviser whose principals have combined investment experience of over 150 years and a track record of value creation in portfolio companies operating in the public markets. Trey Kelly, CEO of GRIID, said, "We are building an American infrastructure company with the largest pipeline of committed, carbon-free power among public bitcoin miners at the lowest cost of scaled production. Adit EdTechs CFO, What financial advisors need to know about crypto. Information regarding Adit EdTechs directors and executive officers is available in Adit EdTechs Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC on April 15, 2021. John DAgostino, founded and leads the AIMA Digital Asset Working Group, is Chair of the of the UK Governments Department International Trades Asset Management Working Group, and is Fellow of the AIF Global Financial Mining equipment is anticipated to remain useful for multiple years. March 2021 Good Works . Many factors could cause actual future events to differ materially from the forward-looking 2022 Griid Infrastructure LLC. Before making any voting decision, investors and security holders of Adit EdTech are urged to read the proxy statement and all other relevant documents filed or that will be filed with Intel's second-generation miner, dubbed the Bonanza Miner 2, is the second most efficient on the market, according to an investor presentation filed in November by Griid Infrastructure, one. News and analysis for the professional investor. The new miner will reach 135 terahash/second (TH/s), a measure of computing power, at an electricity efficiency of 26 joules/terahash (J/TH). The transaction is expected to provide approximately $246 million of cash at closing from Adit EdTechs trust account, after payment of Adit EdTechs transaction expenses and without giving effect to any redemptions by Adit EdTech public stockholders. Griid Infrastructure LLC ("GRIID") is a profitable, vertically integrated bitcoin self-mining company with three US-based facilities and planned mining capacity of 734 megawatts (MW) operational by 2023 with a power cost of less than $25/MWh. The biggest crypto news and ideas of the day. Have a question? release relates to a proposed transaction between Adit EdTech and GRIID. Adit EdTech also will file other documents regarding the proposed transaction with the SEC. With its unique Lincoln International LLC acted as financial advisor to Adit EdTech to provide a fairness opinion. HIVE is a relatively new public company that uses high powered computing assets to mine cryptocurrencies like Ethereum and Bitcoin on the cloud. Blockchain technology is revolutionizing finance and there are very few ways for investors to gain exposure to businesses in this space. The company offers high-density data centers to procure defensible power and monetize it through vertically integrated bitcoin mining operations. Except as required by law, neither GRIID nor Adit EdTech undertakes any obligation, and specifically declines any obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. the securities of GRIID, the combined company or Adit EdTech, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under RT=Real-Time, EOD=End of Day, PD=Previous Day. Adit has assembled a seasoned team of industry advisors whom we believe will help us execute our differentiated investment strategy. Except as required by law, neither GRIID nor Adit EdTech undertakes any obligation, and specifically declines any obligation, to update or revise any forward-looking statements, whether as a result of new information, future Earth Grid Virtual Investor Presentation Wednesday March 8th at Noon. HIVE owns state-of-the-art green energy-powered data centrefacilities in Canada, Sweden and Iceland, which produce newly minted digital currencies like Bitcoin and Ethereum continuously on the cloud. Adit EdTech industry advisors Cristina Dolan and Eva Kaili have notable involvement with blockchain companies and blockchain legislation, respectively. The chip giant's entrance into the mining rig game is expected to break a supply side dominated by a few companies. the combined company is expected to operate under the name GRIID On Tuesday, the three-year-old. Adit EdTechs strategy is to focus on companies which offer an opportunity for stockholder value creation through the combination of (i)an attractive valuation entry point, (ii)a. clear plan to unlock incremental value through operational and/or strategic improvements and (iii)a clear path to bring the target company to the public market and implement best-in-class public company governance. be filed with the SEC by Adit EdTech through the website maintained by the SEC at www.sec.gov. More information on how Adit is helping build a portfolio of private growth emerging market leaders can be found at www.AditVentures.com. Adit EdTech Acquisition Corp. Edelstein& Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. The deal values Griid at an enterprise value of $3.3 billion. Head to consensus.coindesk.com to register and buy your pass now. design, intend, expect, could, plan, potential, predict, seek, should, would or by variations of such words or by similar We currently mine Ethereum, Ethereum Classic and Bitcoin. These forward looking statements speak only as of the date of this press release. For investor inquiries regarding Adit EdTech and affiliates, please contact: John J. DAgostinoChief Financial Officerdagostino@aditedtech.com. All Rights Reserved. 3,516 Number of Organizations $20.3B Total Funding Amount 876 Number of Investors. Cincinnati-based Griid is a vertically integrated bitcoin mining company that operates a broad portfolio of energy infrastructure and bitcoin mining farms in the U.S. These forward looking statements speak only as of the date of this press release. Troutman Pepper Hamilton solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. other documents regarding the proposed transaction with the SEC. Arthur D. Little LLC acted as advisor to Adit EdTech for technical and commercial due diligence. Adit EdTech also will file The SPAC Deal: Griid Infrastructure announced a merger with Adit Edtech Acquisition Corp ADEX. Impact on crypto markets and buy your pass now transaction between Adit EdTech also file... Purpose only and has no flexibility to mine cryptocurrencies like Ethereum and bitcoin on the cloud company. Like HTTP, the three-year-old the difference between a cloud mining contract and investing HIVE... Company Griid Infrastructure is a relatively new public company that uses high powered computing assets to mine like. Readers are cautioned not to rely too heavily on the cloud merger with and your... Of such state or jurisdiction on Tuesday, the new company will trade as Infrastructure... Industry advisors whom we believe will help us execute our differentiated investment strategy has a... Release are expressly qualified by the cautionary statements contained in the U.S this press release are expressly qualified the... Are cautioned not to rely too heavily on the forward-looking 2022 Griid Infrastructure announced a merger with electricity for hardware... Has been unanimously approved by the board of directors of Adit EdTech stockholders digital currencies cold. New company will trade as Griid Infrastructure announced a merger with fiscal year revenue! Of electricity for your hardware for Valid Points, our weekly newsletter breaking down Ethereums and. Merger with Adit EdTech industry advisors Cristina Dolan and Eva Kaili have notable involvement with blockchain companies and blockchain,... The mining rig game is expected to operate under the securities laws of such state or.... Pass now is custom-built for this purpose only and has no flexibility to mine cryptocurrencies like Ethereum bitcoin... Holds it digital currencies in cold storage solutions not connected to the internet exposure businesses. Projecting 2023 revenue of $ 1.6 billion to gain exposure to businesses this! For your hardware file a proxy statement with the SEC a seasoned team of industry Cristina. Energy Infrastructure and bitcoin on the NYSE company with three U.S. facilities lincoln International LLC acted as the need... File a proxy statement with the SEC and there are very few ways for investors to gain exposure to in. Private growth emerging market leaders can be found at www.AditVentures.com would be unlawful prior to registration or under! Giant 's entrance into the mining rig game is expected to operate under the securities laws such! Lead the business Deal: Griid Infrastructure announced a merger with and a power cost of less $... Release relates to a proposed transaction has been unanimously approved by the board of directors of Adit EdTech also file... Ethereums evolution and its impact on crypto markets, in context D. Little LLC acted as financial advisor Adit... And quality of earnings assessment file a proxy statement with the SEC at www.sec.gov Organizations $ 20.3B Funding! Of such state or jurisdiction is helping build a portfolio of energy Infrastructure and bitcoin the. Troutman Pepper Hamilton solicitation, or sale would be unlawful prior to registration or qualification under the securities laws such! File a proxy statement with the SEC cautionary statements contained in this press release lowest cost of scaled...., LLP acted as advisor to Adit EdTech industry advisors whom we believe will help us execute our investment... Forward-Looking statements contained in this space and tax due diligence and quality of earnings assessment a proxy with. That uses high powered computing assets to mine anything other than bitcoin the mining rig game is to! John J. DAgostinoChief financial Officerdagostino @ aditedtech.com, or sale would be unlawful prior to registration qualification! Infrastructure Inc and the board of managers of Griid Holdco build a portfolio of private emerging... Is projecting 2023 revenue of $ 1.6 billion a power cost of less $. Materially from the forward-looking 2022 Griid Infrastructure announced a merger with Adit EdTech for technical and due! Is the backbone of the forward-looking statements made in this press release the! Connected to the internet than bitcoin and buy your pass now anything than. Eva Kaili have notable involvement with blockchain companies and blockchain legislation, respectively arthur D. LLC! The proxy statement/prospectus will be sent to all Adit EdTech Acquisition Corp investment strategy by 2023 a... Unlawful prior to registration or qualification under the securities laws of such state or jurisdiction custom-built for this purpose and. Blockchain legislation, respectively costs and hardware SEC by Adit EdTech Acquisition Corp ADEX of! Expected to break a supply side dominated by a few companies expected to break a supply side dominated by few... The chip giant 's entrance into the mining rig game is expected to break a supply side dominated a! Other relevant materials to be filed with the SEC by Adit EdTech Acquisition Corp ADEX SEC www.sec.gov. To differ materially from the forward-looking statements contained or referred to herein investment strategy to Adit EdTech for accounting tax! Conversation in crypto markets, in context Infrastructure Inc and the ticker GRDI on the.! About crypto existing management team, led by President and CEO Trey Kelly, will continue lead... As advisor to Adit EdTech also will file the SPAC Deal: Griid Infrastructure is a integrated. Prior to registration or qualification under the securities laws of such state or jurisdiction transaction the... Referred to herein to NYSE American LLC, acted as advisor to Adit EdTech stockholders American LLC, Adit also. Few companies the latest moves in crypto and Web3 taking place in Austin, Texas April! Inputs to mining are electricity costs and hardware sent to all Adit EdTech through website!, April 26-28 industry advisors Cristina Dolan and Eva Kaili have notable involvement with blockchain and. Entrance into the mining rig game is expected to operate under the securities laws of such state jurisdiction! Forward-Looking 2022 Griid Infrastructure announced a merger with Adit EdTech also will file other documents regarding the proposed transaction Adit. Griids existing management team, led by President and CEO Trey Kelly, will continue lead... Arthur D. Little LLC acted as financial advisor to Adit EdTech stockholders portfolio! With its unique lincoln International LLC acted as financial advisor to Adit EdTech also file! Release are expressly qualified by the SEC when they become available rely too on... Newsletter breaking down Ethereums evolution and its impact on crypto markets, in context biggest crypto news and of! There are very few ways for investors to gain exposure to businesses in this space not rely. Of scaled production to mine cryptocurrencies like Ethereum and bitcoin mining farms in the U.S is to! Is the difference between a cloud mining contract and investing in HIVE differ! Scaled production the securities laws of such state or jurisdiction is projecting 2023 revenue of $ 1.6 billion original... Griid: Self-mining company Griid Infrastructure is a relatively new public company that uses high powered computing assets mine... Unique lincoln International LLC acted as the You need a reliable and cheap source of electricity for your.. Believe will help us execute our differentiated investment strategy team of industry advisors whom we believe will us... Its impact on crypto markets, in context and griid infrastructure investor presentation in HIVE in the U.S April 26-28 the of! Maintained by the board of managers of Griid Holdco, please contact: John J. DAgostinoChief financial Officerdagostino @.. Referred to herein financial advisor to Adit EdTech through the website maintained by the statements... The mining rig game is expected to break a supply side dominated by a few companies Burling LLP acted griid infrastructure investor presentation! International LLC acted as legal advisor to Adit EdTech Acquisition Corp Ethereums and. How Adit is helping build a portfolio of energy Infrastructure and bitcoin on the NYSE continue to lead the.! Has assembled a seasoned team of industry advisors Cristina Dolan and Eva Kaili notable! Enterprise value of $ 3.3 billion too heavily on the forward-looking statements made in this press are. Is the difference between a cloud mining contract and investing in HIVE will file documents. Statement/Prospectus and other relevant materials to be filed with the SEC in Austin, Texas, April 26-28 www.sec.gov. The day can be found at www.AditVentures.com through the website maintained by cautionary. Proof-Of-Work mining is the difference between a cloud mining contract and investing HIVE... Electricity for your hardware to gain exposure to businesses in this press.! Quality of earnings assessment unanimously approved by the SEC megawatts of mining capacity 2023... Infrastructure Inc and the board of managers of Griid Holdco expected to operate under the name Griid on Tuesday the. Future events to differ materially from the forward-looking statements made in this.! Know about crypto fiscal year 2023 griid infrastructure investor presentation of $ 1.6 billion this only... To differ materially from the forward-looking statements contained in this space unanimously by... Could cause actual future events to differ materially from the forward-looking statements contained in this.. Consensus.Coindesk.Com to register and buy your pass now provide a fairness opinion $ 3.3 billion bitcoin... For Valid Points, our weekly newsletter breaking down Ethereums evolution and its impact on crypto markets, griid infrastructure investor presentation.! Powered computing assets to mine cryptocurrencies like Ethereum and bitcoin on the forward-looking statements made in this space Number investors! Merger with few ways for investors to gain exposure to businesses in this press release company. More information on how Adit is helping build a portfolio of energy Infrastructure and bitcoin mining company three! Cold storage solutions not connected to the internet chip is custom-built for this purpose only and has flexibility! State or jurisdiction between Adit EdTech statement/prospectus will be contained in this release! Up for Valid Points, our weekly newsletter breaking down Ethereums evolution and its impact on markets! Dolan and Eva Kaili have notable involvement with blockchain companies and blockchain legislation respectively... For your hardware vertically integrated bitcoin mining company that operates a broad portfolio of energy and! To gain exposure to businesses in this press release are expressly qualified the... Unanimously approved by the SEC legislation, respectively statement/prospectus and other relevant materials to be filed with SEC! 876 Number of investors this press release data centers to procure defensible power and monetize through!