BitGo has acquired NYDIG, the vertically integrated power and compute infrastructure company, for an undisclosed amount. The deal brings NYDIG’s energy and high-performance computing operations under BitGo’s corporate umbrella, expanding the acquiring firm’s footprint beyond its core digital asset custody and wallet services.
NYDIG builds and operates power generation assets and grid positions, developing the high-density data centers that run on them. Its pipeline supports AI training and inference, high-performance computing, bitcoin mining, and other compute-intensive workloads, with more than 1 GW of capacity slated for delivery in 2027 and 2028. As an affiliate of Stone Ridge Holdings Group, NYDIG also draws on the Stone Ridge Energy franchise, which owns and operates assets tied to roughly 3% of U.S. natural gas production. That operational base informs how NYDIG underwrites long-term tenant commitments and structures financing for large-scale compute projects.
For BitGo, the acquisition is a move into physical infrastructure, a departure from its historical focus on securing digital assets. By owning NYDIG’s energy and compute assets, BitGo gains direct control over the power and data center layer that underpins much of the modern digital economy, including bitcoin mining and AI workloads. The strategic rationale centers on vertical integration: BitGo can now offer institutional clients a pathway from energy production to compute execution, rather than only the custody layer that sits on top.
The combined entity is expected to leverage NYDIG’s development pipeline and Stone Ridge’s energy expertise to support BitGo’s broader ambitions in institutional-grade digital infrastructure. NYDIG’s existing tenant relationships and financing structures are likely to remain intact, while BitGo provides additional balance sheet strength and a regulated financial services wrapper. The deal does not include any disclosed changes to NYDIG’s leadership or project timelines.
With this purchase, BitGo positions itself as a diversified infrastructure operator, not just a custody provider. The near-term focus will be on executing NYDIG’s 2027 and 2028 capacity targets and integrating energy risk management into BitGo’s service offerings. How quickly the two firms align their operational cultures will determine whether the acquisition delivers on its promise of bridging digital assets and physical power.