Congratulations to portfolio company NYDIG on its acquisition of Arctos Capital, a technology-driven commercial lender that provides financing solutions to bitcoin holders, investors, and mining businesses. Arctos will become part of NYDIG's Market Solutions business, in which the firm provides industry-leading access to the bitcoin spot and derivatives markets, data-driven execution strategies, and custom financing solutions. The combined offering creates a comprehensive suite of services for institutional bitcoin miners, including equipment procurement and financing, custody, execution, derivatives and hedging and other customized solutions.
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NYDIG announces acquisition of Arctos Capital
Tejas Shah, Head of Market Solutions at NYDIG, said, "Arctos Capital is a pioneer in providing equipment financing and other tailored capital market products for the bitcoin mining industry. Randy and Trevor Smyth have been long-time leaders in the industry, and we've admired and appreciated their focus on supporting and funding their clients with innovative solutions. NYDIG's industry-leading financing capabilities are strengthened by this acquisition, allowing us to combine NYDIG's long-term, low-cost capital with Arctos's market expertise in order to deliver an expanded suite of solutions for our clients."
