BitGo Acquires NYDIG’s Institutional Trading Business

BitGo announced the completion of its acquisition of NYDIG’s institutional trading business. The deal brings NYDIG’s client trading relationships and about 30 employees into BitGo’s operations.

Expansion of Services

The acquired unit offers derivatives, structured products, financing and capital‑markets services to asset managers, hedge funds and corporate clients. BitGo says the addition will significantly scale its trading and infrastructure capabilities, allowing it to serve a broader range of institutional customers.

Strategic Focus

NYDIG indicated that the sale will let it concentrate on its power‑generation, Bitcoin‑mining and high‑performance computing data‑center initiatives. The company’s development pipeline reportedly exceeds 3 GW, with more than 1 GW slated for delivery in 2027‑2028.

Leadership Comments

BitGo CEO Mike Belshe described the transaction as a means to “meaningfully scale” the firm’s trading and infrastructure. Pete Janney, head of financial infrastructure at BitGo, said the move enables the team to continue delivering innovative solutions with deeper resources.

Financial Terms

The companies did not disclose the financial terms of the transaction.