BitGo acquires NYDIG institutional trading business for $42.5M+ in cash/stock

BITGO HOLDINGS, INC.

Total consideration: $7M cash plus ~$35.5M in BitGo stock, with $10M and up to $5M cash earn-outs tied to revenue milestones.
Additional employee incentives: $5M RSUs and $5M cash retention awards vesting on second revenue milestone.
About 30 NYDIG employees join BitGo; NYDIG retains power/HPC business with >3 GW pipeline.
Deal closed promptly on Aug 27, 2026; adds derivatives, structured products, and financing capabilities.
Registration Rights Agreement requires filing of resale registration statement for issued shares.

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