BitGo Snaps Up NYDIG Trading Business for $42.5 Million in Cash and Shares

BitGo has acquired NYDIG's institutional trading business in a two-phase merger for approximately $42.5 million.

The deal includes $7 million in cash and about $35.5 million in BitGo shares, with around 30 employees from the division and its institutional client relationships transitioning to BitGo.

Following this acquisition, NYDIG will focus on energy, bitcoin mining, and high-performance computing data centers.