Greenidge signs $74M debt restructuring agreement with NYDIG
The deal between Greenidge and NYDIG, would essentially restructure the company into a hosting firm for Bitcoin mining rigs. Bitcoin (BTC $16,811) miner Greenidge and its creditor, fintech company NYDIG, have agreed to restructure debt totaling over $74 million, according to a document made with the U.S Securities and Exchange Commission on December 20. The […]
NYDIG study shows effect of regulation on BTC price
New York Digital Investment Group (NYDIG), a financial services company has quantified the impact of regulation on the global price of Bitcoin (BTC) in a recent study. Following regulatory developments affecting digital asset taxes, accounting, and payments, as well as determinations on the legitimacy of service providers and the digital assets themselves, NYDIG regularly examined […]
Deloitte and NYDIG collaborate to assist businesses in adopting Bitcoin
Deloitte teams up with New York Digital Investment Group (NYDIG) to help businesses utilize bitcoin products and services Deloitte hopes to make blockchain and digital asset-based services available in a variety of industries involving Bitcoin products, such as banking and rewards programs. Despite the ongoing market downturn, professional services firm Deloitte is getting more serious […]
Argo Blockchain receives $70M loan for Helios mining facility in Texas
Argo Blockchain, a bitcoin miner based in Texas, has received a $70M loan from New York Digital Investment Group (NYDIG) to help purchase mining equipment for its Helios facility in Texas. The miner has signed a series of loan agreements with New York Digital Investment Group (NYDIG), a crypto-focused lender, under which the latter will […]
Study shows Bitcoin mining is estimated to represent 0.9% of global carbon emissions in 2030
New York Digital Investment Group (NYDIG) estimates that Bitcoin’s energy consumption will remain below 0.5 % of global carbon emissions over the next decade. This month, NYDIG released its ‘Bitcoin Net Zero’ research paper , which found that, despite rising prices, Bitcoin’s energy usage and carbon emissions will not soar in the next years. The […]