**[BitGo Acquires NYDIG's Institutional Trading Business for $42.5 Million, Expands Derivatives and Financing Services]** Odaily Planet Daily News – Digital asset infrastructure company BitGo has announced the completion of its acquisition of NYDIG's institutional trading business. The transaction was structured as a two-step merger with a total consideration of approximately $42.5 million, including $7 million in cash and approximately $35.5 million in BitGo stock. This acquisition brings around 30 NYDIG employees and institutional client relationships into BitGo, enabling the company to offer derivatives, structured products, financing, and capital market solutions to asset management firms, hedge funds, corporations, and family offices. The deal also includes performance-based incentives, such as a $10 million cash payment tied to a revenue milestone and up to $5 million in additional cash and shares linked to a second milestone. Retention bonuses will also be provided to transitioning employees. NYDIG will now focus on power generation, Bitcoin mining, and high-performance computing data center operations, with the company disclosing a development reserve exceeding 3 gigawatts. BitGo recently completed its IPO on the New York Stock Exchange, achieving a post-IPO valuation of approximately $2 billion, and has launched the USDS token. (Decrypt)