According to a report from CoinWorld, NYDIG's parent company and asset management firm Stone Ridge announced that its energy platform Stone Ridge Energy ("SRE") has reached a final agreement to acquire a substantial portfolio of energy assets located in Oklahoma from ConocoPhillips for approximately $1.3 billion. This is the second acquisition for SRE this year, having previously acquired over $1 billion in energy assets in Colorado, bringing SRE's total investment in upstream energy assets to approximately $9 billion since the platform's launch in 2021. SRE meets the growing energy demand for Bitcoin Mining, artificial intelligence data centers, and countries reliant on liquefied natural gas with its supply of over 11 GW of natural gas energy.

BTC-0.22%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)