According to ChainCatcher, as reported by Blockspace, Bitcoin infrastructure and financial services company NYDIG has acquired Bitcoin mining company Consensus Technology Group (CTG). The news indicates that the deal may be completed in October, with CTG co-founders David Westrop and Joshua Zappala's LinkedIn pages showing they are currently employed at NYDIG, responsible for operations and corporate development strategy, respectively.CTG operates Bitcoin mining facilities in North Dakota, South Dakota, Pennsylvania, and Missouri. In October of this year, NYDIG also invested in Coinmint's Massena mining facility in New York, demonstrating its continued expansion in the mining sector.

ChainCatcher news, according to CoinDesk, NYDIG pointed out that there are fewer "catalysts" driving the recent rise in Bitcoin. September is typically a month of weak performance for Bitcoin prices, but on the bright side, October is usually one of the strongest months for Bitcoin prices.Market data shows that Bitcoin is currently fluctuating around $57,000, having risen over 3% in the past 24 hours.

ChainCatcher news, according to official information, the Arkham platform now supports users in monitoring and viewing NYDIG associated addresses.It is reported that NYDIG is one of the largest asset management companies in the cryptocurrency field, holding over 90,000 bitcoins (approximately $6 billion). Its clients include major trading platforms, top mining companies, and large trading firms, with on-chain transaction volumes exceeding $300 billion, serving entities such as Microstrategy, Cumberland, and Galaxy Digital.

ChainCatcher news, according to News.bitcoin, Bitcoin mining company Greenidge Generation Holdings has sold a 22-acre, 44 megawatt (MW) Bitcoin mining facility in South Carolina to NYDIG, settling $21.8 million in secured debt. The company stated that this move enhances Greenidge's financial stability and liquidity.NYDIG is a subsidiary of Stone Ridge Holdings Group, providing a range of services including Bitcoin (BTC) custody, financial solutions, infrastructure, and BTC mining operations. By acquiring the facility, NYDIG can further integrate its mining operations and enhance its infrastructure.

ChainCatcher news, under the leadership of CEO John J. Ray III, FTX debtors earlier shared plans to restart the cryptocurrency exchange FTX. Last Friday, FTX released the names of parties allowed to sell company assets under Chapter 363 of the U.S. Bankruptcy Code.According to court documents filed on June 22 in the Delaware bankruptcy court, FTX's consulting firm Alvarez & Marsal published a list called "363 Sale Parties." This represents entities interested in the FTX 2.0 reboot, which have been contacted and signed confidentiality agreements to seek more details about the restructuring and the exchange's relaunch.Notable companies among the 363 Sale Parties include Nasdaq, Ripple Labs, Galaxy Digital, BlackRock, Tribe Capital, Robinhood, NYDIG, and OKCoin. However, this is not an exclusive list of potential buyers or investors, but rather parties interested in the cryptocurrency exchange.FTX debtors plan to conduct the sales process in the third or fourth quarter of this year and select a "first bidder." One of these companies is likely to become the first bidder.The companies also plan to invest in FTX 2.0, and John J. Ray III's team is working on the bidding process letters, interested parties, market makers onboarding, and the relaunch of FTX Japan. (Source link)

ChainCatcher news, Bitcoin mining company Core Scientific has reached an agreement with lender NYDIG to settle $38.6 million in debt. Core Scientific has agreed to transfer 27,403 mining machines to NYDIG to repay the $38.6 million outstanding debt. At the end of October, it was reported that Core Scientific owed several creditors, including MassMutual, BlockFi, NYDIG, and the parent company of digital asset bank Anchorage Digital, Anchor Labs, approximately $1 billion. A significant portion of Core Scientific's loans was used to fund hardware and infrastructure improvements, most of which began in the second half of 2021, and most of the debt is due in 2025. (Source link)

ChainCatcher news, Bitcoin mining company Greenidge Generation (GREE) has signed a non-binding term sheet with its lender NYDIG to restructure $74.7 million in debt. According to the agreement, NYDIG will purchase Greenidge's Bitcoin mining machines with a hash rate of 2.8 EH/s, and NYDIG will agree to reduce the debt by approximately $57 million to $68 million. (source link)

ChainCatcher news, Bitcoin mining company Core Scientific stated in a report submitted to the U.S. Securities and Exchange Commission that it expects its existing cash to be depleted by the end of 2022 or earlier. Currently, Core Scientific is exploring potential strategic alternatives, such as hiring strategic advisors, raising additional capital, or restructuring its existing capital structure.In October, Core Scientific sold 2,285 bitcoins at an average price of $19,639, generating total proceeds of $44.8 million. The company's mining operations produced 1,295 bitcoins in October. As of October 31, 2022, Core Scientific held 62 bitcoins and approximately $32 million in cash.At the end of October, Core Scientific was reported to owe several creditors, including MassMutual, BlockFi, NYDIG, and the parent company of digital asset bank Anchorage Digital, about $1 billion. A significant portion of Core Scientific's loans was used to fund hardware and infrastructure improvements, most of which began in the second half of 2021, and most of the debt is due in 2025. (source link)

ChainCatcher news, according to The Block, Bitcoin mining company Core Scientific (CORZ) owes several creditors, including MassMutual, BlockFi, NYDIG, and the parent company of digital asset bank Anchorage Digital, Anchor Labs, about $1 billion. A significant portion of Core Scientific's loans was used to fund hardware and infrastructure improvements, most of which began in the second half of 2021, and most of the debt will mature in 2025.Previously, ChainCatcher reported that Core Scientific indicated cash resources would be exhausted by the end of 2022 or earlier and would not make payments due at the end of October and early November 2022 related to several of its equipment and other financing (including its two bridge notes). (source link)

ChainCatcher news, Bitcoin investment firm NYDIG notified affected employees of layoffs on September 22, with approximately 110 positions cut, accounting for about one-third of the company's total workforce. Sources indicate that employees were informed the company is seeking to reduce expenses and narrow its focus to more promising businesses.It is reported that on October 3, New York Digital Investment Group NYDIG announced that its CEO Robert Gutmann and President Yan Zhao would be leaving, but would remain with NYDIG's parent company Stone Ridge Holdings. Tejas Shah and Nate Conrad will serve as the new CEO and President, respectively, both having previously held positions as the firm's Global Head of Finance and Global Head of Payments. (source link)

According to Chain Catcher news and a report by CoinDesk, New York Digital Investment Group (NYDIG) announced that its CEO Robert Gutmann and President Yan Zhao will be leaving, but will remain with NYDIG's parent company Stone Ridge Holdings. Tejas Shah and Nate Conrad will serve as the new CEO and President, respectively, both of whom previously held positions as the institution's Global Head of Finance and Global Head of Payments.It is reported that Shah and Conrad will focus on accelerating investments in NYDIG's mining franchise and facilitating institutional Bitcoin adoption by helping the company leverage the Lightning Network. (CoinDesk)

According to ChainCatcher news and a report by Trustnodes, based on documents submitted to the U.S. Securities and Exchange Commission (SEC), the New York Digital Investment Group (NYDIG) has raised $720 million for its institutional Bitcoin fund, with a total of 59 investors contributing, averaging over $12 million per person. (Trustnodes)