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Announced

NYDIG to acquire Arctos Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Domestic

Private

financial solutions

Friendly

United States

commercial lender

Consumer Lending

Acquisition

Single Bidder

Majority

Synopsis

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NYDIG, a provider of technology and investment solutions for Bitcoin, agreed to acquire Arctos Capital, a technology-driven commercial lender that provides financing solutions to bitcoin holders, investors, and mining businesses. Financial terms were not disclosed. "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," Tejas Shah, NYDIG Head of Market Solutions.

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