Share this article
Bitcoin Broker NYDIG Acquires Firm That Finances Mining Farms
The Stone Ridge spin-off is adding Arctos Capital to the mix.
By Zack Seward
Updated May 9, 2023, 3:18 a.m. Published Apr 22, 2021, 1:12 p.m.
Make us preferred on Google
NYDIG has bought a commercial lender to extend its reach across the institutional bitcoin landscape.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Arctos Capital provides financing solutions to bitcoin miners and other crypto firms, according to a Thursday announcement.
- Earlier this year NYDIG acquired Digital Assets Data, a crypto research and analytics firm.
- "We are thrilled about joining NYDIG to continue building financing solutions and other services that support the growth of the bitcoin mining industry across North America," Arctos Capital Managing Partner Trevor Smyth said in a statement.
- The terms of the deal were not disclosed.
- NYDIG, a bitcoin-focused spin-off of Stone Ridge Asset Management, has raised $300 million since March from big names including Liberty Mutual, New York Life, George Soros, Morgan Stanley and more.
Read more: NYDIG Raises $100M From Insurance Giants in Latest Round
More For You
From Wall Street to Web3: This is crypto’s year of integration, Silicon Valley Bank says
From bank-led stablecoins to tokenized T-bills and AI-powered wallets, digital assets will move from pilot projects to financial plumbing this year.
What to know:
- Silicon Valley Bank's Anthony Vassallo says institutional adoption of crypto is accelerating, pushing bigger venture capital checks, more bank-led custody and lending, and deeper M&A consolidation.
- Stablecoins are emerging as the “internet’s dollar,” fueled by clearer regulation and enterprise demand for payments and settlement.
- Tokenized real-world assets and AI-driven crypto applications are shifting blockchain from speculation to core infrastructure, the bank said.
Top Stories
