BitGo announced that it completed the acquisition of NYDIG’s institutional trading business for approximately $42.5 million in a cash-and-stock transaction, consisting of $7 million in cash and approximately $35.5 million in BitGo shares. About 30 NYDIG employees and related institutional client relationships will transfer to BitGo as part of the deal. NYDIG will thereafter focus on power, Bitcoin mining, and HPC data center businesses.
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BitGo Completes $42.5 Million Acquisition of NYDIG’s Institutional Trading Business
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