BitGo has completed a transaction to acquire specific assets from NYDIG, marking a strategic shift for the latter company. The deal involves an upfront payment and potential future earnings based on revenue performance over the next two years.
Under the new arrangement, NYDIG will retain its mining and custody operations while fully exiting the trading sector. This move consolidates infrastructure roles for BitGo while allowing NYDIG to focus on its remaining core services.
Key facts
- The transaction was announced and completed on August 27, 2026.
- BitGo paid approximately $42.5 million in upfront consideration.
- Earn-out payments are tied to revenue hurdles of $45 million and $70 million through February 2028.
- NYDIG will retain its mining and custody businesses.
- NYDIG is exiting the trading business as part of the agreement.
Why it matters
This restructuring clarifies the operational focus for both firms, separating trading activities from infrastructure and custody services. It sets a benchmark for how bitcoin infrastructure companies may consolidate specialized functions while divesting non-core segments to meet financial targets.