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As part of the transaction, NYDIG will acquire over 270MW of power generation technology that drives the production of near-zero direct cost of electricity, expanding NYDIG's already significant role in supporting bitcoin's proof-of-work security. NYDIG will integrate and expand the world-class team that pioneered Crusoe's bitcoin mining business, supporting NYDIG's mission of advancing the modern global economy through innovation at the intersection of power, compute, and sound money.
"With fiat currencies collapsing against bitcoin around the world—and since I founded NYDIG even the U.S. dollar down 97% for Americans and American firms not yet saving in bitcoin—it is critically important to keep the bitcoin network secure, and at the lowest possible cost," said Ross Stevens, Founder & Executive Chairman of NYDIG. "At the same time, natural gas is a powerful weapon in the fight against global energy poverty and, across Stone Ridge, we chose to be leaders in this battle. In the years to come, NYDIG will invest in and expand the footprint of DFM and bitcoin—separately and in combination—across the country and around the world, doing our part to advance human flourishing."
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