Back to Organizations
NYDIG
NYDIG (New York Digital Investment Group) is a technology and financial services firm dedicated to Bitcoin, founded in 2017. The company operates two main franchises: Power & Bitcoin Mining and Bitcoin Financial Infrastructure. It offers financial products and services related to virtual currency through various regulated and licensed legal entities, aiming to bridge traditional finance with the modern economy by making bitcoin and low-cost energy accessible.
New York, USA
Description
NYDIG (New York Digital Investment Group), founded in 2017, is a vertically-integrated technology and financial services firm dedicated to Bitcoin. The company operates through two main franchises: Power & Bitcoin Mining and Bitcoin Financial Infrastructure. It leverages an expansive power infrastructure to support bitcoin's proof-of-work and other uses of low-cost energy. Its proprietary platform provides institutional-grade services including spot and derivatives trading, structuring, and financing. As an affiliate of Stone Ridge Holdings Group, NYDIG utilizes synergies, particularly with the Stone Ridge Energy franchise, to enhance its bitcoin mining operations. NYDIG offers its financial products through various regulated entities, such as NYDIG Trust Company LLC and NYDIG Execution LLC, which are licensed by the New York Department of Financial Services (NYDFS) and hold numerous state licenses. The company also publishes research on Bitcoin markets but emphasizes that bitcoin investments are highly volatile and carry significant risk.Grant Funding
VC Funding
None
2017
2020
2021
$0
$1.4B