BitGo acquires NYDIG 28 August 2026US Reporter: Matthew Challis
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BitGo has acquired the institutional trading business and related assets of NYDIG, a financial services and infrastructure firm.
The transaction will allow BitGo to expand its institutional service offering, while NYDIG pivots its focus to vertically integrated power generation, bitcoin mining, and high-performance computing (HPC) data centre development.
According to BitGo, the acquisition means it can enhance financing and derivatives capabilities and complement the firm’s existing regulated custody, settlement, and wallet infrastructure.
BitGo also expects the transaction to enhance the stickiness of on-platform client assets.
Regarding the acquisition, Mike Belshe, CEO and co-founder of BitGo, comments: “We believe this transaction will meaningfully scale our trading and infrastructure capabilities and add an exceptional team with experience serving institutional clients.
“It is also expected to enable us to serve a broader base of sophisticated clients that we believe will benefit from BitGo’s comprehensive infrastructure offerings.”
Pete Janney, head of financial Infrastructure at BitGo, remarks: “This transaction allows our team to continue delivering the same innovative solutions, execution quality, and dedication clients have come to expect, now backed by an even deeper set of resources.”
Tejas Shah, CEO of NYDIG, adds: “Our team built NYDIG's institutional trading business into something exceptional: proven execution expertise with derivatives and financing capabilities.
“That business is complementary to BitGo's digital asset infrastructure, and we look forward to a seamless transition for our clients and our colleagues, some of the most talented people in this market.”
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