NYDIG's parent company acquires a significant energy asset portfolio from ConocoPhillips for approximately $1.3 billion

Golden Finance reported that Stone Ridge, the parent company and asset management company of NYDIG, announced that its energy platform Stone Ridge Energy ("SRE") has reached a final agreement to acquire its large energy asset portfolio located in Oklahoma from ConocoPhillips for approximately $1.3 billion. This is SRE's second acquisition of the year, following the company's acquisition of energy assets worth over $1 billion in Colorado, bringing SRE's total investment in upstream energy assets to approximately $9 billion since the platform went live in 2021. SRE, with its over 11 gigawatts of natural gas energy supply, meets the growing energy demands of Bitcoin mining, artificial intelligence data centers, and countries that rely on liquefied natural gas