Bitcoin Miners Move Millions in BTC to NYDIG: MARA and Riot Platforms Lead Latest Transfers

BitcoinWorld Bitcoin Miners Move Millions in BTC to NYDIG: MARA and Riot Platforms Lead Latest Transfers Bitcoin mining giants MARA Holdings and Riot Platforms have made significant Bitcoin transfers to New York Digital Investment Group (NYDIG), a prominent crypto lender, according to on-chain data from Lookonchain.

The transactions, which occurred approximately 10 hours ago, involve a combined 581 BTC valued at over $37 million. Details of the Transfers Lookonchain, a blockchain analytics firm, reported that MARA deposited 200 BTC, worth around $12.86 million, to NYDIG.

Simultaneously, Riot Platforms transferred 381 BTC, valued at approximately $24.51 million. These deposits continue a pattern observed in recent weeks, where major miners have been moving Bitcoin to NYDIG, likely for collateralized loans or other financial services.

NYDIG, backed by institutional investors, offers Bitcoin custody, trading, and lending solutions. Miners often use such services to secure liquidity without selling their BTC holdings, especially during periods of market volatility or when operational costs rise.