BitGo acquires NYDIG institutional trading business, NYDIG transforms into mining business

BitGo announced the acquisition of NYDIG's institutional trading business and related assets, and approximately 30 NYDIG employees will join BitGo, transferring NYDIG's institutional trading customer relationships. BitGo will integrate its related businesses with its hosting, trading, settlement, and wallet infrastructure. NYDIG focuses its resources on power generation, Bitcoin mining, and high-performance computing data center businesses. Its computing infrastructure development reserves currently exceed 3 gigawatts, with over 1 gigawatt expected to be ready for delivery in 2027 and 2028.