One of the largest ever private acquisitions for Bitcoin mining is about to take place. But, why?
What’s happening:
- New York Digital Investment Group has entered into a new deal with Crusoe Energy to acquire all of their existing Bitcoin mining operations
By the numbers:
- New York Digital Investment Group will take over 427 modular data centres that were previously owned by Crusoe Energy throughout the United States and Argentina
- New York Digital Investment Group will also take full operational control over 270 megawatts of power generation technology as part of the new acquisition
Why it matters:
- This new deal between Crusoe Energy and New York Digital Investment Group is one of the single largest private acquisitions to ever occur for Bitcoin mining operations
Going deeper:
- Crusoe Energy has publicly stated they plan to fully focus on artificial intelligence infrastructure and high performance computing following the closing of the deal with New York Digital Investment Group
- New York Digital Investment Group is backed by some of the world’s most notable investors, including Stone Ridge Holdings Group, Morgan Stanley, Fidelity and Soros Fund Management
