NYDIG to Acquire Crusoe's Bitcoin Mining Operations

According to Odaily, Bitcoin financial services firm NYDIG has announced a definitive agreement to acquire Crusoe's Bitcoin mining operations. The acquisition includes 270 megawatts of power generation technology that converts natural gas flaring into mining electricity. Following the transaction, the Crusoe team will integrate into NYDIG's power and Bitcoin mining division, with both parties continuing their strategic collaboration in the AI data center sector. NYDIG's parent company, Stone Ridge, holds 10GW of U.S. natural gas assets, and this acquisition is expected to create synergies with its energy business. Crusoe's 'digital flaring' technology has been deployed at over 20 mining sites across seven U.S. states and Argentina. NYDIG founder Ross Stevens stated that this integration will reduce the operational costs of Bitcoin network security while promoting efficient energy resource utilization.