NYDIG Acquires Arctos Capital to Better Serve Bitcoin Miners

NYDIG will be able to support more bitcoin miners and leverage Arctos’ credit solutions for banks and insurance companies, which make up much of NYDIG’s clientele.

article-image

Blockworks exclusive art by Axel Rangel

share

key takeaways

  • The combined company will deploy capital to support North American bitcoin miners
  • Terms of the deal were not disclosed

NYDIG has acquired Arctos Capital, a commercial lender focused on serving the bitcoin mining industry, for an undisclosed amount.

This is the second acquisition by NYDIG this year. In January it acquired analytics company Digital Assets Data and said it plans to make several more acquisitions this year. 

The acquisition allows NYDIG to combine its “long-term, low-cost capital with Arctos’s market expertise in order to deliver an expanded suite of solutions for our clients,” Tejas Shah, NYDIG’s head of market solutions, said in a press release Thursday. The combined company will deploying capital to support bitcoin miners across the U.S. and Canada over the coming months. That could include equipment procurement and financing, custody, execution, derivatives and hedging and other customized solutions.

“Our lending products will also provide investable credit solutions for banks and life insurance companies, which will help to bring in more low-cost capital for the industry,” said Arctos Capital managing partner Trevor Smyth.

Earlier this month, NYDIG raised $100 million from major insurance firms Starr Insurance, Liberty Mutual Insurance, New York Life and MassMutual. It also hired Mike Sapnar, former CEO of Transatlantic Reinsurance, as its global head of insurance solutions. In March New York Life Chairman and CEO Ted Mathas joined NYDIG’s Board of Directors.

NYDIG is the digital asset subsidiary of Stone Ridge Asset Management, offers custody, treasury and trading solutions to its customer base of family offices, financial advisors, hedge funds and banks. Most of its revenue comes from custody and management fees.

Tags

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 18 - 20, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates (2).png

Research

This reports analyzes the competitive dynamics of the Solana DEX landscape, identifying sustainable moats per protocol. We also find that Raydium (RAY), Orca (ORCA), and Lifinity (LFNTY) are valued very similarly on a P/S basis and what this could mean for Meteroa's (MET) valuation, which is still pre-TGE.

article-image

The Drop’s Kate Irwin explains why OpenSea’s OS2 and SEA token are “exciting”

article-image

CoinShares’ CEO noted a “significant perception gap between regulatory approval, client demand and advisers’ fiduciary concerns”

article-image

“If we were to be successful, we would be on par with the Teslas and the DeepMinds of the world,” Frodobots’ co-founder said

article-image

It appears Trump’s team is trying to avoid having too many cooks in the kitchen

article-image

A lot has changed in the six months since the Fed decided to cut rates

article-image

Vitalik Buterin catches flack with pro-communism joke