Wall Street’s favorite Bitcoin broker just walked away from institutional trading to chase gigawatts of power

CryptoSlate•Sun, Aug 30, 2026, 05:10 PM•2 min read

BitGo is paying roughly $42. 5 million upfront for institutional trading capabilities as NYDIG prioritizes a claimed 3+ GW power-and-compute footprint, leaving profitability unproven on both sides. The post Wall Street’s favorite Bitcoin broker just walked away from institutional trading to chas...

Source: [CryptoSlate](https://cryptoslate.com/bitgos-nydig-deal-sets-up-bitcoin-infrastructures-next-margin-test/)

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