NYDIG acquires Crusoe Bitcoin mining operations

Odaily Planet Daily News Bitcoin financial services company NYDIG announced a final agreement to acquire Crusoe's Bitcoin mining business. The acquisition includes 270 megawatts of power generation technology assets, which can convert natural gas associated gas into mining power. After the transaction is completed, the Crusoe team will be incorporated into NYDIG's power and Bitcoin mining departments, and the two parties will continue to maintain strategic cooperation in the field of AI data centers. NYDIG's parent company Stone Ridge holds 10GW of US natural gas assets, and this acquisition will form synergies with its energy business. Crusoe's "digital emission reduction" technology has been deployed in more than 20 mining sites in 7 states in the United States and Argentina. NYDIG founder Ross Stevens said that this integration will reduce the cost of Bitcoin network security operations while promoting the efficient use of energy resources.